Vermella New Brunswick will rise in Q4 2023 in the location of the former Sears department store. It will consist of two mixed-use buildings with 20,000 square feet of retail and 531 market rate units in a mix of studios, one, two and three bedroom apartment homes, some featured added den space. The community will also feature 168 townhomes and a dynamic clubhouse with amenities. The project is a JV with Transformco and includes a 23,000 square foot retail space.