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<div style="display: flex; flex-direction: column; margin-top: 0.15rem; width: 200px; height: fit-content; align-items: left;
 justify-content: center; font-family: Inter,sans-serif; ">
 <img src="https://cf.reverecre.com/cdn-cgi/image/w=200,h=undefined,fit=scale-down/https://storage.googleapis.com/revere-user-uploads/project%2F0e5d999f-841a-46c1-b21c-70141b379f87%2F4ef2cf30-98d8-4df2-bc72-88fa3b040950" onerror="this.style.display='none'" alt="297 Ferry Street, North Ironbound Image" style="object-fit: cover; width: 200px;" />
 Multifamily 
 
 297 Ferry Street, North Ironbound
 
 Newark, NJ 
 By Avison Young

 <a href="/user/7aed3a97-05cd-4c19-a93e-3a915045d8c0" style="margin-top: 0.5rem; font-size: 10px; text-decoration: underline;">Jessica Gutowski</a>
 
 Marketing Coordinator, Capital Markets
 
 
 <a href="tel:(973) 753-1094" style="margin-top: 0.25rem; font-size: 10px; text-decoration: underline;">(973) 753-1094</a>
 

 <a href="https://platform.reverecre.com/project/0e5d999f-841a-46c1-b21c-70141b379f87" target="_blank" style="text-decoration: underline; color: #2E74B3; text-align: left; margin-top: 0.5rem">
 View Listing
 </a>
 </div>

Avison Young offers a comprehensive suite of commercial real estate services, including transaction, management, financial and advisory services. We’ve designed our corporate structure to best serve our clients by enhancing collaboration across our organisation.

Whether you are a user/occupier or an owner/investor, Avison Young is organised to deliver truly integrated solutions to meet your unique needs.

Because we recognise that, for most occupiers, the property burden represents the second highest cost and tends to be the biggest contingent liability, we focus on helping occupiers create property and workplace solutions that improve performance, increase competitiveness, adapt to changing markets and provide the optimum workplace environment for their staff.

- Consulting Services, Facility Management, Occupier Project Management, Occupier Solutions, Occupier Valuation and Advisory Services, Tenant Representation, Transaction Management

We add value right through the property lifecycle, from acquisitions to disposals, in a wide variety of sectors including: offices, retail, industrial and alternative sectors.

Our collaborative approach means we gain a more intimate understanding of the needs of owners and investors.  As a result, we can provide customised advice that underpins intelligent and informed decisions.

Agency Leasing, Capital Markets, Consulting Services, Debt and Mortgage Services, Investment and Asset Management, Investor Project Management, Net Lease, Property Management, Valuation and Advisory Services

Flexible Solutions, Hospitality, Industrial, Multi-Family, Office, Retail

Associations and Nonprofits, Automotive Properties, Data Centers, Healthcare, Life Sciences, Private Equity, Project Management Specialty, Senior Housing, Sustainability

Principal, Capital Markets Structured Finance/Investment Sales

Operations Manager

Marketing Coordinator, Capital Markets

Unlike the Hudson Waterfront, which faces ongoing Class A supply additions, North Ironbound is an established, high-density infill submarket. Parcel assemblage of this scale (supporting 228 residential units and 30,000 SF of retail) is exceptionally difficult due to small-lot ownership patterns, providing permanent structural barriers to entry and protecting Porto Lofts from localized oversupply.

The proposed 30,000-square-foot ground-floor retail footprint captures intense commercial demand along the bustling Ferry Street corridor. Positioned directly adjacent to Ferry Street Plaza’s high-volume grocery anchor, the retail component benefits from guaranteed daily foot traffic, enhancing overall project revenue, resident retention, and asset durability.

Porto Lofts offers developers and institutional investors an actionable path to deliver a landmark mixed-use asset in one of Northern New Jersey’s highest-performing transit submarkets. With strong rental growth dynamics, high baseline occupancy, and immediate grocery-anchored retail synergy, the project delivers an exceptional risk-adjusted yield profile and long-term capital appreciation.

Sales Team

Avison Young is pleased to present the opportunity to acquire and develop Porto Lofts, a proposed 228-unit institutional-quality mixed-use development featuring 30,000 square feet of prime ground-floor retail. Located in the highly sought-after North Ironbound section of Newark, New Jersey, Porto Lofts represents a rare, transit-oriented investment opportunity situated directly adjacent to Ferry Street Plaza—the dominant grocery-anchored retail center serving the submarket.

Overview

Investment Highlights

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Sales Team

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