So, you just opened Newark's first new office tower in more than 20 years — what do you do for an encore? If you're Steve Pozycki, you go even bigger.
That's exactly what SJP is doing with Prudential Financial's new skyscraper in the Brick City. Since last year, Pozycki's firm has started raising steel on the $444 million building, while cutting the ribbon on Panasonic's new U.S. headquarters just a few blocks away.
You can count on one hand the number of developers who are building office space in New Jersey, and SJP's pipeline still includes Pearson's new headquarters in Hoboken. And we don't doubt that more high-profile commercial projects are in store for this New Jersey powerhouse, especially with the expansion of the state incentive programs that SJP leveraged so well with the Panasonic, Pearson and Prudential projects.
Also worth noting is the work that's progressing in Fort Lee, where an SJP-led team is building two 47-story residential towers in the shadow of the George Washington Bridge. The Modern, as the $500 million project is called, broke ground last fall at a site that borough officials spent 40 years trying to develop.
By our count, that means Pozycki has more than $1 billion worth of active construction under way in New Jersey.