Real estate investment firm Paramount Assets recently broke ground on Netherwood Flats, a new mixed-use development in Plainfield, NJ. The four-story property will comprise 70 luxury apartment units, 4,000 square feet of ground-floor retail and underground parking.
The transit-oriented development is just steps away from NJ Transit’s Netherwood train station. It’s slated for delivery in spring 2021.
Netherwood Flats’ groundbreaking was attended by more than 100 guests, including Mayor Adrian O. Mapp, Plainfield City Council members and other city administration officials; Paramount Assets employees; and members of the general public.
“Netherwood Flats symbolizes an exciting new chapter in this neighborhood’s ongoing redevelopment,” said Richard Dunn, SVP of Elizabeth, NJ-based Paramount. “Our goal for this ground-up project is to create a mixed-use destination that elevates the City’s appeal while honoring its unique character. We’re thrilled to work in conjunction with Mayor Mapp and his administration to bring this vision to life.”
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
Email the Author
Reach over 250,000 Commercial Real Estate Professionals with Connect
Connect CRE reaches the top commercial real estate players nationwide and across all property types, offering you a variety of ways to showcase your team, your expertise and your brand to CRE decision makers.
The home for CRE news and everything you need to stay informed on deals, trends, and transactions, providing a platform to get your brand in front of your target audience.
Daily CRE Emails
Reaching over 150,000 inboxes across the nation every day, Connect’s Daily News emails provide advertising opportunities specific to your market.
Bi-Weekly Property Sector Emails
Focus your advertising on emails dedicated to your property sector and stay visible to current and potential clients.
Position your team as experts in your field with content created by Connect’s editorial team and published on Connect’s news emails. Showcase your intelligence and broaden your reach.