Morristown Council Amends Redevelopment Plan for CVS Pharmacy
The Morristown Town Council approved an amendment to the Speedwell Avenue Redevelopment Plan that would permit development of Phase 4 with a stand-alone retail pharmacy at the corner of Spring Street and Speedwell Avenue formerly occupied by an auto dealership and related uses. Indeed, the Town’s website declares the amended plan the “CVS Pharmacy Speedwell Redevelopment Plan.”
The vote was 6-0, signaling that the governing body is anxious to get the redevelopment moving along the Spring, Speedwell, and Early Street intersections. While Phase 1 of the redevelopment plan involves construction of mixed-use and residential improvements along Early Street, it appears from the detailed nature of the redevelopment plan amendment that the CVS pharmacy (technically Phase 4) may have shovels in the ground by early next year.
A redeveloper has not been appointed for Phase 4, and the amended plan maintains all previous authorizations, including use of eminent domain to acquire any properties needed to facilitate the project.
For additional coverage, see the articles in MorristownGreen.com and The Star Ledger-NJ.com.
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