Triangle Equities JV breaks ground on $500m mixed-use development in N.J.

Triangle Equities, with its co-investment partners Goldman Sachs, Basis Investment Group and co-developer Incline Capital, has broken ground on its $500 million, mixed-use redevelopment project, The Crossings at Brick Church Station, in East Orange, a suburb of Newark in Essex County, N.J.

It is considered one of East Orange’s largest-ever real estate development.

The ground-up project at 533 Main St. will be built in two phases, delivering approximately 200,000 square feet of retail, restaurants and commercial space, a pedestrian promenade and  public plaza, 820 mixed-income rental units, and a 1,200-space parking garage. The first phase of The Crossings is scheduled for completion in 2024. Its retail space pre-leased is more than 85 percent.