METUCHEN, NJ – Klein Enterprises, a vertically integrated investor, developer, and operator of diversified real estate holdings, announced its plans to develop a multifamily apartment community in Middlesex County, New Jersey.
Located at 212 Durham Avenue in the Borough of Metuchen, the yet-to-be-named community is situated on a former industrial site that has undergone significant environmental remediation over the past several years in preparation for the new multifamily development. Demolition of the existing structures on the site took place in April of 2023 and construction of the property will take approximately 24 months with completion anticipated for Fall 2025.
The community will offer a total of 272 Class A studio, one-, two- and three-bedroom units, 15 percent of which will meet state affordable housing requirements, as well as six unique one-bedroom live /work homes. Located on the ground level of the community, these six homes offer residents their own office space that can be accessed via the home directly as well as a separate, private entrance for work purposes.
The interior design of the community will focus on a Modern Artistry concept in honor of the artists, literary figures and noted intellectuals who brought culture and the arts to Metuchen in the late 1800s. The design will feature modern elements grounded by warm woods and black accents while incorporating photography, music and classic printing techniques.
Klein will pursue various green initiatives within the building and plans to achieve National Green Building Standards (NGBS) through features like a partial green roof, a large solar array, electric car charging stations, Energy Star appliances, low-flow fixtures, LED lighting, a pollinator garden, and more. Additional community amenities include a community garden, dog park, and pool.
Over the past few years, we ve worked closely with both Mayor Jonathan M. Busch s team as well as Middlesex County officials to establish a redevelopment plot that meets two primary objectives, said Daniel Klein, president of Klein Enterprises. The first was to preserve a part of the property as the gateway to a new county nature preserve and the second was to redevelop the balance of property with a state-of-the-art residential building that fits the character of the community and incorporates green building elements. Collectively, we believe that we have not only met but exceeded these objectives.
After the land was contributed into the partnership by Metuchen Realty Advisors (MRA), Klein and MRA worked closely with the Borough Council to do a redevelopment agreement and qualify for a 30-year PILOT (payment in lieu of taxes) agreement, which will jointly benefit the project by tying tax obligations to project revenue while providing the Borough of Metuchen with the flexibility to invest revenue back into the borough where it is needed most.
This project will allow Metuchen to invest millions of dollars in major infrastructure projects throughout the Borough, promote environmental cleanup, and preserve approximately 20 acres of wetlands which will be part of the Borough s open space and recreation assets. The plotted improvements include a network of trails, hiker/biker paths, and open space for public enjoyment, and will also provide access and parking facilities for a new county nature preserve. The project is adjacent to the plotted expansion of the highly well loved Middlesex County Greenway linear park.
The Borough of Metuchen has been discussing possibilities for this site for decades and now the transformation has begun, said Mayor of Metuchen Jonathan M. Busch. It is this very project that s enabling us to open the largest recreational space in Metuchen, fund a variety of vital infrastructure projects throughout the Borough, and help protect our environment, all while providing our community with new housing options that will give many people the freedom to stay in the very community where they grew up and open doors for new neighbors. We are particularly grateful to have partners in Metuchen Realty Advisors and Klein Enterprises. This is an example of a public-private partnership that will be a right benefit to our community.
Sean Garland, chief investment officer of Klein Enterprises shared, Along with providing best-in-class housing to residents, the redevelopment plot and PILOT program provide us with the flexibility to completely transform a dilapidated site that will increase surrounding property value, pump revenue directly into the Metuchen community, and allow our company to expand our presence in the northern New Jersey market. This project is a testament to the overall value made when private developers work collaboratively with local governments to make spaces that benefit the overall community.
The multifamily project is also located in close proximity to the Metuchen NJ TRANSIT stop which offers a 45-minute train to Midtown in New York City, and walking distance to the Borough s historic and vibrant downtown that recently received the 2023 Fantastic American Main Street Award.

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ATLANTA, GA – Toll Brothers Apartment Living, the rental subsidiary of Toll Brothers, Inc. (NYSE: TOL), the nation s leading builder of luxury homes, and joint venture partner PGIM Real Estate, celebrated the topping-out of Momentum Midtown, a new 36-tale, 376-unit luxury high-rise rental apartment community in the heart of Atlanta s vibrant Midtown neighborhood. Momentum Midtown is located on a 0.83-acre site at 1018 W Peachtree Street NW.
Constructed on the location that was once Ted Turner s original broadcasting studio and the birthplace of WTBS, the topping-out celebration at the new apartment community was attended by development partners, local officials, and more than 700 of the project s construction workers. Financed with a construction loan facility from Wells Fargo Bank N.A, construction commenced in 2021 and resident occupancy is anticipated in early 2024.
This was an exciting day for all members of the team as we celebrated this huge construction milestone for Momentum, said John McCullough, President of Toll Brothers Apartment Living. This is our fourth luxury multifamily community in the rapidly growing Atlanta market and we re looking forward to bringing new opportunities for the highly skilled workforce of the area to live in an unparalleled location offering a unique and quality lifestyle.
Featuring studio, one-, two-, and three-bedroom floor plans, residences at Momentum Midtown will include quartz countertops with tile backsplash, stainless steel appliances, designer custom cabinetry, wood-style LVT flooring, oversized closets, entry nooks, and smart home features. Private balconies and terraces, as well as private yards, will be available in select residences. Momentum Midtown s rooftop offers unimpeded views of both the Midtown and Downtown Atlanta skylines.
Momentum Midtown will feature a resort-style rooftop pool and lounge with cabanas, outdoor bar, dining room, exhibition kitchen, theater, indoor/outdoor game room, and a sky lounge. Other amenities will include a state-of-the-art fitness center, a co-working space, a club room with coffee bar, beer and wine taps, a dog park and pet spa, high-speed community-wide Wi-Fi, and 435 dedicated parking spaces in the structured parking garage.
The topping out of Momentum represents fantastic progress for Toll Brothers and for the Midtown region, said Will Chappell, Director of Development and Construction for the southeast region of Toll Brothers Apartment Living. We are excited to recognize the potential of this West Peachtree Street corridor as it becomes the epicenter of life, business, and culture for Midtown. Momentum features a striking architectural design that embodies the future of Atlanta, and we look forward to welcoming all those who will soon call it home.
Momentum Midtown is located within a five-minute walk of the Georgia Institute of Technology campus in Atlanta s Midtown community between the Downtown and Buckhead neighborhoods. With superior access to I-75/85, GA-400, MARTA rail stations, and Hartsfield-Jackson International Airport, the property benefits from convenient access to many of the area s major transportation corridors, employment centers and employers, including FORTUNE 500 companies such as Google, NCR, AT&T, and Coca-Cola. Atlanta has the South s second-largest pool of tech workers. With a location adjacent to Georgia Tech and two blocks south of Google s plotted 475,000 square foot Midtown office, Momentum will be at the center of Atlanta s tech innovation community.
We re thrilled to be expanding our partnership with Toll Brothers and to be celebrating this milestone in the development of Momentum Midtown, said Joanna Mulford, Managing Director and Senior Portfolio Manager for PGIM Real Estate s U.S. core equity strategy. Momentum will benefit from robust tenant demand stemming from its location in the heart of Midtown Atlanta, an area that s experiencing rapid growth in high-paying jobs, and from its walkability to many restaurants, parks, green space, and entertainment.

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PITTSBURGH, PA – CPP (Community Preservation Partners), a mission-driven affordable housing preservation developer, announced the closing of Allegheny Commons apartments. The community is located at 255 E. Ohio Street, in the revitalized and highly desirable North Shore neighborhood of Pittsburgh. The 136-unit multifamily complex is less than a mile from the Central Business District and marks the first investment in this market for CPP.
CPP s total development investment is expected to be approximately $46.4 million, with a total investment in renovations of $11.3 million. Renovation starts immediately and is expected to be completed by February 2024. Throughout the renovation process, CPP will ensure that the impact on residents is as minimal as possible.
CPP will conduct a major rehabilitation of the community, which was originally built in 1973 and consists of 20 residential buildings. The work will include common area and exterior renovations including accessibility upgrades, flooring upgrades, parking lot repair and exterior pressure washing and paint, among other upgrades.
Individual apartment renovations will include new energy-efficient kitchen appliances, solid surface countertops in kitchens and bathrooms, new sinks and faucets, LED lights, new windows, and converting 5% of units to meet ADA accessibility requirements. The development will meet Enterprise Green Communities (EGC) 2020 standards.
One hundred and twelve (approximately 82%) of the units are covered under a project-based Section 8 Housing Help Payments (HAP) contract. Additionally, the project includes 24 tax credit units restricted to 60% AMI. The new HAP contract will extend affordability for 20 years, setting the AMI at 50%.
CPP’s properties are not only investments, but they re also sources of fantastic pride for the owners and communities they serve, said Anand Kannan, President of CPP. This rehab will completely transform this property into a modern, safe community in the heart of downtown Pittsburgh.
Allegheny Commons is a small walk to the Deutschtown Historic District with numerous shops and restaurants and is only 0.4 miles from PNC Park and 0.9 miles from Acrisure Stadium. Also nearby are a public park, church, office building and several market-rate apartment complexes.
With this investment and major renovation at Allegheny Commons, CPP will help ameliorate the loss of affordable units in this rapidly changing area, said Seth Gellis, Senior Vice President of CPP. By preserving affordable housing, we are not only making a positive impact on the property s residents, but also contributing to the revitalization of the area.
CPP often partners with other organizations on renovation projects to help set up support systems. At Allegheny Commons, CPP will provide residents supportive services through a partnership with American Healthcare Group and is also working closely with Allegheny Center Alliance Church to offer other programs and opportunities to residents.

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