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Russo Development enters Newark s residential market

Hackensack multifamily secures $78M in refinancing, JLL says

The garden apartment is so yesterday It s now about country club and hotel-like amenities

The garden apartment is so yesterday. It’s now about country club and hotel-like amenities Updated 9:26 PM; Today 8:18 PM Mike Pembroke, COO of Russo Development, at the Vermella Union luxury apartments in Union in March 2021.Steve Hockstein | For NJ Advance Facebook Share If it seems like luxury apartments are popping up everywhere in New Jersey, you’re right. There’s a rental unit construction boom happening across the state and the competition to attract younger renters and empty nesters is at a fever pitch. The action is especially intense in towns and villages eager to redevelop former industrial sites. Many projects are being built with elaborate health clubs, pet washing stations, roof-top swimming pools, lounges and elegant lobbies that reflect a significant shift in how renters – and landlords – view apartment living.

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