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New Brunswick Real Estate Development

New Brunswick, NJ - The City of New Brunswick and New Brunswick Development Corporation (Devco) broke ground today on the New Brunswick Performing Arts Center (NBPAC) project, a $172 million redevelopment initiative that will transform New Brunswick's Downtown Cultural Arts District. In a legislative climate where municipalities are challenged with creative ways to implement affordable housing, this redevelopment exemplifies the power of thoughtful and sustainable public-private partnerships that can lead to the long-term well-being of our communities.
Along with the construction of high-quality affordable housing, the HOPE VI revitalization effort was designed to include an extensive resident services and community-building program component geared toward helping families achieve economic self-sufficiency.



The New Brunswick Performing Arts Center will soon be the premier venue for musical, dance and theatrical performances and home to the George Street Playhouse, Crossroads Theater Co., American Repertory Ballet and the Mason Gross School of the Arts at Rutgers.
The City of New Brunswick and its partner in redevelopment, Devco, will soon be ushering in a new era for our Cultural Center with the construction of these transformative facilities, further bolstering New Brunswick's legacy as a place where the arts grow and thrive,” said Mayor Jim Cahill.

The strategic repositioning of the Military Ocean Terminal, coupled with comprehensive urban infill redevelopment, are all benefiting from the City's inherent amenities, including extensive Hudson River waterfront access, a walkable downtown core and tremendous transportation resources.
The project, expected to officially break ground this Fall, is a public-private partnership between Devco, The City of New Brunswick, Middlesex County, The New Jersey Economic Development Authority, New Brunswick Cultural Center, Rutgers University, Pennrose Properties, and The New Brunswick Parking Authority.

This project is a great example of what the public and private sectors can do when we work together toward a common goal of investing in our communities in ways that create jobs and promote economic activity,” said New Jersey State Senate President Stephen M. Sweeney.
During the Cold War , the community was revitalized by the decision to process the tens of thousands refugees who came to the United States from the failed 1956 Hungarian Revolution at Camp Kilmer , in nearby Edison 56 Even though the Omar Boraie  Hungarian population has been largely supplanted by newer immigrants, there continues to be a Hungarian Festival in the city held on Somerset Street on the first Saturday of June each year; the 44th annual event was held in 2019.
Rutgers University has long been the focal point of the city, and the college town vibe is especially strong around the campus: Easton Avenue and George Street cater to the student population's appetites with restaurants, nightlife, entertainment venues, and the famous Grease Trucks.

Search for new homes, open houses, recently sold homes and reduced price real estate in New Brunswick. With more than 20 years of experience as a commercial practitioner, Stuart is billed as an expert in the real estate industry within the Tri-State area. As Founding Principal of TANTUM Real Estate, Debra Tantleff operates a certified Women's Business Enterprise development and advisory firm focused on creating boutique multi-family and mixed-use communities in the New Jersey region.

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