General Info:
Applied Development Company has a distinguished history of developing and revitalizing established urban centers. Applied and its principals have developed thousands of residential units and hundreds of thousands of square feet of commercial, and the company continues to own and manage the overwhelming majority of this portfolio. In addition, Applied is currently engaged in the active development of over $1 billion of residential and commercial real estate. Applied's expertise and strength are in its ability to successfully plan and execute the development of complex, multi-faceted projects. The company works closely with local, state and federal agencies, as well as architectural, engineering, environmental and construction firms to achieve its goals. Applied's decades of experience in acquiring, planning, financing, constructing, and managing large-scale developments has made the company a leader in the industry. Some of Applied's notable recent projects include: The Shipyard, a mixed-use development of 1, 160 residences, 65, 000 square feet of retail shops, a one-acre park, ferry stop and marina on the Hudson Riverfront in Hoboken; Port Liberte, a 1, 650-unit waterfront condominium community facing the Statue of Liberty in Jersey City; 333 River Street, 526 premium rental residences and retail shops along Hudson River facing Manhattan in Hoboken; Pier Village, a Victorian-inspired village featuring 543 luxury rental residences, a boutique hotel and 100, 000-plus square feet of entertainment and lifestyle retail shops, including a beach club, gourmet restaurants and boutique shops on the oceanfront in Long Long BranchNJ; Liberty National, a one-of-a-kind championship caliber golf course on the Jersey City waterfront directly across from the Statue of Liberty; The Bungalow Hotel, a boutique hotel featuring 40 stylish guest rooms at the oceanfront in Long Branch; and 225 Grand Street, two super premium rental buildings that contain over 850 luxury apartments and 50, 000 square feet of retail space in downtown Jersey City; The W Hoboken Hotel & Residences, an iconic new 25-story hotel featuring 225 guest rooms and 40 condominium residences on the Hoboken waterfront; and 50 Columbus, a 400-unit super luxury rental building in the Grove Street section of Jersey City. Some noteworthy properties in the pipeline include W Marrakech Hotel & Residences, a 150-room hotel and 50 whole-ownership villa units as part of a luxurious, mixed-use development in Marrakech, Morocco and Harrison Commons, a New Urbanist Master Planned community that will feature over 3, 000 luxury residences and 90, 000 square feet of retail space in a pedestrian-friendly atmosphere in Harrison. As a further testimonial to the firm's reputation for quality and its ability to successfully complete large scale developments, Applied has been awarded the designation of redeveloper in a number of communities throughout New Jersey including Hoboken, Jersey City, Harrison, New Brunswick, Trenton, Morristown, East Orange, and Long Branch to name a few. In addition, realizing that development is only the beginning of a successful investment strategy, Applied has an expert property management division in place to maintain and position its projects. A long-term approach to developing, owning and managing real estate assets has made Applied an active member of every community in which it develops. Applied remains committed to the long-term success of its communities and to the needs of its residents, long after construction ends. "I have had the opportunity to work with Applied for many years, and I can tell you from experience that Applied is creative, capable and, above all, committed to doing the job right."Fred Bado, Director of Community Development Development HobokenNJ