New Jersey Developer Goes Green
For over 50 years, Meridia- Capodagli Property Company has made a name for itself by investing where others are afraid to. Recently, the company proudly announced they are managing and developing eco-friendly and tech-savvy properties across New Jersey and have even expanded their property management services into Connecticut.
CAPODAGLI PROPERTY COMPANY
Where others fear to tread
With more than 50 years of experience, Capodagli Property Company continues to shake up the real estate sector with its series of high-quality, affordable property developments
Capodagli Property Company is a firm with a mission. Founded in 1970, the full-service real estate development, construction, and property management company has made a name for itself as a specialist in the creation of multi-family and mixed-use real estate projects. Defined by its ability ‘to envision thriving communities on barren parcels’, today Capodagli plays a major role in the redevelopment of cities throughout the State of New Jersey and surrounding locations.
Secretary of Housing Dr. Ben Carson Visits Capodagli Properties
George M. Capodagli, the founder and owner of Meridia Living and Capodagli Property Company founded his business in the seventies on one simple idea; invest where others are afraid to. Underserved towns and underprivileged inner cities are areas many developers do not want to invest in as these areas typically do not yield quick returns on investments. Capodagli, growing up in a so-called “Opportunity Zone ” himself knew firsthand that with a little bit of help, the forgotten areas have a great potential.
Two Plans; Development Could Turn Toms River Into New Jersey’s Major Next City
TOMS RIVER-Two plans on the table in Toms River could push the town of 92,000 people over the edge to become a full-fledged city. First the Downtown Toms River Redevelopment Plan calls for the development of apartments and condos in the Downtown area. A 500 unit hi-rise has already been approved by the township and drawings released by the township in February show several more hi-density hi-rise building to be built along Water Street.
Toms River downtown could get more than 500 apartments, stores, restaurant
TOMS RIVER – More than 500 apartments, retail space and a restaurant are part of an ambitious redevelopment plan for two parking lots in the township’s downtown area.
The Township Council approved a resolution June 25 to designate Capodagli Property Co. as the redeveloper for two Toms River-owned parking lots on Irons and Water streets.
Capodagli is adding to its fast-growing portfolio with new residential, hospitality projects
The plans were years in the making, but as Linden Mayor Derek Armstead recalled recently, the city never had the interest it needed to spark the revival of one of its main thoroughfares.
That changed about four years ago.
“Well, all of a sudden some guy named George Capodagli comes in and he says, ‘I think I want to make Linden my home,’ ” Armstead said. “And that’s exactly what he’s done. He came here when no one else would come into this town and develop, and he put up one of the nicest buildings that we have in town.”
Capodagli Property Co. Secures $31 million loan for Meridia Brownstones in Rahway, NJ
RAHWAY, NJ — Capodagli Property Co. has secured a loan for $31 million USD to construct the first phase of Meridia Brownstones. Though the initial phase will comprise 172 units, Meridia Brownstones will feature 487 unit at full build-out. The planned community in northern New Jersey will cover 6.5 acres and be located at 1900 Elizabeth Ave (three miles from the New Jersey Turnpike and twenty miles from Manhattan). Avison Young negotiated the loan in the form of a construction mortgage with Sterling National Bank, taking advantage of a 30-year payment in lieu of taxes (PILOT) incentive approved by the municipality in 2014.
Capodagli Property Co.
George Capodagli wants his apartment buildings to be like “Cheers” – a place where everybody knows everybody. “The theme of ‘Cheers was where everybody belongs,” the New Jersey developer says. “That’s what we’ve worked towards.”