$41M redevelopment will bring 153 apartments,
two-story parking garage & 4,800 square of retail to Downtown Carteret
CARTERET, NJ – 21 Washington, a mixed-use development consisting of 153 apartments, a two-story parking garage and 4,885 square feet of first-floor retail, broke ground in the borough’s Downtown Cultural Arts & Business District.
Across Washington Avenue from URSB Carteret Performing Arts & Events Center, the $41 million project will include studio, one-bedroom and two-bedroom units, said Tyler Kalian, vice president of development for Kalian Companies, co-developer with Epstein Family Investments.
“The Kalian and Epstein partnership is proud to be developing this exciting development that will continue the growth and progress of the Carteret Arts District,” Kalian said.
Kalian Companies operates 29 Washington, a mixed-use property with 64 luxury units and 12,500 square feet of retail directly across Washington Avenue from the arts center.
One of several planned downtown and waterfront multi-use properties, 21 Washington is expected to be completed in early 2025 as part of a $300 million redevelopment plan comprising mixed-use buildings and more than 30,000 square feet of commercial space, Mayor Daniel J. Reiman said.
“Downtown Carteret is a smart-growth redevelopment area that is now thriving,” Mayor Reiman said. “Carteret is quickly becoming one of the most desired locations for New Jersey residents to call home. New residential and commercial opportunities, combined with Carteret’s upcoming ferry service, the Performing Arts and Events Center, upgraded parks, stable tax rates, and tremendous diversity solidify Carteret as a great place to live, work, and raise a family.
Updates about 21 Washington will be available at Carteret.net or by following @MyCarteret on Facebook, Instagram, and Twitter.