Firm Secures Successful Site Plan Approvals for Rutgers Student Housing on Broad Street

Counsel Jennifer Carrillo-Perez led a team of attorneys in the firm’s Land Use & Approvals and Commercial Real Estate & Redevelopment Practice Groups in the representation of a wholly owned subsidiary of Devco and the successful securing of approvals on the proposed site plan for a new Rutgers student housing project in the historic building at 15 Washington Street in Newark.  As reported by the Star Ledger, the project will include 163 total units, including an apartment for Rutgers’ Chancellor, plus academic space for use by Rutgers. Construction, which commenced immediately upon approval, is expected to be completed by July  2015 and occupancy to reach 95% capacity due to high demand. The project entailed extensive community outreach and complex approval processes due to the landmark historic status of both the building itself and the neighborhood; it is expected to catalyze further economic growth in this area around the North end of Broad Street.