Garden Communities Kicks Off Luxury New Jersey Development
Completion is expected by the end of 2025.
Garden Communities has broken ground on an 192-unit luxury project at 111 Spring St. in New Providence, N.J. The developer expects completion in the winter of 2025.
Spanning 27 acres, the community will rise on the site of a former wireless telecommunications facility, which has been relocated to 41 Spring St. The project will have to include 20 percent affordable units to comply with local regulations.
In 2021, the Borough of New Providence’s planning board approved the development of 10 carriage-house-style structures and two apartment-style buildings, as well as an underground parking facility.
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The site is some 2 miles north of Interstate 78, as well as less than 1 mile from Murray Hill Rail Station and downtown New Providence. It is also roughly 28 miles from New York City and 17 miles from Newark Liberty International Airport.
Garden Communities’ national footprint
The 1954-founded developer is active in nine states, such as New Jersey, New York, as well as California and Arizona, to name a few. Its footprint includes more than 8,000 luxury recently delivered or in-development units.
Last year, the developer debuted Walnut Hill, a 177-unit luxury community in Clark, N.J. That same year, Garden secured a $49.5 million refinancing note from Nationwide. JLL arranged the 10-year, fixed-rate loan.
One year before that, in 2022, Garden Communities began work on a 20-acre redevelopment project in Englewood Cliffs, N.J. The razed building served as Unilever’s office, research and development facility.
