New Development Proposal, More Deadlines
An East Hanover developer proposes filling in a gap on the Tepper’s block with a 12-unit condo project with three commercial units at ground level.
Clay Bonny showed a rendering of his proposed building to the City Council Monday (March 5, 2007) and said his target buyers will be young professionals, empty-nesters and divorced dads who might use a second bedroom as an office or a place for the kids on weekends. The last category showed up as a marketing niche, he explained.
A second-floor interior landscaped courtyard would give upper floor residents a view and each two-bedroom unit would have ample storage, a “full appliance package” and other features to make living comfortable.
Bonny said no price had been set for the condos, but his “gut feeling” was that the cost would be about $300,000. Parking would be behind the West Front Street building, mostly in a city-owned lot, he said.
Bonny said the proposal is his fourth solo project after years with major development firms. He has previously built rental properties in Rahway, Butler and Morristown, he said.
The presentation was just for council information, as Bonny had answered a request for proposals for the city-owned site. As in mostly all recent development discussions, parking was a concern. Bonny said accepted standards call for two parking spaces per unit, but that one of the spaces could most likely be shared by tenants at night and employees and shoppers by day. One 24-hour parking space would be dedicated for each unit.
In other redevelopment news, a 90-page agreement for development of the North Avenue tract was in the council information packet, anticipating a vote at Wednesday’s regular meeting. But the item was pulled Monday and the developer, Landmark Development Corp. of Jersey City, will be given another 60-day extension of the conditional designation first granted in August.
Landmark’s proposal is perhaps the most extensive of all among more than a dozen or so in the works. Developer Frank Cretella, renowned as a restaurant entrepreneur, proposes making the blocks by the main train station a mecca for entertainment, along with extensive residential and retail development. Besides encompassing the city’s only commercial historic district, the plan may extend north and west and may add a 500-space parking deck. Part of the plan is to retain the historic facades along North Avenue between Park and Watchung avenues, but to build up behind them to yield more than 400 residential units in the tract.
The agenda already included a 60-day extension for AST Development Corp. of Lavallette for the Marino’s tract on West Front Street. That plan includes a supermarket, but recent talks between major chains Pathmark and A&P may complicate the negotiations. AST also received 90-day conditional designation in August and along with Landmark received a 60-day extension in December.
Meanwhile, Plaintalker had noted a looming closing deadline for Dornoch Plainfield’s senior center and condo development on East Front Street. Not to worry, the closing took place in late January, Union County Improvement Authority attorney Ed Boccher said. Dornoch has already received site plan approval for the center and 63 condos on three floors above the center. The developer will finance the project and is not seeking any tax breaks from the city.
--Bernice Paglia
Clay Bonny showed a rendering of his proposed building to the City Council Monday (March 5, 2007) and said his target buyers will be young professionals, empty-nesters and divorced dads who might use a second bedroom as an office or a place for the kids on weekends. The last category showed up as a marketing niche, he explained.
A second-floor interior landscaped courtyard would give upper floor residents a view and each two-bedroom unit would have ample storage, a “full appliance package” and other features to make living comfortable.
Bonny said no price had been set for the condos, but his “gut feeling” was that the cost would be about $300,000. Parking would be behind the West Front Street building, mostly in a city-owned lot, he said.
Bonny said the proposal is his fourth solo project after years with major development firms. He has previously built rental properties in Rahway, Butler and Morristown, he said.
The presentation was just for council information, as Bonny had answered a request for proposals for the city-owned site. As in mostly all recent development discussions, parking was a concern. Bonny said accepted standards call for two parking spaces per unit, but that one of the spaces could most likely be shared by tenants at night and employees and shoppers by day. One 24-hour parking space would be dedicated for each unit.
In other redevelopment news, a 90-page agreement for development of the North Avenue tract was in the council information packet, anticipating a vote at Wednesday’s regular meeting. But the item was pulled Monday and the developer, Landmark Development Corp. of Jersey City, will be given another 60-day extension of the conditional designation first granted in August.
Landmark’s proposal is perhaps the most extensive of all among more than a dozen or so in the works. Developer Frank Cretella, renowned as a restaurant entrepreneur, proposes making the blocks by the main train station a mecca for entertainment, along with extensive residential and retail development. Besides encompassing the city’s only commercial historic district, the plan may extend north and west and may add a 500-space parking deck. Part of the plan is to retain the historic facades along North Avenue between Park and Watchung avenues, but to build up behind them to yield more than 400 residential units in the tract.
The agenda already included a 60-day extension for AST Development Corp. of Lavallette for the Marino’s tract on West Front Street. That plan includes a supermarket, but recent talks between major chains Pathmark and A&P may complicate the negotiations. AST also received 90-day conditional designation in August and along with Landmark received a 60-day extension in December.
Meanwhile, Plaintalker had noted a looming closing deadline for Dornoch Plainfield’s senior center and condo development on East Front Street. Not to worry, the closing took place in late January, Union County Improvement Authority attorney Ed Boccher said. Dornoch has already received site plan approval for the center and 63 condos on three floors above the center. The developer will finance the project and is not seeking any tax breaks from the city.
--Bernice Paglia
posted by Bernice at 10:41 PM
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