It’s a muddy, brown cavity along Route 130 now, filled with construction vehicles and hard hats, but the first sticks of what will become a transit village are about to go up after years of planning and debate. The future Waterfront Community Development – a $300 million project – will eventually have its own light rail stop, 674 apartments, condominiums and townhouses in two- to four-story buildings divided into seven neighborhoods, and a range of commercial and retail spaces.
Mark Scott, president of the Livingston-based Commercial Mortgage Capital, said this month that his real estate finance firm has secured a $23 million construction loan for the first portion of the project, a four-building luxury apartment complex.
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