BLOG:
Thomas Edison Battery Building Moving Towards Redevelopment
The Thomas Edison Battery Building in downtown West Orange is moving closer to being redeveloped. According to Karen Yi of the West Orange Patch, the Council passed two ordinances on first reading and a resolution authorizing issuance of bonds to pay for the municipality’s share of the development costs. Some residents voiced concerned about the... Read More
DuPont to Redevelop Pompton Lakes?
As reported in NorthJersey.com, Pompton Lakes leadership is contemplating whether to demolish every single building in the central business district fronting on Wanaque Avenue. The concept would be to build multi-story buildings with 400 units above street-level retail uses. However, it appears that the plan is contingent upon DuPont coming to the table and cleaning... Read More
More on Fort Lee Redevelopment
As recently blogged here, Fort Lee recently revisited the former Helmsley property in the Borough as one of its redevelopment areas. The newest group of redevelopers slated to tackle an allegedly blighted area are confident that they can succeed where others have failed. NorthJersey.com reports that Bergen County developer James Demetrakis, Esq. has teamed up with... Read More
Eminent Domain Going Nuclear!
The people of Vermont are up in arms about the Nuclear Regulatory Commissions license renewal issued to Vermont Yankee nuclear power plant. The plant sits on the Connecticut River in Vernon Vermont and provides about 35% of the energy for the entire state of Vermont. Photo courtesy of www.vtdigger.org The license was renewed by the... Read More
Morristown – Amended Speedwell Avenue Redevelopment Plan on January 12, 2012 Agenda
Morristown Patch reports that the Town Council will vote on an Amended Speedwell Avenue Redevelopment Plan on January 12, 2012. IPhoto Credit – John Dunphy, Morristown Patch As noted in the Patch article, its been a long-time coming. The redevelopment initiative for the Speedwell Avenue area began in the early 2000s with an actual “in need of... Read More
Aberdeen and Matawan to Re-evaluate Train Station Redevelopment Area
As reported in the Asbury Park Press, the Matawan-Aberdeen train station redevelopment area – first designated 10 years ago – is being sent back to the planning board to determine whether the area is still “in need of redevelopment.” As referenced in the article, the municipality is addressing the area now because of changes in... Read More
Parkway Lofts Redevelopment Construction Financing Deal Inked
As reported by Multi-Housing News.com, CBRE secured construction $47.5 million in financing from US Bank to proceed with The Parkway Lofts at Watsessing Station, a 361-unit to-be-built redevelopment project located in Bloomfield, N.J. The construction will utilize an existing warehouse and the adaptive reuse will maintain existing signature design elements like the 15 foot high quilt-paneled windows.... Read More
Harrison Tp (Gloucester) Adds Redevelopment Area
Harrison Township in Gloucester County NJ has a new redevelopment area . As reported by the Gloucester County Times, the area was designated in need of redevelopment in order to make PILOTs (Payments In Lieu Of Taxes) and other incentives available to the putative developer of the property who originally intended to construct single family residential... Read More
Fort Lee Looking to Expand Redevelopment Area
As reported on NJ.com The Fort Lee Borough Council recently adopted a resolution scheduling a special meeting for December 22, 2011 to discuss whether to amend the Area 5 Redevelopment Plan in order to incorporate land owned by the Cosmos retailer as well as three parcels owned by the Borough. It is unclear whether –... Read More
Public Gathers to Oppose Ludwig’s Corner Condemnation
The Daily Times of Delaware County, Pennsylvania reports that hundreds turned out to protest the announcement of a taking of “Ludwig’s Corner” horse show property from a local cooperative that has operated the site for the last 68 years. The president of the Ludwig’s Corner Horse Show Association – John Jacobs – complained; “Whatever happened to property rights?... Read More
