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Tag: ewing

Will more mixed-use projects find homes in central New Jersey?

Written by caitie on . Posted in Around Central New Jersey, Conversations, Incentives, News.

The phrase “mixed-use” has been around for a long time, but seems to be growing more prominent in conversations, news articles and online discussions each day. We’ve mentioned a few mixed-use projects in this news section in the past and have had many conversations in the office voicing different viewpoints and imagining possibilities for here in Mercer County.

We can point to a few examples of existing mixed-use environments in our backyard: downtown Princeton (Mercer Co, NJ) and Lambertville and New Hope (Hunterdon Co, NJ and Bucks Co, PA, respectively) that have been around for a long time and are very successful at being what mixed-use plans hope to be: any urban, suburban or village development (even a single building) that blends a combination of residential, commercial, cultural, institutional, or industrial uses where those functions are physically and functionally integrated, and that provides pedestrian connections. Mixed-use has had a variety of exact definitions over the years and still gets used in different ways from time to time- if you are interested in digging a little deeper, this article provided by Placemakers is a good place to start to understand the nuances.

We recently attended the Princeton Chamber of Commerce’s REBA (Real Estate Business Alliance) breakfast event (Bringing Positive Change to the Princeton Region) that was centered around planning concepts that would attract millennials and empty nesters to the Princeton/Mercer region- in particular Trenton. The mixed-use concept was spoke about at length- looking at demographics and trends around the country for the targeted age groups and considering how to apply them to our backyard.

Here is an article about the sale of a long vacant building in Hightstown that hints that a mixed-use redevelopment may be in the cards. An article from earlier in the month follows the possible redevelopment of the Ocean Spray site in Bordentown into a possible “gateway into town” mixing loft style office space and possibly a brewery, yoga studio, etc.

What does this mean for the real estate landscape in Mercer County (commercial, residential, retail, industrial)? Do you see this type of project taking hold and changing our area? Or is this another fad that will pass?

We’d love to hear your thoughts and continue the conversation. You can find us on LinkedIn, Twitter and Facebook.

Archer & Greiner wins award, Ewing’s airport shows its strength & how the town of Princeton extends beyond its borders

Written by caitie on . Posted in News.

Congratulations to our friends at Archer & Greiner!

NJBiz announced their Business of the Year Awards winners last week at their annual event. We are very proud to congratulate our client, Archer & Greiner on being named the Corporate Citizen of the Year for 2014. For a full list of winners, please visit the NJBiz website.

As other regional airports struggle, Ewing’s Trenton-Mercer Airport continues to grow

Last year multiple regional airports made moves- Atlantic City International Airport added more United Airlines flights, Frontier Airlines added a stop in Wilmington, DE and People Express began service out of Newark Liberty International Airport. At the same time, Trenton-Mercer Airport spent $20 million in renovations and reopened to the public with Frontier Airlines. As of now, the Trenton-Mercer addition is the only one left standing- and its not just barely making it, its growing. NJBiz provides more details here.

Princeton is everywhere

If you’re familiar with the area you understand that just because a business, store, or corporate park has “Princeton” in the name does not mean it is actually located in the town of Princeton. Mayors from neighboring towns (whose names often get replaced by “Princeton”) weigh in and add their comments in this nj.com article. Previously this year, the cache attached to the Princeton name and how it effected corporate tenant’s location decisions was discussed also.

If you enjoy our news updates- please consider following us @MercerOakRealty on twitter for more Princeton area & commercial real estate news. Mercer Oak Realty can also be found on Facebook & LinkedIn.