Accurate’s pipeline is surging, with an aggressive (but long-term) approach to development

Cahn PR client Jack Klugmann graces the cover of Real Estate NJ’s February issue, with his fast-growing development firm, Accurate, profiled inside.

A sore subject? Not at all. But it’s certainly a recurring theme and perhaps a running joke for Jack Klugmann, whose fast-growing development firm plans to build more than 4,000 apartments and commercial space at the former Riverfront Stadium property in Newark.

“Everybody wants to hear about Newark,” said a smiling Klugmann, Accurate’s CEO and president, who notes that the company is slated to build thousands of units in other markets.

“Everybody is busy with Newark — all day, every day.”

Klugmann takes it in stride, recognizing the scale of the project and its potential to impact the state’s largest city. But Accurate’s pipeline in other communities is no less impressive. The firm in recent years has been prolific in building and lining up new multifamily development projects across New Jersey, having completed some 1,000 residential units since 2021 alone. It now has construction underway, approvals in place or sites under control to build another roughly 6,400 apartments and townhomes, including Newark, with other acquisitions still to come.

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