Tag Archives: Residential

College Square Is a Delaware Redevelopment Project To Watch in 2020

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Plans to renovate to the outdated retail center have been in the works for years, but the final plans were approved last March and demolition began in August.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.

Passaic City Council Moves to Acquire Land for Redevelopment

Keep an eye on Passaic in the new year. Big redevelopment opportunities may be coming.

This week, the city council introduced a redevelopment plan and $1.6 million bond ordinance to buy a stretch of railroad track between Pulaski Park and Dundee Island Park, which broke ground last month on a re-design that calls for a new soccer field, playground, garden, amphiteater, and river walk.

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.

Mixed-Use Plans for Edgewater Site Remain Under Review

The Edgewater Golf Complex on River Road has been closed for two years, and the future of the 12.8-acre site remains up in the air—under review by the town’s planning board, to be more accurate.

Fort Lee-based developer Rich Mark Development Group wants to build a mixed-use, seven-story building at 575 River Rd. The construction would include 384 residential units and more than 53,000 square feet of commercial, office, and retail space. It would also have a rooftop pool, a public park, and a community plaza.

Among the 384 residential units, 19 would be three-bedroom townhomes, 264 would be two-bedroom units, and 101 would be one-bedroom units, Ted Osborne, the project’s architect, told the planning board during a hearing, according to an article on northjersey.com. There would also be 58 units designated for affordable housing.

The first two floors of the building would be a two-level “podium,” which would include a parking garage and two stories of commercial and retail space as well as access for the public to get to the commercial space and Hudson River Waterfront Walkway, according to Osborne.

Not unexpectedly for a property on River Rd, parking is the biggest issue. The purposed parking options would require the “one of the most significant variances” sought by the developer. The original plan offered 420 spaces when more than 1,000 off-street spots would be required, northjersey.com said.

After an October meeting with the planning board, the plans remain under review by the Edgewater Zoning Board of Adjustment.

Hackensack Looks To The Record Site To Lead City’s Riverside Redevelopment

The Record newsroom in Hackensack was never known for its fancy amenities. The printing press would rumble to life in the old building adjacent to the Hackensack River, and the work of reporters and editors would transfer to the page before being moved to delivery trucks to spread the area’s news to the people of Bergen County. When the owners of the newspaper moved its headquarters to Woodland Park, the site sat vacant for years.

Soon, though, developers will break ground on a $145 million redevelopment of the site, creating luxury apartments and retail units in a project that is Hackensack’s first luxury, mixed-used riverfront community and the largest project of its kind in the city, according to northjersey.com. City officials hope it leads the transformation of the waterfront area from largely industrial to residential and retail, and becomes a destination for people looking to move or shop in Bergen County.

The Record building was demolished in 2018, clearing the way for a redevelopment plan that will build approximately 700 luxury residences spread among five buildings. There will be 18,000 square-feet of retail space and a hotel on the 19.7 acre property.

The neighboring Heritage Diner will remain in place. Plans for the USS Ling, a submarine that was part of the NJ Naval Museum that once operated from the property, have not been announced.

The redevelopment is expected to create 250 construction jobs, and the project is expected to be fully completed in 2025.

New Jersey’s Biggest, Boldest Mixed-Use Project: Riverton Redevelopment in Sayreville

Riverton, mixed-use redevelopment along two miles of the Raritan River in Sayreville, is one of New Jersey boldest projects. It’s also one of the biggest. The $2.5 billion project on 418 acres is the largest mixed-use development in NJ history and believed to be the largest mixed-use project in development in the U.S. right now, according to NJ.com.

Don’t blame locals if they adopt a “I’ll believe it when I see it” attitude to the dreams of creating “America’s Next Great Hometown.” Attempts to redevelop the area have been ongoing for more than a decade. The previous developer never began construction after attempts to clean-up the contaminated site.

The current plan calls for a marina, two hotels, 1 million square feet of retail space and 1 million square feet of office space, 10 restaurants, and 2,000 residential units of single-family homes and apartments. It is expected to be built in phases and take 10 years to complete once they start construction.

But it won’t be easy—to build or win over the public. The developer, North American Properties (NAP), and Sayreville Economic & Redevelopment Agency (SERA) have faced some pushback, including a poll sent to area residents at the end of 2018 that town officials say was from an outside organization trying to mislead the public about the project with questions that “appear created to incite fear and spread rumor.” And while NAP boasts access to highways and the number of people within 20 miles, some are concerned about the amount of traffic and congestion in the area. Part of the plan, however, is to create its own Riverton exit on the Garden State Parkway, according to a story from News12 New Jersey, which toured the site.

If all goes as the developers plan, Riverton residents won’t have to leave the area very often. They can work, live, dine out, and meet all of their entertainment and recreation needs right there.

North Haledon Hopes to Jump-Start Development with Residential Units

The mayor of North Haledon is praising newly approved housing projects that will go up in his town as a deal that will jump-start development to turn a “blighted” industrial area into a residential neighborhood that will spur more construction in the area, according to an article on northjersey.com.

The multiple Belmont Avenue projects will bring more than 200 apartments–with some affordable housing units among them–and at least 30 townhouses into the area near the completed Belmont Estates townhouses, the story said.

As part of a way to bring in developers, the town is working on a payments in lieu of taxes (PILOT) agreement that would allow the developers to make payments to the town based on a percentage of revenue instead of paying taxes.

The North Haledon mayor called it a good deal saying the town would make a “tremendous amount of money.”

If the developers and building owners paid taxes instead, that tax revenue would have gone to the school district, according to the story.

Philly Set To Open Its “Yards”

As tourists head for Hudson Yards in New York City this summer, Philadelphia is ready to unveil the first part of what it hopes will eventually be a similar experience—the 14-acre, $3.5 billion West Philadelphia renovation dubbed Schuylkill Yards.

The first of the four projects that will make up Schuykill Yards will open in June. Drexel Square is a 1.3 acre park located across from the 30th Street Station. The space is part of approximately six acres of the project that has been reserved for public space. Drexel Square has been described as the lynchpin of the project and overall vision for the area.

“Some people think you put a big tall building here right outside the train station,” developer Brandywine Realty Trust’s chief executive Gerard H. Sweeney told the New York Times in 2018. “But you’ve got to create a platform for excellence, and the way you do that is you invest in public space. You create a place where people want to be.”

The City of Brotherly Love’s Yards won’t have the size and sparkle of Manhattan’s version, but developers hope to create its own Philadelphia-specific experience, something that doesn’t feel corporate or created but more like a neighborhood that came about organically.

The 14 acres of Schuykill Yards sit between 30th Street Station and Drexel University and the University of Pennsylvania and will take 15 to 20 years to finish development of the entire area. It is all part of an attempt to pull together Philadelphia’s Center City district with University City and all of the business, research, and residential development in the area to form a singular downtown, according to the philly.com.

After Drexel Square, the next phase of the project is the renovation of a former newspaper building that borders the eastern edge of Drexel Square. Architects plan to keep the 50s industrial structure as they give it a modern makeover, according to the philly.com article.

Finally this winter, developers are scheduled to break ground on two towers—a more than 770,000-square-foot office building and a mixed use building next door that will have 344 apartments plus 200,000-squre-feet of office space.

The end result will 6.9 million square feet of office, lab, residential, and green space, a coming together of the business, retail, academic, commuter, and residential worlds. And another city Yards, just 90 miles south.

The Next Great Hope, Again: Nassau Hub

While the debate continues on the loss of Amazon  headquarters from Long Island City—best or worst thing to happen to New York and who gets the blame or the credit?—out on Long Island, politicians are pushing the Nassau Hub as the next great, transformative project in the tri-state area. Of course, we’ve heard it all before about this 77-acre site surrounding Nassau Coliseum in Uniondale, where attempts to develop residential, commercial and industrial-use space around the arena have failed repeatedly for various reasons over the years.

But there is new cause for hope that things will truly move forward this time as Governor Andrew Cuomo recently added $40 million in state funds, earmarked for three pedestrian bridges and to help Northwell Health build a medical research center (the “innovation center”), that will include laboratory and educational space. That money is in addition to the $85 million already coming from the state for parking garages.

As the developers attempt to move things forward and local politicians promote the possibilities of Nassau Hub, the Coliseum has been hosting concerts and the NHL’s Islanders have returned to play a portion of this season and next season’s games as they wait for a new arena to be completed at Belmont Park. (The team had left the outdated venue for Brooklyn.) With the Islanders doing well this year and big names like Billy Joel and Elton John booking shows, more people have been brought back to the area.

Developers continue to face resistance from nearby residents, however, who recently voiced concerns about the $1.5 billion plan to build office, retail, restaurant, and entertainment space, along with the medical and biotech research center and 500 units of housing. They were given permission to draft a site plan but must enter a project labor agreement with local building trade councils, as well as providing quarterly updates to the legislature and holding regular public meetings.

Should things work out this time and move forward, Phase I of the project, which includes the construction of the two state-funded parking garages with 3,400 spaces, the Northwell Health Innovation Center and half of the housing and entertainment units, is contingent on county legislative approval. Pending that approval, it is expected to begin within 24 months with anticipated completion by 2022.