BERKELEY HEIGHTS, NJ – The Connell Company, one of the largest diversified, privately held corporations in the U.S., has unveiled plans for Round Table (RT) Residences, located at The Park, New Jersey’s newest destination neighborhood.
RT Residences will be comprised of two luxury residential rental buildings – RT500 with eleven tales will include 179 units, while RT600 with eight tales will include 149 units. Each building will feature luxe resort-style outdoor pools, entertainment lounges, game rooms, co-working spaces and state-of-the-art fitness centers, along with a wide range of hospitality-based amenities and concierge services utilized throughout The Park.
As part of an elevated lobby experience, RT500 will be connected to Cafe Exchange, a unique coffee shop concept that is also open to the public. Cafe Exchange will feature hand-crafted beverages, a variety of food selections, live entertainment, art installations featuring local artists, a book exchange program and an evening wine bar. The 6,000 square foot space will provide a central location for the community to come together and socially connect, outside of their homes, work, and technology.
“We’re building an urban, walkable, downtown community within a suburban setting at The Park and a critical piece of this model is our residential buildings,” said Shane Connell, Executive Vice President at The Connell Company. “By making luxury resort-style residences on site, we’re ensuring that all residents can experience everything The Park has to offer, such as world class restaurants, large parks and open spaces, and high-end amenities all in one campus.”
Designed by Minno & Wasko Architects and Planners and David M. Sullivan Inc., RT Residences units will include a mix of studio, one and two-bedroom luxury apartments. Each residence will feature contemporary stylings and neutral tones. Floor to ceiling windows in each unit will make an abundance of natural light, while wood plank flooring and quartz countertops provide a modern flair.
RT Residences are part of a $500 million redevelopment of The Park, transforming the traditional office park into a destination neighborhood. Recent milestones at The Park include the renovation of the original office spaces to a modern hospitality-centric work resort, and construction of an entertainment building in The District at The Park, which will include a brewery, steakhouse, duckpin bowling and more.
The Park is already home to 1.5 million square feet of class A offices that host companies like Blackstone, Samsung, and Aon, as well as a 176-room Embassy Suites hotel, FIELDHOUSE, a luxury fitness and wellness facility, Grain & Cane Restaurant, Starbucks, Life Time Fitness, outdoor walking and jogging trails, and co-working social club Round Table Studios.

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CHARLOTTESVILLE, VA – Greystar, a global leader in the investment, development, and management of residential real estate, announced the start of construction on Ancient Ivy Residences, a hybrid multifamily and build-for-rent community in Albemarle County, Virginia.
“Greystar is excited to make our entry into the quick-growing Charlottesville market by providing a unique mix of rental housing for the broader community,” John Clarkson, Senior Managing Director. “We believe our project will provide an vital variety of homes for young professionals, students, faculty and families who support the Charlottesville way of life.”
Ancient Ivy Residences’ multifamily component will have 336 garden-style apartments with one-, two- and three-bedroom floorplans. The build for rent component will be a mix of 189 three-bedroom detached homes and townhomes. The community will reserve 15 percent of its residences for households earning up to 80 percent of area median income.
The property will boast more than eight acres of curated greenspace along with a trail, playgrounds, sports courts, dog parks, a putting green and two pools. The amenities within the two standalone clubhouses will include coworking space, a library, golf simulator, two fitness centers and a food and sundries market.
Ancient Ivy Residences is located at the intersection of US 29 and Ancient Ivy Road in very close proximity to the University of Viriginia’s North Grounds that is home to the Darden School of Business and the UVA School of Law, both of which are consistently ranked as top schools in their respective fields of study. Additionally, residents will be close to the University’s sporting and entertainment venues and nearby to downtown Charlottesville’s local dining and shopping options.
Construction started in September with the first units slated to deliver in the second quarter of 2026.

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NEW YORK, NY – J.P. Morgan Real Estate Income Trust, Inc. (JPMREIT) announced the acquisition of two residential assets: The Preserve at Pine Valley in Wilmington, NC and Bass Lofts in Atlanta, GA. These strategic acquisitions underscore JPMREIT’s commitment to expanding its portfolio of high-quality, attainable housing assets in high-growth markets.
The Preserve at Pine Valley, a 219-unit, Class-B housing community, was bought in a 90/10 joint venture partnership with Ginkgo Residential, a Charlotte-based owner and operator focused on workforce housing. Situated in central Wilmington, the property offers residents convenient access to Downtown Wilmington, Wrightsville Beach, and the Novant Regional Medical Center. The property is ideally positioned to benefit from Wilmington’s robust economic and demographic growth, which, to date, has resulted in a 70% cumulative increase in population since 2000. The total buy price was $32.1 million, exclusive of closing costs.
Bass Lofts is a 133-unit, adaptive reuse, Class-A multifamily property located in the intown neighborhood of Small Five Points in Atlanta, GA. This unique asset offers a prime location with simple access to Downtown Atlanta, Midtown, and Buckhead, as well as major highways. Originally constructed in 1923 as a school, Bass Lofts is currently 96% leased, reflecting strong demand for quality housing in the area. The total buy price was $34.8 million, exclusive of closing costs.
The residential sector is one of J.P. Morgan Asset Management’s high-conviction investing themes, driven by the resilience of and strong demand for housing. The 2021 pricing bubble motivated developers to introduce new supply, which softened rents despite growing wages and strong apartment absorption. Wilmington and Atlanta are examples of markets where new supply has peaked, and rents are now firming. These JPMREIT acquisitions will benefit from a recovery in rental rates across their submarkets.
“These acquisitions underscore our confidence in the residential sector and our belief in the continued growth and resilience of the housing market. As we navigate an environment where homeownership remains significantly more costly than renting, we see a sustained demand for rental properties,” Chad Tredway, CEO and Chairperson of JPMREIT.
Doug Schwartz, Co-President of JPMREIT, added, “The Sunbelt region is experiencing declining supply amidst continued population and wage growth, making it a focal point for our investment strategy. At JPMREIT, we are committed to leveraging these trends by tactically investing in assets where we can make value and in locations where economic and population growth are making opportunities.”

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