Triangle Equities and Incline Capital have closed a $133.5 million recapitalization of construction financing for The Crossings at Brick Church Station, a key mixed-use development aimed at revitalizing downtown East Orange, NJ.

Target Information

Triangle Equities and Incline Capital have successfully completed the recapitalization of construction financing for the first phase of The Crossings at Brick Church Station, a transformative mixed-use development located adjacent to NJ Transit’s historic Brick Church Train Station in East Orange, NJ. This project aims to reshape the downtown area by delivering approximately 1,000 new residences and over 200,000 square feet of retail space, fulfilling a critical need for housing and commercial services in the region.

The first phase of the development includes the 'Embark at The Crossings' residential building, featuring a grocery-anchored retail component that highlights a full-service ShopRite supermarket alongside community-oriented businesses like Newark Community Health Center, Dunkin’ Donuts, Ashley Stewart, Rita’s Italian Ice, and Angel Nails. The project signifies a substantial investment in East Orange's future, anticipating more retail announcements in the near term.

Industry Overview

The real estate market in East Orange, NJ, stands to benefit significantly from ongoing urban revitalization initiatives. The region is experiencing a renewed focus on creating mixed-use developments that blend residential living w