The MSW Tax Credits & Incentives team recently secured a 25-year Payment in Lieu of Taxes (PILOT) agreement for the development of a new five-story, 65-unit residential building in Newark’s North Ward. The project will include 52 market-rate residential units and 13 affordable housing units, helping to expand housing opportunities within the community. Residents will also enjoy a variety of amenities, including a fitness center and resident lounge.
MSW attorney Benjamin Lindeman led the project team, working alongside Brendan Pytka, MSW’s Director of Tax Credits & Incentives, and paralegal Julie Prelich.
Congratulations to our team and all project stakeholders on reaching this important milestone. We are proud to support a development that will contribute to the continued growth and revitalization of Newark’s North Ward.
Murphy Schiller & Wilkes LLP (MSW) is a boutique law firm servicing the commercial real estate and construction industries. Headquartered in Newark, New Jersey, the firm represents a wide range of clients, including institutional, publicly traded real estate companies, international and regional lenders, national contractors and subcontractors, and family offices. The firm has been ranked as a top law firm by both Chambers & Partners and U.S. News & World Report.