The Ivy of Chatham Wins Uli Excellence Award

CHATHAM, NJ – The Ivy, the luxury rental community that opened in December at 2 River Road in Chatham, was recently named an Excellence Award winner by the Urban Land Institute (ULI).

An awards committee from the ULI’s Northern New Jersey Chapter selected The Ivy to receive the 2024 Excellence Award in the category of suburban development. The Ivy’s developer BNE Real Estate Group, architect Minno & Wasko Architects and Planners, and landscape architect Bohler were all recognized for their work on the community.

The ULI’s Excellence Awards is a highly selective program juried by a multidisciplinary panel that typically consists of developers, planners, architects, public officials, community representatives, and other professionals. It recognizes truly superior development projects in the private, public and nonprofit sectors. Winning projects represent the highest standards of achievement in the industry.

The 2024 winners were selected for their “steadfast dedication to fostering sustainable development that builds stronger communities,” Mara Winokur, Executive Director of ULI Northern New Jersey said in a statement. The Ivy fit the criteria by delivering 245 new rental residences to a previously underutilized property, helping to diversify Chatham’s housing supply, increase tax revenue, and encourage long-term, sustainable, transit-oriented uses.

“We are honored that the Urban Land Institute selected The Ivy to receive this prestigious award,” said Jonathan Schwartz, Partner at BNE Real Estate Group. “The Ivy is a good example of the type of forward-thinking development that is possible in New Jersey’s suburban communities, one that takes the resident lifestyle experience to the next level, serves the needs of today’s renters, and provides an overall economic benefit to the host community.”

The Ivy is currently leasing and available for immediate occupancy. Residents enjoy spacious layouts with upscale finishes and appointments and access to a curated collection of more than 34,000 square feet of indoor and outdoor amenities.

ABOUT BNE REAL ESTATE GROUP

With over 70 years of real estate development experience, BNE Real Estate Group is a national, family-owned organization that is firmly committed to creating exceptional living experiences for its residents. Its distinguished portfolio of properties includes the development of tens of thousands of homes, more than 1 million square feet of commercial space, and the ownership and ongoing management of nearly 8,000 apartments, with communities stretching from the Tri-state area south to Florida, and west to Texas.