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                                                                                                                New Hoboken residential building expects to be city’s first with LEED
Bryan Smith, The Daily News

                                                                                                                HOBOKEN — Garden Street Lofts — a new mixed-use complex comprising 30 luxury condominium units and 7,500 square
                                                                                                                feet of retail space — officially opened last week in the Mile Square City. The $16.8 million project is expected to win LEED
                                                                                                                Silver certification in three months, which will make it the first luxury residential development in the state to receive such a
                                                                                                                rating, according to Del-Sano Contracting Corp., the Union-based general contractor in charge of the project’s construction.
                                                                                                                      Garden Street Lofts, which was developed by Teaneck-based Bijou Properties, also will be Hoboken’s only LEED-
                                                                                                                certified residential building upon certification, Del-Sano said.
                                                                                                                      LEED, which stands for Leadership in Energy and Environmental Design, is the U.S. Green Building Council’s national
                                                                                                                green building rating system that establishes criteria for the design, construction and operation of sustainable properties.
                                                                                                                      Sustainable features of Garden Street Lofts include using 24 percent less energy in heating, cooling and lighting, and 20
                                                                                                                percent less water than a traditional building, and deriving 100 percent of its electrical power from wind and other sources.
                                                                                                                      The project — which is the redevelopment of a former coconut processing plant and storage warehouse — took
                                                                                                                25 months to complete and has sold 50 percent of its units, according to Del-Sano; Bijou declined to disclose how
                              Garden Street Lofts will have 30 luxury condos and 7,500 square feet of retail.   many of those units had actually closed. – Evelyn Lee

                                                                           than $50,000 in sales tax from 1991            now changing signage and advertis-
Wakefern wins fight                                                        to 2007, but never turning it over to          ing to reflect the change. – Shankar P.
                                                                                                                                                                        Deals around the state
over spoiled food                                                          the state, said state Attorney Gener-                                                       ■ Memory chip-maker Dataram Corp., in West Windsor, said
                                                                           al Anne Milgram.                                                                            it acquired privately-held Micro Memory Bank Inc., in
Wakefern Food Corp. won a court                                                 Camden County Court Judge
                                                                                                                          Investment sales drop,
                                                                                                                                                                       Montgomeryville, Pa., for nearly $1 million in cash and debt. Micro
battle when a panel of state judges                                        Irwin J. Snyder sentenced James                real estate firm says                        Memory is a maker of legacy memory modules. Dataram paid
said its insurer had to cover more                                         Hendricks, 52, to 364 days in jail, fol-                                                    $52,346 cash and assumed $942,107 in debt and certain payables.
than $1 million of food losses the                                         lowed by probation, while his wife,            Newly released first-quarter statistics
Keasbey-based supermarket coop-                                            Mary Ann Clark-Hendricks, 46, was              painted a grim picture for office and

                                                                                                                                                                                                                                                    Courtesy of Curtiss-Wright
                                                                                                                                                                       ■ Curtiss-Wright Corp., in Parsippany, said it
erative suffered in a power outage.                                        sentenced to five years of probation,          industrial investment sales activity in
                                                                                                                                                                       won a contract worth up to $20 million over
     The company paid more than                                            Milgram said last week. The couple             northern and central New Jersey,
$5.5 million to Liberty Mutual Insur-                                      also will pay $51,560 in restitution,          according to commercial real estate          15 years to supply components for military
ance Co. for a commercial insurance                                        plus penalties and interest.                   services firm Cushman & Wakefield.           helicopters. The company was awarded the
policy that included coverage for                                               Last October, Hendricks plead-                  In the office market, the number       contract by Claverham Limited to make
damage due to power failures.                                              ed guilty to theft by failure to make          of sales transactions dropped by 75          transducers for a fly-by-wire contro
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