Bijou Properties, a real estate developer, announced it is expanding its portfolio of residential and commercial buildings into new North Jersey markets.
The real estate developer said it had promoted Chris Mazzola to director of development to help with expansion efforts into Morris and Essex County, while also focusing on Hoboken.
Mazzola’s new role will expand on his existing one which oversees acquisitions, financing, design and construction, marketing, and leasing.
The firm said it plans to focus its new portfolio on transit-oriented suburbs like Morristown and Montclair.
“We have a robust pipeline of future developments with over $350 million in mixed-use, multifamily properties under construction and plans to introduce cutting-edge buildings in the walkable, live/play downtown centers of Morristown and Montclair,” Mazzola said.
Bijou is currently developing VIA Lofts and Candela Lofts, a pair of upscale condominium buildings in Hoboken. The seven-story Candela is the first Passive House multifamily building in New Jersey.
The developer said it is also preparing to debut Edge Adams this year, a 34-unit rental building, and 700 Jackson, a 424-unit rental with a 6,835-square-foot gym, both in Hoboken.
“We pride ourselves on being a strong community partner that creates the kinds of sustainable, high-quality, and award-winning projects that make neighborhoods truly livable. Our Hoboken projects are creating acres of new open space and a public gymnasium, include integrated flood resiliency measures, provide space for Elysian Charter School, Mile Square Theatre, and the Garden Street Farmer’s Market, and host some of the most unique tenants, including Gravity Vault and Hudson Table. We’re excited to bring this methodology outside of Hoboken and are aggressively pursuing new projects in strategic urban and suburban markets throughout New Jersey,” he said.