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CBRE arranged the sale of a fully entitled multifamily development site in an East Orange, NJ neighborhood slated for a major transformation

Multifamily Development Site Changes Hands in East Orange

CBRE closed the $4.15-million sale of Hue Soul, a development site fully approved for 113 market rate residential units in East Orange, NJ. The CBRE team, led by Jeff Dunne, Stuart MacKenzie, Eric Apfel, and Travis Langer, represented seller Novus Landmark while also procuring the buyer. 

The site’s location within walking distance to both the Brick Church and East Orange train stations provides direct access to Manhattan in under 30 minutes and Newark’s Broad Street Station in approximately five minutes. Once completed, the development will offer first-class amenities including a large outdoor amenity deck with four separate seating areas. 

Dunne said, “The site offers excellent access to major employment centers in Newark to the east and Livingston, Roseland, Parsippany, Florham Park, and Morristown to the west. The immediate neighborhood, now called the Arts and Cultural District, is slated for a major transformation in the next 18 months, further attracting residents.” 


Inside The Story

CBRE's Dunne

About Paul Bubny

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. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).