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Trenton Cheering Transit Village
Bad Credit Credit Creditres To Phil Del Giudice, developers' plans to build a transit village complex with a mix of apartments and retail space next to the Morristown train station will bring money and vitality into a section of town that is a worn hodgepodge of stores, offices and eateries.
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Bad Consolidation Credit Debt "The area is in need of some physical and economic vibrancy. It needs a lift and this will do it," said Del Giudice, chairman of the Morristown Partnership Inc.'s board and owner of a party supply business near the transit village site.
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Bad Company Credit Repair But to Marion Harris, head of the town's historic preservation commission, those same plans will leave Morristown with a building so architecturally out of place, it will damage the character of the town, and will clog already congested roads.
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Bad Card Credit Credit Harris noted, "It is not at all the type of development residents should be cheering about."
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Bad Car Credit Loan Merchants, state officials and others, however, were cheering a day after the Morristown planning board voted 6-3 in favor of the $45 million to $50 million complex with 218 rental units, 10,400 square feet of retail space and 700 parking spaces, all adjacent to the Morristown train station.
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Bad Credit Loan Mortgage The vote ended a quest that began in 2000 for Woodmont Properties LLC of Parsippany and Roseland Property Co. of Short Hills, the developers who plan to start construction in four months at the site of a 300-space parking lot owned by NJ Transit at Lafayette Avenue and Morris Street. The project, called the Highlands at Morristown Station, is expected to be completed in two years.
Auto Bad Credit Loan "It is going to be a benefit to the community. They are taking underutilized land and potentially making it a showpiece. It really tends to reinforce the strength of the downtown. I think looking into the future, those communities with downtown housing, walking, retail and cultural environments and access to public transportation will be the successful communities of the coming decade," said James Hughes, dean of the Edward J. Bloustein School of Planning and Public Policy at Rutgers University.
Bad Credit Mortgage Refinance The state Department of Transportation and the governor's office agree.
Bad Credit Refinance "The commissioner is pleased with the development in Morristown. He believes as does the governor that the transit village program is a powerful force in combating sprawl and congestion in New Jersey," said state Department of Transportation spokeswoman Anna Farneski.
Bad Credit Mortgage Second The state's Transit Village program started four years ago, when Morristown was one of five towns selected for projects with a simple anti-sprawl concept -- trigger economic growth in downtown areas, increasing train ridership and reducing a reliance on automobiles.
Bad Credit Loan Student There are now eight towns on the list -- Morristown, Pleasantville, Rutherford, South Amboy, South Orange, Riverside, Rahway and Metuchen. Seven more will join them this year. At least 50 towns have expressed interest, state officials have said.
Bad Card Credit In the village of South Orange, one Gaslight Commons, a four- story, 200-unit apartment complex, has been built and more development is planned.
Bad Credit Financing "The concept of being a transit village has been well received here," said village Administrator John Gross. "We will have 400 new units over the next several years and 50,000 square feet of retail space."
Bad Credit Home Loan Mortgage In Morristown, the 218-unit, four-story project will have four units set aside for affordable housing. Rents for the rest of the one- and two-bedroom apartments will run at least $1,600 to $2,000. The developers say the complex will generate about $500,000 annually in tax revenue.
Bad Credit Loan People The complex is one of more than a dozen major projects with more than 1,000 units being eyed in Morristown.
Bad Card Credit Credit People Woodmont Properties and Roseland Property are involved with plans to transform the Vail Mansion site into a 52-unit condominium complex, with the mansion serving as the nucleus, housing an 80-seat restaurant. Town parking authority officials also note there has been talk of a second Highlands project at the train station, at what's currently a parking lot off Lafayette Avenue and Lackawanna Place. The idea is on the back burner, however, as the authority is working on other projects that have a higher priority.
Bad Credit Guaranteed Loan By Bill Swayze
Star-Ledger - 5/7/2003
Topic: Transportation
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