Hoboken, prominent Jersey City developer for Liberty Village
FLEMINGTON – A potential developer of the Liberty Village property will hold two public meetings to present plans for the redevelopment of the 23-acre site.
George Vallone, president of Hoboken Brownstone Co., will present the plans in an in-person meeting at 7 p.m. on January 12 at the Stangl plant and in an online meeting at 7 p.m. on January 19.
Those wishing to attend the meeting at the Stangl Factory are requested to book their tickets online at www.libertyvillage.eventbrite.com.
Meetings are organized by the Flemington Community Partnership.
James Coleman, vice president of Namdar Realty Group and Mason Asset Management, which bought Liberty Village in 2019, told borough council on Monday that his company was “very excited” and was “about to close a good deal. agreement with an accomplished real estate developer. “
Coleman said the potential developer is hosting the meetings because “they are looking for support from the community.”
READ:Flemington approves the redevelopment plan for the Liberty Village shopping center. Here’s what’s coming
Hoboken Brownstone, formed in 1980, focused on restoring the urban neighborhoods of Hoboken and Jersey City. According to its website, the company has a “respectful redevelopment style” with a reputation for modern luxury apartments with “classic urban architecture of historic value”.
Vallone is the past president of the New Jersey Builder’s Association and served as chairman and chairman of the board of directors of Our House Inc., a nonprofit group that builds, owns and operates group homes and provides vocational training. adults and people with intellectual disabilities.
Coleman, who sits on the board of directors of the Flemington Community Partnership, thanked CEO Robin Lapidus for her efforts in creating the redevelopment plan.
“It was a total joy to work with her and her team,” he said.
Liberty Village’s redevelopment plan, prepared by the Borough’s Redevelopment Committee and the Borough Planner, envisions “a new, diverse residential neighborhood that provides economic support to the downtown area of the Borough, while also matching on the scale and character of the district, creating an integrated and coherent environment. “
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The plan provides for “diverse housing options” in multi-family units and / or townhouses that accommodate a mix of income and household sizes.
Although no total number of residential units is specified, the plan recommends that 15% of rental units be reserved for affordable housing and that 20% of units for sale be affordable.
The next step in the redevelopment process, which involves public hearings at each stage, is for the borough to select the developer.
Liberty Village was the country’s first shopping center. When Liberty Village opened four decades ago in 1981, it was very successful and was expanded in the late 1990s.
Every weekend, especially during the holiday season, the parking lots were full as shoppers from across the metro area flocked to Flemington.
But as more retail space has been built in Raritan Township and central Jersey and retail models have changed for online shopping and discount stores, Liberty Village has experienced a steady decline.
The 168,836 square foot mall was owned by Simon Property Group, one of the nation’s largest mall developers, which also owns Menlo Park, Rockaway Townsquare and Quakerbridge malls and malls in Tinton Falls and Jackson.
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Mike Deak is a reporter for mycentraljersey.com. To get unlimited access to her articles on Somerset and Hunterdon Counties, please register or activate your digital account today.