FBT Gibbons Represents Bijou Properties in $40 Million Construction Loan
FBT Gibbons is representing Bijou Properties in a matter that could bring an 89-unit luxury apartment building next to NJ Transit’s Morristown station. The planned project – that has been in the works for years – is set to include 76 market-rate and 13 affordable housing units, in addition to 5,000 square feet of ground-floor retail space.
The five-story building is slated to be constructed on the triangular parcel at One Lackawanna Place.
In addition to the loan, FBT Gibbons represented Bijou Properties on the acquisition of the several lots that comprise the project, which included obtaining a vacation by the Town of Morristown of a portion of a public right-of-way to make the project feasible.
FBT Gibbons team included Andrew Camelotto, Israel Pollack, Adam Morsy, Griselda Hodaj, and Alexander Morganstern.
FBT Gibbons’ real estate team is more than 100 strong – representing developers, owners, equity investors, home builders, lenders government entities and other real estate professionals in all aspects of real estate ownership, finance, development, management and disposition.
About FBT Gibbons
FBT Gibbons LLP is a national law firm focused on serving companies operating and investing in the middle market. With nearly 800 lawyers across 25 offices, the firm is positioned to support clients ranging from large multinationals to mid-sized businesses and growth-oriented startups across the United States. FBT Gibbons provides legal counsel enriched with valuable business and market context, particularly in corporate, litigation, and regulatory matters within the energy, finance, life sciences, and manufacturing sectors. The firm is committed to delivering excellent service to its clients, colleagues, and the communities in which it operates. To learn more, visit FBTGibbons.com.
