Mack-Cali Doubles Units In Upcoming $1B NJ Luxury Tower

Law360, New York (February 10, 2012, 12:19 PM EST) -- Mack-Cali Realty Corp. has more than doubled the number of units planned for its ambitious waterfront luxury apartment tower, a $1 billion project expected to break ground late this year, the New Jersey office-focused real estate investment trust said Thursday.

CEO Mitchell Hersh said during the company's earnings call that it plans to build a total of 2,500 rental units in two phases at the Harborside Financial Plaza. That’s more than twice the 1,000 apartments the company projected in December, when it announced the joint venture...
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