REIT eyes plan to reposition South Jersey mall with 1,100 apartments, hotel
January 21, 2021
Craig Gianetti was quoted in the RE-NJ article, "REIT eyes plan to reposition South Jersey mall with 1,100 apartments, hotel." The article discusses the owner of a Burlington County mall moving ahead with plans to transform the property with the addition of more than 1,100 apartments and a hotel. Gianetti, who represented the REIT in the township, said he is involved in several cases involving shopping centers or obsolete offices.
"A number of towns have rezoned or adopted overlay zones for shopping centers as part of its affordable housing compliance figuring that the likelihood they redevelop is slim," explains Gianetti.
Day Pitney Real Estate Partner Daniel Diaz Leyva was featured in the Tampa Business Observer's News & Notes section regarding the recent acquisition of a retail center at Tyrone Square Mall in St. Petersburg, FL for $37.8M. Diaz Leyva represented the lender, Miami-based City National Bank of Florida.