50+ Years · Mid-Atlantic Real Estate · 1962–2025
Track Record

34 completed projects across multifamily, retail, office, industrial, mixed-use, and specialty — delivering over $1.2B in cumulative project value across New Jersey, Pennsylvania, and New York.

📊 34 Completed Projects
💰 $1.2B+ Total Delivered Value
🏗️ 10M+ Square Feet Developed
📍 NJ · PA · NY · Mid-Atlantic Region
Portfolio at a Glance
Multi-Family18 Projects
Retail / Commercial8 Projects
Office4 Projects
Specialty (Condo/SFH)2 Projects
Mixed Use1 Project
Industrial1 Project
Total Units (Residential)2,500+ units
Avg Hold Period3.5 years
Multi-Family
18
Projects · 2,500+ units
Retail
8
Projects · 1M+ SF
Office / Industrial
5
400K+ SF delivered
Mixed Use
1
Jersey City waterfront
Specialty
2
Condos + SFH
Filter by type:
34 projects shown Total portfolio value: $1.2B+
#1 Wesley Towers
Multi-Family
$68.5M · 220 units
444 Mount Prospect Ave, Newark, NJ 07104
A 16-story, 220-unit senior housing development in Newark, designed by SJ Kessler & Sons (1962–1963) and financed via HUD Section 202. Axria contributed construction oversight, stakeholder coordination, and loan documentation to deliver the asset on schedule and compliant with financing requirements. The 1.67-acre site in the Forest Hill submarket includes 100 surface parking spaces (0.36/unit) and a mix of studios, one- and two-bedroom apartments averaging 614 SF.
Units: 220Value: $68.5MSize: 614 SF avgSite: 1.67 acresFinancing: HUD Section 202
#2Cornell Arms
Multi-Family
$21.45M · 69 units
735 Park Ave, Plainfield, NJ 07060
A six-story, 69-unit masonry apartment building completed in 1964. Designed by SJ Kessler & Sons, the development occupies a 1.49-acre site (1.04 FAR) yielding 46 units/acre. Apartments average 611 SF with studio, one- and two-bedroom layouts, each with air conditioning, balcony, heating, full kitchen, and walk-in closets. 62 surface parking spaces. Executed in conjunction with Pingry stakeholders.
Units: 69Value: $21.45MSize: 611 SF avgSite: 1.49 acresYear: 1964
#3Pingry Arms
Multi-Family
$21.45M · 69 units
145-157 E 7th St, Plainfield, NJ 07060
Two five-story masonry apartment buildings comprising 69 units developed 1963–1964, replacing original residential structures. Financed via FHA Section 207. Designed by SJ Kessler & Sons on a 0.73-acre site with internal first-floor parking. Studio, one- and two-bedroom layouts with controlled-access entry and on-site property management in the Western Union County submarket.
Units: 69Value: $21.45MBuildings: 2 towersSite: 0.73 acresFinancing: FHA Section 207
#4Parkway House
Multi-Family
$31.1M · 100 units
926 Bloomfield Ave, Glen Ridge, NJ 07028
A nine-story, 100-unit masonry rental apartment building completed 1963–1964 with FHA Section 207 financing. Notably, in 1983 the property was converted to New Jersey's first FHA Section 207 cooperative, with Axria overseeing unit sales. Zoned R5, the 1.77-acre site (FAR 1.59; 56 units/acre) offers 150 surface parking spaces, air conditioning, dishwashers, and washer/dryer hookups.
Units: 100Value: $31.1MParking: 150 spacesSite: 1.77 acresMilestone: NJ's first FHA 207 Co-op (1983)
#5Reynolds Terrace
Multi-Family
$40.5M · 130 units
248 Reynolds Ter, Orange, NJ 07050
A nine-story, 130-unit affordable apartment development built 1964–1965, designed by Potter & Potter with FHA Section 221(d)(3) financing. The 1.46-acre property (89 units/acre) features 859 SF average unit size across studios, one- and two-bedroom layouts with air conditioning and walk-in closets. 150 surface parking spaces and walkable commuter rail access nearby.
Units: 130Value: $40.5MSize: 859 SF avgSite: 1.46 acresFinancing: FHA Section 221(d)(3)
#6Towne House Apartments
Multi-Family
$21.45M · 69 units
666 W 7th St, Plainfield, NJ 07060
A two-story, 69-unit multifamily complex across three buildings, designed by Potter & Potter and constructed 1966–1967. On a 1.71-acre site (FAR 0.70, 40 units/acre). Unit mix: 6 studios, 55 one-bedroom, 8 two-bedroom averaging 753 SF. 38 surface parking spaces. Proximity to Plainfield and Netherwood NJ Transit commuter rail stations.
Units: 69Value: $21.45MSize: 753 SF avgBuildings: 3Year: 1967
#7Garwood Mall
Retail
$30.1M · 86,000 SF
300 South Ave, Garwood, NJ 07027
An 86,000 SF neighborhood retail center developed on a 6.58-acre site, completed 1969–1971. Built on the site of the former Thatcher Furnace factory (demolished), with architect Abraham Goodman. Includes 390 surface parking spaces (4.5 per 1,000 SF) and 765 feet of South Ave frontage. Three minutes from Garwood rail station; achieved full occupancy.
Size: 86,000 SFValue: $30.1MSite: 6.58 acresParking: 390 spacesYear: 1971
#8J Connor French Apartments
Multi-Family
$47M · 151 units
630 W State St, Trenton, NJ 08618
An 11-story, 151-unit HUD Section 202 senior housing community in Trenton, completed 1971–1972, designed by Thomas Mangan. Financed via HUD Section 202 contract with the Trenton Housing Authority. The 1.31-acre site (115 units/acre) features controlled-access lobbies, elevators, and laundry facilities. Proximity to Trenton Transit Center. Trenton's first HUD Section 202 community — continues at high occupancy.
Units: 151Value: $47MSize: 502 SF avgSite: 1.31 acresMilestone: Trenton's first HUD 202
#9Inman Plaza
Retail
$10.5M · 30,000 SF
938–968 Inman Ave, Edison, NJ 08820
A 30,000 SF neighborhood retail strip center designed by Glucksman & Guzzo, delivered in 1973. The project replaced an existing supermarket to create a modern retail hub. The single-story masonry structure on a 0.46-acre parcel offers 50 surface parking spaces (5.21 per 1,000 SF) and 101 feet of street frontage.
Size: 30,000 SFValue: $10.5MParking: 50 spacesYear: 1973
#10Cambridge Hall
Multi-Family
$28M · 90 units
Ewing Township, Mercer County, NJ
A seven-story, 90-unit condominium in Ewing Township, value-engineered by architect FJ Spiezle. One and two-bedroom layouts on a 4.23-acre site (FAR 0.81) with 153 surface parking spaces (1.7/unit). Amenities include controlled access, elevator, clubhouse, pool, fitness, and 24-hour entry. Positioned near Trenton Transit Center — one of Mercer County's most successful condominium projects.
Units: 90Value: $28MType: CondominiumSite: 4.23 acresParking: 153 spaces
#11Ann J. Ferguson Towers
Multi-Family
$46.5M · 150 units
1601 Dill Avenue, Linden, NJ 07036
An 11-story, 150-unit HUD Section 202 senior housing community in Linden, developed 1975–1976 by architect Thomas Mangan. Total cost $18M at time of delivery. Axria secured municipal approvals and low-cost HUD financing with the Linden Housing Authority on the 3.00-acre site (50 units/acre). Upon completion, handed off to the Authority — establishing Linden's first senior Section 202 community, which continues to operate successfully.
Units: 150Value: $46.5MSite: 3.00 acresMilestone: Linden's first senior Section 202
#12Bethany Manor
Multi-Family
$65.3M · 210 units
500 Broad St, Keyport, NJ 07735
An 11-story, 210-unit senior housing community in Keyport, designed by Thomas Mangan and completed 1975–1976 under HUD Section 202. The 2.31-acre property offers 922 SF average unit size across studios, one- and two-bedroom layouts. Amenities include controlled-access entry, elevators, communal laundry, and clubhouse. Positioned in the Aberdeen/Hazlet submarket — one of Monmouth County's premier senior housing developments.
Units: 210Value: $65.3MSize: 922 SF avgSite: 2.31 acresFinancing: HUD Section 202
#13Edward Murawski Towers
Multi-Family
$34.2M · 110 units
1533 Dill Ave, Linden, NJ 07036
An 11-story, 110-unit senior housing community in Linden, designed by Thomas Mangan and built 1978–1979 via HUD Section 202. The 2.16-acre building (FAR 1.15) features controlled-access entry, elevators, communal laundry, and meeting spaces. Handed off to the Authority upon completion — establishing Linden's newest Section 202 community and one of the county's most successful HUD-funded developments.
Units: 110Value: $34.2MSite: 2.16 acresFinancing: HUD Section 202Year: 1979
#14Florham Park Plaza
Retail
$17.1M · 48,926 SF
176 Columbia Turnpike, Florham Park, NJ 07932
A 48,926 SF neighborhood retail center designed by Glucksman & Guzzo, developed 1979–1980. Single-story masonry on a 6.55-acre site (FAR 0.17) with 348 surface parking spaces (7.12/1,000 SF) and 409 feet of frontage. Originally named Loehmann's Plaza after the anchor tenant (women's apparel). High-visibility signage and traffic exposure support sustained retail performance.
Size: 48,926 SFValue: $17.1MParking: 348 spacesSite: 6.55 acresYear: 1980
#15Menlo Manor
Multi-Family
$68.5M · 220 units
1061 Inman Ave, Edison, NJ 08820
A five-story, 220-unit senior cooperative housing project in Edison, completed 1979–1980. Designed by Potter & Potter and financed under HUD Section 202 Co-op. As the first phase of the final Urban Renewal Project in the United States, Axria identified and assembled the 11.54-acre site, secured municipal approvals, and delivered the community with one-bedroom layouts averaging 1,000 SF and expansive wraparound greenscaping — setting a benchmark for affordable senior housing.
Units: 220Value: $68.5MSite: 11.54 acresSize: 1,000 SF avgMilestone: Final US Urban Renewal Project
#16Asbury Tower
Multi-Family
$108.5M · 350 units
1701 Ocean Ave N, Asbury Park, NJ 07712
A 26-story, 350-unit high-rise completed 1981, designed by Hippolyte Komenka — the first major high-rise financed under NJHMFA's inaugural high-rise financing program, supported by PHS. The steel-frame tower on a 2.01-acre parcel (FAR 7.77) offers studio and one-bedroom apartments averaging 571 SF with balconies, in-unit washer/dryer hookups, and controlled-access lobbies. Axria's largest completed residential asset by unit count.
Units: 350Value: $108.5MFloors: 26 storiesSize: 571 SF avgMilestone: First NJHMFA high-rise financing
#17John J. Curry Apartments
Multi-Family
$33M · 106 units
220 E. Fourth St., Lakewood, NJ 08701
A six-story, 106-unit HUD Section 202 Independent Living senior housing community in Lakewood, designed by Thomas Mangan and delivered in 1982 under contract with the Lakewood Housing Authority. The masonry structure on a 1.9-acre PH-1 zoned site features studio and one-bedroom layouts with handicap access, transportation services, and an all-pets-considered policy. Maintenance garage, paved driveways, and surface parking.
Units: 106Value: $33MSite: 1.9 acresFinancing: HUD Section 202Year: 1982
#18David Chavis Apartments
Multi-Family
$47.2M · 152 units
230 Kingston Ave, Brooklyn, NY 11213
An eight-story, 152-unit masonry senior housing property in Brooklyn, completed 1982 under HUD Section 202. The 1.93-acre site (FAR 1.48, 79 units/acre) features studios (325 SF), one-bedrooms (600 SF), and two-bedrooms (850 SF) averaging 586 SF with a landscaped courtyard, elevators, and controlled access. Proximity to Kingston and Nostrand Avenue subway lines. Axria's only completed New York City project.
Units: 152Value: $47.2MSize: 586 SF avgLocation: Brooklyn, NYFinancing: HUD Section 202
#19Pheasant Run Plaza
Retail
$35.9M · 101,706 SF
177 Washington Valley Rd, Warren, NJ 07059
A 101,706 SF neighborhood center in Warren developed 1982–1983, designed by Glucksman & Guzzo. Currently anchored by ACME (19,686 SF), Walgreens (15,000 SF), Orangetheory Fitness (5,700 SF), Sally G's (3,500 SF), and Kessler Rehabilitation Center (2,680 SF). Sited on 13.83 acres (FAR 0.17) with 544 surface parking spaces (5.35/1,000 SF). Route 78 East submarket, near Dunellen and Plainfield rail stations.
Size: 101,706 SFValue: $35.9MSite: 13.83 acresAnchors: ACME · Walgreens · Orangetheory
#20Inman Grove
Retail
$41.6M · 118,804 SF
1125 Inman Ave, Edison, NJ 08820
A 118,804 SF neighborhood retail center in Edison, developed through the 1978–1983 Urban Renewal program. Axria secured zoning and plat approvals for the 14.93-acre former renewal district under architect Richard Potter's master plan. Single-story masonry center with 700 surface parking spaces (6.07/1,000 SF) and 633 feet of Inman Avenue frontage. Continues to operate at high occupancy as a vibrant retail hub.
Size: 118,804 SFValue: $41.6MSite: 14.93 acresParking: 700 spacesProgram: Urban Renewal
#21Elkridge Condominium
Specialty
$38M · 68 units
201 Ambassador Dr, Red Bank, NJ 07701
A pet-friendly townhouse-style condominium community of 68 units in Red Bank, developed 1984–1985 with architect Gorski & Waldron. On a 7.64-acre site, unit configurations span two- and three-bedroom layouts (1,550–2,200 SF); select end units feature four bedrooms, basements, and one-car garages. Following entitlements and design approvals, the project achieved a structured full sell-out within 12 months. Clubhouse and outdoor pool amenities; proximity to downtown Red Bank and NJ Transit.
Units: 68Value: $38MSize: 1,550–2,200 SFSite: 7.64 acresOutcome: Full sell-out within 12 months
#22Diamond Hill
Specialty
$70.5M · 124 homes
Diamond Hill Rd, Berkeley Heights, NJ 07922
A single-family residential subdivision of 124 homes in Berkeley Heights, delivered 1982–1987. The parcel was purchased from a private trust; Axria secured municipal approvals, installed all infrastructure (roads, water, sewer, utilities), and constructed homes averaging 2,150 SF on individual 0.78-acre lots. Each unit features a one-car garage, basement, and full kitchen. Proximity to Governor Livingston High School and Union County transit. Axria's largest single-family development.
Homes: 124Value: $70.5MSize: 2,150 SF avgLot: ~0.78 acres eachDuration: 1982–1987
#23Bennetts Mills Plaza
Retail
$44.5M · 127,230 SF
2275 W County Line Rd, Jackson Township, NJ 08527
A 127,230 SF neighborhood retail center in Jackson Township, completed 1987. Single-story masonry on a 14.00-acre parcel with 491 surface parking spaces (3.86/1,000 SF). Strong signage and façade treatments highlight tenant branding. Vehicular access from County Line Road provides convenient ingress and egress. Currently operates at 100% occupancy — a retail hub for Jackson Township residents.
Size: 127,230 SFValue: $44.5MSite: 14.00 acresParking: 491 spacesOccupancy: 100%
#24Calhoun St Trenton Scattered Housing
Multi-Family
$9M · 60 units
Calhoun St at Side Street, Trenton, NJ
A 60-unit project completed 1999 combining gut renovation of existing row houses with demolition of deteriorated structures and replacement via factory-built modular units supplied by Delux Homes. Axria negotiated a redevelopment agreement with the City of Trenton and arranged financing through conventional debt and public subsidies. Historic brick facades were preserved on renovated buildings; modular units were installed on precast concrete foundations.
Units: 60Value: $9MType: Modular + Gut RenovationYear: 1999
#25East Windsor Village Mall
Retail
$87M · 248,727 SF
72 Princeton Hightstown Rd, East Windsor, NJ 08520
A 250,000 SF community shopping center developed 1998–2000 with architect Diezt on a 17.39-acre parcel. Currently anchored by Target (126,200 SF), T.J. Maxx (30,000 SF), Patel Brothers (22,310 SF), and Kohl's (30,000 SF) with 600 surface parking spaces. Equity was syndicated from institutional investors; lease-up achieved stabilized 96.5% occupancy. Sold in 2002 to Kimco Realty Corporation for $24.2M — Axria's largest retail exit.
Size: 248,727 SFValue: $87MSite: 17.39 acresAnchors: Target · TJ Maxx · Kohl'sExit: Sold to Kimco Realty (2002)
#26Carroll St. Restoration
Multi-Family
$4.5M · 30 units
Carroll St, Trenton, NJ
A historic restoration transforming a block of Carroll Street row houses into 30 duplex units, delivered 2000–2002. Architect Minno & Wasko led; acquisition was negotiated from the City of Trenton, followed by environmental remediation, demolition of interior structures, and restoration of original brick facades. Each building functions as a two-story duplex — owners purchased upper floors while first-floor apartments were leased as affordable two-bedroom units.
Units: 30 duplexesValue: $4.5MType: Historic RestorationYear: 2002
#27Hopewell Commons
Retail
$47.2M · 135,000 SF
800 Denow Rd, Pennington, NJ 08534
A single-story, 135,000 SF neighborhood retail center in Pennington, developed with architect Dietz and delivered in 2002. The masonry-clad building provides flexible bay configurations served by 500 surface parking spaces (~3.7/1,000 SF). Positioned at a signalized intersection with high visibility and regional transit access, the center achieved full occupancy upon opening and continues to operate as a hub for Pennington residents.
Size: 135,000 SFValue: $47.2MParking: 500 spacesYear: 2002Occupancy: Full upon opening
#28Washington Pointe
Mixed Use
$17M · 42 units + Retail
253 Washington St, Jersey City, NJ 07302
An eight-story, 42-unit condominium development with two ground-floor retail bays (4,400 SF Hot Pod café, leased through 2039) in Jersey City's Waterfront Submarket. Delivered by Co-General Partnership 2007–2010 for $17M. Prior office building was demolished; new building constructed ground-up on a 0.04-acre footprint (10.90 FAR). Walk Score 97, Transit Score 83. Visible from Exchange Place. Achieved full sell-out upon completion.
Units: 42 condos + 4,400 SF retailValue: $17MFAR: 10.90Outcome: Full sell-out on completion
#29100 Franklin
Office
$17.5M · 106,998 SF
100 Franklin Sq Dr, Somerset, NJ 08873
A four-story office property (built 1984) in Somerset's Route 287 West submarket on a 5.82-acre site with 180 parking stalls. Axria (as GP/GC) acquired in 2012 and executed a deep value-add renovation through 2017 — lobby modernizations, HVAC and roof replacement, corridor upgrades, facade repairs, and wayfinding enhancements. Re-leased 20,000 SF to Raritan Valley Surgery Center; secured renewals with PrimeWork and BDM Consulting. Sold upon stabilization 2017.
Size: 106,998 SFValue: $17.5MHold: 2012–2017Strategy: Value-Add Renovation + Re-leasing
#303490 US-1
Industrial
$9M · 105,000 SF
3490 US-1, Princeton, NJ 08540
A single-story, 105,000 SF flex property on an 11.71-acre site in Princeton. Axria acquired the underutilized service center in 2018 for $9M and led a full gut-up, demolition, shell reconstruction, and targeted renovation through 2019–2020. Repositioning introduced modern infrastructure including 24-hour access, EV charging stations, integrated conferencing, and 300 surface parking stalls. Zoned B-2 for flexible industrial, office, and medical use. Asking rents $18/SF/YR + utilities. Proximity to Princeton Junction (7 min drive).
Size: 105,000 SFAcquisition: $9M (2018)Site: 11.71 acresParking: 300 spacesZoning: B-2 Flex
#31230 Davidson
Office
$12M · 18,040 SF
230 Davidson Ave, Somerset, NJ 08873
A two-story, 18,040 SF office property in Somerset's Route 287 West submarket. Originally built 1980, renovated 2010. Axria acquired at bank foreclosure in 2019 for $1,800,000 and executed a full gut-up and value-add renovation to modernize finishes and systems. On a 4.84-acre site (FAR 0.09) with 72 surface parking spaces (4.00/1,000 SF). Achieved full lease-up following renovation; remains under Axria ownership.
Size: 18,040 SFValue: $12MAcquisition: $1.8M (foreclosure, 2019)Site: 4.84 acresStatus: Axria-owned, fully leased
#32100 Davidson
Office
$15M · 64,709 SF
100 Davidson Ave, Somerset, NJ 08873
A three-story, 64,709 SF office building in Somerset's Route 287 West submarket, originally built 1979. Axria acquired in March 2023 ($77.27/SF) when 54.1% leased and completed a deep value-add renovation through 2025 — reconfiguring interiors into office condominium units (836–29,722 SF), modernizing common areas, and upgrading MEP systems. Two passenger elevators; 258 parking spaces (3.40/1,000 SF). Condo sales program launched; units available for lease.
Size: 64,709 SFValue: $15MAcquired: 2023 at $77.27/SFStrategy: Office Condo ConversionSite: 3.06 acres
#33Axria Building (HQ)
Office · HQ
$15.8M · 62,242 SF
399 Hoes Ln, Piscataway, NJ 08854
A 62,242 SF three-story office property in Piscataway's Route 287 East submarket, constructed 1985. Axria acquired the fully vacant building from Hapag-Lloyd in July 2023 for $3.8M and repositioned it through deep value-add renovation — converting suites into modern offices with controlled-access entry, upgraded MEP systems, and enhanced amenities. Now serves as Axria's corporate headquarters. Remains under company ownership and management. 256 surface parking spaces (4.11/1,000 SF).
Size: 62,242 SFValue: $15.8MAcquisition: $3.8M (2023, fully vacant)Site: 4.60 acresStatus: Axria HQ · Company-owned
#34Franklin Downtown
Multi-Family
$21M · Office-to-Resi
15 S Franklin St, Wilkes-Barre, PA 18701
A ten-story, 50,000 SF historic 1920 office building in Wilkes-Barre, PA converted to market-rate residential apartments — Axria's most recently completed project (2025). Axria secured C-3 zoning amendments, led a full gut-up of core and shell, installed modern MEP systems, added two new elevators, and reconfigured the building into market-rate apartments. The firm secured all construction and permanent financing, managed all entitlements and design approvals, and delivered to Certificate of Occupancy. Building retains its historic 1920 masonry facade. Axria continues to own and directly manage the asset.
Size: 50,000 SFValue: $21MType: Office-to-Residential ConversionCompleted: 2025Status: Axria-owned
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Total Projects
34
Cumulative Value
$1.2B+
Residential Units
2,500+
Retail/Office SF
1M+ SF
States Delivered
NJ · PA · NY
Avg Hold Period
3.5 yrs

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See Axria's 5 active projects currently seeking equity — from the $221M National Newark Building to the 342-unit Luxury Lofts.

Track Record · Historical Completed Projects
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Property values shown represent estimated current market value or final project delivery value, not original development cost. Completed project data is sourced from Axria's internal records and the AXRIA TRACK RECORD documentation (updated April 2026).

Junaid Ahmed — Vice President · junaidA@axria.com · +1 281 425 9981
Headquarters: 399 Hoes Ln, Piscataway, NJ 08854 · +1 732 809 8000 · info@axria.com