VIEWS: 5 PAGES: 2 CATEGORY: Business & Economics POSTED ON: 6/18/2010
Dallas- based residential developer Lincoln Property Co. broke ground on Montclair Residences in 2007, and is slated to finish the project no later than mid- August, said DMR, which designed the development over an existing parking lot and also added a new parking deck to accommodate both residents and commuters.
Around the State $7.6M jury award for wronged Atlantic City developer Special to NJBIZ An Atlantic City developer won a $7.6 million civil suit following a four-year walk through a federal court in Camden. In June 2005, Atlantic City Associates, a division of The Cordish Cos., which developed The Walk in Atlantic City, filed suit against Carter & Burgess Consultants Inc., an architectural engineering firm that’s part of Jacobs, a California-based construction services firm. Last week, a 10-person federal district jury unanimously agreed with ACA’s claim that C&B’s design and other errors resulted in “hundreds” of changes to The Walk — an eight-block retail outlet center that runs between the Atlantic City Convention Center and the resort city’s boardwalk — that delayed the center’s opening and cost ACA millions of dollars. “The case involved some very technical issues,” said Marlton resident Joe Battipaglia, a partner with the Phila- delphia law firm Duane Morris LLP, who represented ACA. “Matters like this can be tricky, since you want to make sure the jury understands all the issues.” C&B’s lawyer, Timothy J. Bloh, of Fox Rothschild LLP’s Atlantic City office, did not return a reporter’s call seeking The Walk is an eight-block retail outlet center located in Atlantic City. comment. - Martin C. Daks Sweetwater breaks Teterboro on Feb. 2, 2005. Singh said he dispatched John both residents and commuters. Montclair Residences includes Deals around the state ground on care center Kimberling to fly from Teterboro a variety of studio, one-bedroom to Chicago even though he was not n Biometric identification solutions developer Bio-key International Sweetwater Construction Corp., in commercially qualified. The plane hit Inc., in Wall, said it agreed to pay $2.17 million to settle a lawsuit Lincoln Property Co. Cranbury, said it broke ground on a a warehouse after failing to lift off. brought by Longview Special Finance Inc. and Longview Fund L.P. project to build the New Merwick Singh also pleaded guilty to A suit filed in February sought $2.89 million in damages plus inter- Care and Rehabilitation Center, in conspiracy to commit wire fraud est and legal fees over Bio-key’s alleged failure to redeem shares of Plainsboro. The health care facil- and to defraud the Federal Aviation convertible preferred stock held by Longview. ity is being developed by Windsor Administration, according to last Health Care. The cost of the project week’s announcement. n Contract research company Life Sciences Research Inc., in the East was not disclosed. Singh faces up to five years in Millstone section of Franklin Township, said it agreed to be acquired New Merwick Center is slated prison, a fine of at least $250,000 and by Lion Holdings Inc. for $8.50 per share in cash and take the com- to be a 105,000-square-foot facility an order to pay restitution to his vic- Montclair Residences is located adjacent pany private. Lion Holdings is controlled by Life Sciences Research’s on the campus of Princeton Health- tims when he is sentenced Oct. 26 by to Bay Street Station. chief executive and chairman, Andrew Baker. Life Sciences Research care System’s University Medical U.S. District Judge Joseph A. Green- provides product development services to biotech, pharmaceutical Center, of Princeton, which is sched- away Jr. and two-bedroom apartments, as and agrochemical companies. uled to open in 2011. The medical Singh has five co-defendants: well as a fitness center, Internet café, center is situated between Scudders Michael and Paul Brassington, An- pool, courtyard and fitness center, n Regional wireless and landline communications company Centen- Mill Road and the Millstone River. dre Budhan, Brien McKenzie, and according to DMR. nial Communications Corp., in Wall, said its acquisition by Dallas- The New Merwick facility will Francis Vieira. Budhan pleaded The project’s proximity to the based AT&T Inc. is expected to close in the third quarter of the year, include 120 long-term care beds guilty to conspiracy on June 22 be- train station influenced the design pending
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