Speedwell Redevelopment Plan Approved

The Morristown Town Council unanimously approved the Speedwell Redevelopment Plan last evening.  This plan calls for the development of  650 new housing units and 40,000 square feet of retail space over three phases.

The first phase of the project calls for the redeveloper to construct 268 housing units on a Morristown DPW property off of early street.  10% of those units will be set aside as affordable housing.

The Plan authorizes the use of eminent domain on any of the properties within the designated redevelopment area, although it remains to be seen if the condemnation process will, in fact, be utilized.  Area residents and businesses may also be entitled to relocation assistance in the event that they are displaced.

More information about the approval and the meeting is available in John Dunphy’s article in today’s Morristown Patch, available here.

Related articles

• New Speedwell Avenue Redevelopment Plan Adopted (njcondemnationlaw.com)
• Morristown – Amended Speedwell Avenue Redevelopment Plan on January 12, 2012 Agenda (njcondemnationlaw.com)
• Eliminating redevelopment – what will it cost? (romickinoakley.wordpress.com)
• Braddock Redevelopment Project To Fill Gaping Hole Left By UPMC Demolition (progresspennsylvania.wordpress.com)