The developer will gut the interior of the warehouse and convert the space into 361 single-level and loft apartments, as well as add a new penthouse level to the existing facility and construct a new freestanding two -level parking deck, Minno & Wasko said.
Around the State Banking and Insurance commissioner announces resignation NJBIZ File Photo Steven M. Goldman, state commissioner of Banking and Insurance, has resigned in order to join a New York law firm. Goldman, an attorney, submitted his resignation June 29, and will leave his position July 15, said Marshall McK- night, a Department of Banking and Insurance spokesman. Goldman will join the firm of Kramer, Levin, Naftalis & Frankel LLP, which has offices in New York and Paris. Goldman joined Gov. Jon S. Corzine’s administration in July 2006. He previously served as a senior partner after 22 years at Sills, Cummis & Gross P.C., which has offices in Newark, Princeton and New York. When Goldman was in private practice, he focused on corporate law, including mergers and acquisitions, bank- ing and finance, joint ventures, and leveraged buyouts, according to his biography on the department Web site. McKnight said Goldman’s replacement hasn’t been announced yet. The next highest-ranking officials in the department are newly named Division of Insurance Director Douglas Wheeler and Division of Banking Director Terry McEwen. Steven M. Goldman joined the state Department of Banking and Insurance “The governor thanks [Goldman] for his service,” said Corzine spokesman Robert Corrales, adding that Corzine three years ago, and will leave his position July 15. will announce Goldman’s replacement in the future. – Andrew Kitchenman BPU OKs utilities’ capital cient building, with modern IT infra- structure. Its founder and chief execu- designing the project. The developer will gut the interior of the warehouse Deals around the state investment programs tive, Richard Hocker, also pointed to and convert the space into 361 sin- n Universal Display Corp., in Ewing, a developer of organic LED “greater access to management teams gle-level and loft apartments, as well technology and materials for electronic displays, said it received a Utility providers PSE&G, New Jersey for research purposes” and proximity as add a new penthouse level to the $750,000 Small Business Innovation Research phase II contract from Natural Gas and South Jersey Gas last to Center City Philadelphia and Phila- existing facility and construct a new the U.S. Air Force Research Laboratory. The contract is for the devel- week secured approval from the state delphia International Airport. freestanding two-level parking deck, opment of a prototype non-glass, flexible OLED display that may be Board of Public Utilities for their capi- The 22-year-old firm is wholly Minno & Wasko said. used by pilots. The flexible display prototype is being developed in tal investment programs. Collectively, employee owned, and specializes The Parkway Lofts — expected conjunction with LG Display and L-3 Communications. they promise to create nearly 1,000 in providing investment advice to to be complete in 2011 — will have new jobs over the next 18 months. high-net-worth individuals. Some of immediate access to the Garden State n Food manufacturer Campbell Soup Co., in Camden, shelled out PSE&G’s plan is to invest $190 its employees live in Pennsylvania, a Parkway and be located less than 100 $426,000 to buy a 1.9-acre tract from the Delaware River Port Au- million and create an estimated 688 representative said. – Shankar P. yards from NJ Transit’s Watsessing thority. The purchase is part of Campbell’s plans to create a 100-acre new jobs; South Jersey Gas plans to Avenue rail station. – Evelyn Lee office park next to its headquarters. The property had been used as spend $17.2 million in capital pro- grams to create 163 jobs; and New Demolition on Parkway a parking lot. Jersey Natural Gas has an $18.3 mil- Lofts to begin in October Manalapan travel agency n Satellite communications services provider SES Americom-New lion plan to launch 114 jobs. BPU said it is still reviewing proposals filed by Prism Capital Partners will be- is named in fraud suit Skies, in Princeton, said it signed an agreement with Retro TV to transmit its programming across the country. Retro TV, a classic Jersey Central Power & Light, At- gin demolition work in October A Manalapan-based vacation travel television network, will use SES Americom-New Skies’ to increase its
Pages to are hidden for
"Demolition on Parkway Lofts to begin in October"Please download to view full document