The first part of the multi-phased project will be two mixed-used office and retail buildings on the five-acre site on Morris Street, between Lafayette Avenue and Spring Street. One building will be seven stories with 233,770 square feet of office space and 19,400 square feet of retail. The second building will have six stories and 118,900 square feet of office space and 10,130 square feet of retail. Plans call for large outdoor terraces on the top floor of each building.
M Station is expected to act as a connector between the town’s New Jersey Transit station and the Green and tenants are already signing on. Deloitte has agreed to move its Parsippany operations to 110,000 square-feet at M Station.
According to the project plans, there will be a promenade and public plaza, as well as a parking garage with 889 parking spaces and 33 surface spots. Other site improvements include landscaping, pedestrian improvements, road reconfiguration of Spring Place, and a new roundabout on Morris Street.’
Last month, the Morristown council approved a 30-year PILOT agreement between the developer and the town. The council also endorsed issuing up to $8.8 million bonds for the roundabout and other off-site improvements.
There are many large development projects underway in Delaware this year. Among them is the redevelopment of a 325,000 square-foot shopping center into the College Square Williams Crossing Retail and Apartments in New Castle. The 46.10-acre property will now be the site for a mixed-use plaza with 305 residential units in two four-story apartment buildings.
Plans to renovate to the outdated retail center have been in the works for years, but the final plans were approved last March and demolition began in August. The residential units are expected to be primarily one and two bedrooms, with some three-bedroom units. The complex will also include a business center, fitness center, media room, and outdoor pool.
There will be some retail as well, with some stores, along with a coffee shop and restaurants expected. No tenants have been announced. New Castle-based developer Fusco Enterprises also plans to build a road through the center and offer some green space with a community plaza with tables and benches.
Previous renovation on the north side of the square will remain part of the new property. No timeline has been set, but Fusco attorneys have said the developer hopes to have it completed within two years.
The plan proposed for the 2.7-acre plot, which would connect the two parks, calls for up to 265 housing units, with an estimated 10 to 15 percent of the units being used for low- or moderate-income housing. There will also be retail space, as the mayor hopes to lure new businesses to a neighborhood that is known as a high crime area.
A public hearing on the bond ordinance and the redevelopment plan will be held on Jan. 7.