KIMMERLE GROUP (KG) CAN LEAD THIS PROCESS FOR YOU!

The commercial real estate market continues to face a downturn, office, warehouse, and retail sectors are predicted to remain in a slump, for the foreseeable future. But despite these times, there are new opportunities for New Jersey building and property owners to reposition their assets. The Fourth Round Mt. Laurel mandates are creating an additional pathway for redevelopment.

The Mt. Laurel Doctrine Creates Opportunity

Round Four is designed to encourage the development of affordable housing across New Jersey municipalities, including the conversion of underutilized commercial properties into residential spaces. By repositioning your office building, defunct mall, or vacant warehouse to accommodate housing, you can unlock its full potential all while contributing to a vital societal need.

Timing is Everything

The clock is ticking. To capitalize on this opportunity, you must fully engage now and act before December 2025 – the deadline for properties to be included in the new municipal affordable housing quotas. Early engagement significantly increases your chances of gaining approval and maximizing your redevelopment value.

Kimmerle Group: Your Trusted Advisor

Kimmerle Group possesses a deep understanding of New Jersey's real estate industry and the multitude of complexities outlined in the Mt. Laurel Doctrine. Our proven track record demonstrates our ability to guide clients through every stage of the repositioning process:

Navigating Regulations: We untangle the intricacies of Mt. Laurel compliance, ensuring your project aligns with all mandates.

Securing Entitlements: Our expertise in land use approvals streamlines the path to crucial permits and approvals, including navigating complex environmental regulations and other site development constraints.

Strategic Development: From site analysis and redevelopment designation to density calculations and project plans, we ensure your property is optimized for success. Be aware that increased densities, well above in place zoning allowances are generally available, offsetting the affordable housing burden for the proposed site or building.

Adaptive-reuse of 1920’s era warehouse in Long Island City, NY:

Former warehouse transformed to office use for Normandy / Senlac and now the region's largest men's migrant dormitory, demonstrating adaptability to pressing market needs.

Mixed-use redevelopment parcel in Hoboken, NJ:

Leveraging our expertise in mixed-use sites for housing, retail, and office while creating vibrant spaces with new amenities for the urban landscape - while tackling an array of environmental constraints.

Multi-building Office Park Conversion in Morris County, NJ:

A redevelopment plan for 1,800 units, with 360 affordables. A mixed-use redeployment that maximizes land value and revitalizes the community. One of several sites in Parsippany, NJ where the KG team has been engaged.