“The past 12 months have brought the passage of several key pieces of legislation expected to dramatically alter the real estate development process in the Garden State. But while industry insiders have overall cheered these changes, questions still need to be answered — and more still needs to be done, they say.” “There’s been a dramatic sea change in the way New Jersey is going about pursuing real estate development and economic development,” said Ted Zangari, a redevelopment attorney at law firm Sills Cummis & Gross, in Newark. The article continues, “The new legislation will help to reduce permitting delays, narrow project financing gaps arising from the extra costs of redevelopment and relieve developers of affordable housing fee obligations, among other changes, he said.”
