Fareri Associates president John Fareri tells Globest.com that the first phase of the project would involve the development of approximately 500,000 square feet of space, including an approximately 135-room hotel, biotechnology-medical and retail space.
Diageo, which is headquartered in London, is investing $31 million in its new space at 3 World Trade Center and is eligible for up to $6.6 million in incentives via performance-based Excelsior Tax Credits from New York State Economic Development Corp.
New Jersey's largest transit hub office complex is now under ownership by a single joint venture, which has plans for a significant repositioning of the Gateway Retail Concourse.
J.G. Petrucci has acquired an industrial flex building and a six-acre development site that expand the variety of commercial and industrial real estate options it can offer clients.