A rendering of Jersey Walk in Elizabeth, NJ.
ELIZABETH, NJ—CMT Developers, LLC of Lakewood, NJ has secured a $56-million construction loan from Los Angeles-based Parkview Financial for the first phase of the Jersey Walk development here being built on the former Elizabeth General Hospital site.
The Elizabeth General Hospital was shuttered more than two decades ago. The mixed-use project at 901 E. Jersey St. will be developed on a 5.41-acre site. Construction on phase one has begun with completion anticipated for Spring 2021.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
