MDG – New Street Residential Development – New Jersey - Project Profile
"MDG – New Street Residential Development – New Jersey - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
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Matrix Upper Lot Urban Renewal LLC, a unit of Matrix Development Group (MDG) is undertaking the construction of New Street Residential Tower project in New Jersey, the US.
The project involves the construction of eight-story C-shaped multi-family residential building with two-story basement for 550 parking spaces.
It includes the construction of 393 apartment units, a games room, a media lounge, children’s community rooms and, fitness center and related facilities and the installation of elevators, safety and security systems.
On April 3, 2013, The City of New Brunswick (CoNB) approved a 30-year tax exemption under payment in lieu of taxes (PILOT) basis.
MDG's in-house division is undertaking the construction works.
In May 2013, ground-breaking ceremony held.
Construction activities are underway and slated for completion in third quarter of 2017.
The project involves the construction of eight-story C-shaped multi-family residential building in New Jersey, the US.
The US$70 million project includes the following:
1. Construction of 393 apartments
2. Construction of a games room
3. Construction of a media lounge
4. Construction of children’s community rooms
5. Construction of fitness facilities
6. Construction of two-story basement for 550 parking spaces
7. Installation of elevators
8. Installation of safety and security systemsReasons To Buy