4-12-2023 2:00pm

JMF Properties Spearheads Extensive Development and Construction Projects in 2023

WHIPPANY, NJ – As JMF Properties, a leading commercial and residential development company in New Jersey, continues to expand its portfolio in 2023, the company is placing a strong emphasis on charity, community improvement, and support for local programming.

JMF and its partner entities are currently developing three retail properties in Morris County: Morris Marketplace in Morris Township, Hanover Town Center in Hanover Township, and Cedar Village in Hanover Township. In addition to these retail developments, JMF recently opened The American, a collection of 125 luxury rental residences in Morris Plains. More luxury communities, such as Clarus Morristown and Randolph Liberty Village, are set to break ground later this year.

Statewide, JMF has multiple projects in various stages of development and construction, including Clarus Berkeley Heights, an upscale rental community slated to open in 2024, and Harbor View Marketplace in Bayonne, where an LA Fitness will open this month. The latter will join existing waterfront retailers Costco, Starbucks, Lidl, and CVS.

In December, JMF helped open the new Franklin Lakes campus of REED Academy, a 24,000-square-foot school building designed to better serve New Jersey's autism community. JMF acted as the general contractor and provided financial support through its Founder and Principal, Joe Forgione, who is also a founding board member of REED Autism Services.

JMF and the Forgione Family have supported other educational initiatives, such as the Don Bosco Preparatory High School's Forgione Family Engineering Center in Ramsey. This state-of-the-art facility offers collaborative learning spaces and hosts the school's engineering club, robotics competition teams, and FIRST Tech Challenge teams. Additionally, JMF supports engineering education in New Jersey through programs and scholarships, like the Saverio "Sal" Iannaccone Scholarship for Excellence in Math and Science.

The company's commitment to charitable endeavors extends to supporting organizations, programs, and charities that improve the lives of New Jersey residents, including vulnerable populations. JMF has constructed and donated homes to Pillar Care Continuum and Arc/Morris County chapter, which provide housing and support services to individuals with disabilities. Mr. Forgione is also a long-term fundraiser for Employment Horizons Corp, an organization offering job training and placement services to people with disabilities and other barriers to employment. Furthermore, JMF supports the work of Cornerstone Family Programs & Morristown Neighborhood House.

For Mr. Forgione, partnering with community-based organizations is a natural extension of JMF's corporate citizenship, which emphasizes working closely with municipalities, improving public infrastructure, and enhancing neighborhoods.

For more information on JMF Properties and its current projects, visit www.jmfproperties.com.

About JMF Properties

"Under the leadership of Joseph M. Forgione and his 25 years of experience in the industry, JMF Properties has developed a reputation for creating residential, retail, and mixed-use communities of lasting value in some of the state's most desirable locations. Mr. Forgione has developed more than 2,500 residential units and multiple commercial and retail properties during his career, with more than a dozen current projects totaling over 3.5 million square feet of retail and 1,800 residential units, with another 3 million square feet under development. Projects range from transit-oriented developments to urban and suburban retail centers to sprawling office parks.

As a former long-time Commissioner of the New Jersey Sports and Exposition Authority, a graduate of civil engineering, and a member of the New Jersey Civil Engineers, Mr. Forgione understands the unique responsibilities and needs of all stakeholders involved in the development process, including local government officials, architects, construction managers, investment partners, community members, and end users. This holistic approach to development has been vital to JMF's success, allowing the company to identify under-valued assets, forge strategic partnerships, and develop dynamic residential and retail properties that enhance their host communities, including the first residential community designed for WELL certification in New Jersey.

Mr. Forgione believes in good corporate citizenship. He is a founding board member of REED Academy School for Autistic Children in Oakland, NJ, and a long-term fundraiser for Employment Horizons Corp, an organization that provides job training and placement services to people with disabilities and other barriers to employment. He constructed and donated five homes for Arc/Morris County chapter and recently constructed a group home for Cerebral Palsy of New Jersey, which he donated to the organization in 2020. He is a supporter of engineering education in New Jersey and Don Bosco Preparatory High School, where a new math, science, and robotics facility, the Forgione Family Engineering Center, opened in 2022. For more information, visit www.jmfproperties.com."