Kaplan tapped for 23-acre NJ transit village project.Dunellen officials took the first step in what will become the largest and most significant redevelopment project in the 119-year history of the one-square-mile community. Dunellen Mayor Robert J. Seader announced the borough has selected Kaplan Companies of Highland Park Highland Park. 1 City (1990 pop. 30,575), Lake co., NE Ill., a suburb of Chicago on Lake Michigan; inc. 1869. It is a retail business and medical center for the North Shore area. to redevelop re·de·vel·op v. re·de·vel·oped, re·de·vel·op·ing, re·de·vel·ops v.tr. 1. To develop (something) again. 2. about 23 acres of property surrounding the NJTRANSIT train station on South Washington Avenue Washington Avenue can refer to:
The developer will create a bustling bus·tle 1 intr. & tr.v. bus·tled, bus·tling, bus·tles To move or cause to move energetically and busily. n. Excited and often noisy activity; a stir. transit village A transit village is a planned development around a transportation hub, such as a train station, with the intent to make it convenient for village dwellers to get to/from work or run errands and travel via a public transportation network. that will feature retail, luxury residential and parking components, as well as a new town hall for the 7,000 borough residents. Seader called the redevelopment project a "truly historic moment for the borough," noting the decision to formally name the developer is the culmination of a four-year process, involving many community members. Borough officials are now working on a redevelopment agreement with Kaplan Companies; the mayor hopes to break ground on the project next spring. "After an intensive review process, we have selected Kaplan Companies to bring our vision to fruition fru·i·tion n. 1. Realization of something desired or worked for; accomplishment: labor finally coming to fruition. 2. Enjoyment derived from use or possession. 3. ," Seader said. "This company will create a thriving community at our train station, capitalizing on our most valuable asset: the commuter rail line." The redevelopment boundaries are Washington Avenue, North Avenue, New Market Road, Prospect Avenue and Columbia Street. The project, which Kaplan Companies has named "The Gateway at Dunellen," has three distinct components: Jason Kaplan, president of Kaplan Companies, said the transit village will comprise up to 50,000 s/f of ground-floor retail, as well as a mix of 400 townhouses and condominiums with underground parking and elevators. Kaplan said the redevelopment plan also calls for a clubhouse for the new residents, as well as a number of other amenities that will foster a pedestrian-friendly and vibrant town center. "This transit-oriented village will have a neo-traditional design, meshing perfectly with the many stately homes stately home Noun Brit a large old mansion, usually one open to the public Noun 1. stately home - a mansion that is (or formerly was) occupied by an aristocratic family lining Dunellen's neighborhood streets," Kaplan said. "This community is an untapped gem gem, ornamental mineral or organic substance gem, commonly, a mineral or organic substance, cut and polished and used as an ornament. Gems also are used as seals (items of assurance) and as talismans (good-luck charms). For birthstones, see month. , with an authentic town square located just across the street from the transit village. Our designers are molding this project to fit with the small-town character of Dunellen, enhancing the particular nature of this community." The mayor expects the transit village will generate up to $3 million in annual property tax revenue. Seader said Kaplan Companies was selected as the redeveloper because of its vast experience in redevelopment. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion