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Kushner Cos. has picked up two loans totaling $415M to demolish part of Monmouth Mall in Eatontown, New Jersey, and redevelop it into a mixed-use hub.

The New York-based firm began work May 9 on a project to remake the aging mall into Monmouth Square under its new apartment brand, Livana, a combination of “live” and “nirvana,” GlobeSt reported.

Located an hour north of Philadelphia, Monmouth Square will include retail and 1,000 apartment units, 125 of which are set aside for affordable housing.