Rehabilitation work is set to begin on an affordable housing community in Atlantic City after a Dec. 10 groundbreaking at Buzby Homes. The Michaels Organization announced the start of its $15.4 million endeavor with the Atlantic City Housing Authority to update the 126-unit property that, according to the real estate company, has remained largely untouched since it was… Read more »
In its first acquisition in New Jersey, the affordable-housing arm of Standard Cos. has purchased and will renovate Baltic Plaza Apartments, a 169-unit senior housing development in Atlantic City, in a $38 million deal. Standard Communities, part of New York City-based Standard Cos., bought 1313 Baltic Ave. in partnership with the U.S. Department of Housing and Urban Development and… Read more »
