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New Jersey Towns Can Begin Applying for Grants To Redevelop Empty Malls, Office Parks

State Program That Was On Hold During Pandemic Moves Forward
Pharmaceutical giant Merck's hexagonal former headquarters in Whitehouse Station, New Jersey, a rural site, is the kind of "stranded asset" that the New Jersey Economic Development Authority wants to see redeveloped. The vacant building was on the market several years before finally selling. (CoStar)
Pharmaceutical giant Merck's hexagonal former headquarters in Whitehouse Station, New Jersey, a rural site, is the kind of "stranded asset" that the New Jersey Economic Development Authority wants to see redeveloped. The vacant building was on the market several years before finally selling. (CoStar)
CoStar News
May 24, 2021 | 5:31 P.M.

After a delay because of the pandemic, New Jersey municipalities, counties and redevelopment agencies can now apply for state grants to help them redevelop or repurpose vacant and underutilized retail or office park properties.

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