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Hartz presents revised plan for 97-acre new towne.


Hartz Mountain Industries Hartz Mountain Industries (HMI) is a private family owned and operated company known for its vast real estate holdings in the New York/New Jersey Metropolitan Area. Its former parent Hartz Mountain Corporation (of pet products fame), was founded by German-American businessman Max  announced that it has released a revised plan for Edison Edison, township (1990 pop. 88,680), Middlesex co., NE N.J., inc. 1870 as Raritan Township, renamed 1954. Edison's varied manufactures include light trucks, chemicals, metal products, electrical and electronic equipment, machinery, and instruments.  Towne Towne, an archaic spelling of the word town, is a surname, and may refer to:
  • Benjamin Towne, American newspaper editor
  • Charles A. Towne (1858 – 1928) U.S. Senator and U.S. Representative from Minnesota
  • Francis Towne, British landscape painter
  • Henry R.
 Square, the redevelopment of a 97-acre site on Route 1 that will now include, among other new features, the donation of a portion of the site to Edison for a 60,000 s/f community center.

A "Lifestyle Center" that blends a variety of uses, including entertainment, retail stores, office space, a hotel and restaurants, Edison Towne Square is approximately the same size as the Ford plant that occupied the site until 2004. An environmental clean-up of the site is scheduled to be completed in January and is expected to result in an "unrestricted" development standard by the Department of Environmental Protection.

"A large site on Route 1 in Edison deserves the finest contemporary development, and we have invested the better part of two years blending the hottest retail concepts with Edison's desire for a family-oriented facility with a classic design and manageable scale," says Emanuel Stern, President and COO (Cell Of Origin) See mobile positioning.  of Hartz Mountain Industries. "Edison Towne Square provides Edison with something that is both practical and inspiring, and with a sparkling new Community Center it is destined des·tine  
tr.v. des·tined, des·tin·ing, des·tines
1. To determine beforehand; preordain: a foolish scheme destined to fail; a film destined to become a classic.

2.
 to become the town's new heart."

Edison Towne Square is consistent with Edison's master plan, which calls for a mixed-use retail center on the site. Hartz has formally requested the site be designated for redevelopment from its current industrial to accommodate the plan for Edison Towne Square.

Compared with the Ford plant, Edison Town Square reduces traffic and noise impacts, increases landscaped areas, improves the architectural aesthetics aesthetics (ĕsthĕt`ĭks), the branch of philosophy that is concerned with the nature of art and the criteria of artistic judgment.  of the site and provides Edison with a premier asset--and is expected to generate vastly greater property tax revenues and provide more than 2000 new jobs. An environmental clean-up of the site is scheduled to be completed in January and is expected to result in an "unrestricted" development standard.
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Comment:Hartz presents revised plan for 97-acre new towne.
Publication:Real Estate Weekly
Date:Feb 14, 2007
Words:307
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