3,404 Luxury Condos Proposed for Rutherford
More on the Highland Cross project in Rutherford, NJ.
From NorthJersey.com/Record:
Builders try to sell town on proposal for condos
Developers are projecting that new students would overflow the school district's facilities with or without their controversial proposal to build what some regard as an "entire new city" on a vacant industrial site along Route 17.
But during a public meeting Monday, residents questioned the projected increases in student populations and continued to rally against the development of high-end condominiums, retail stores and hotels.
More than 200 people packed Borough Hall to attend the third public presentation by developers Lincoln Equities Group LLC and Tarragon Corp., which seek to build 3,404 luxury condos on a 52-acre parcel known as the Highland Cross Redevelopment Area.
From NorthJersey.com/Record:
Builders try to sell town on proposal for condos
Developers are projecting that new students would overflow the school district's facilities with or without their controversial proposal to build what some regard as an "entire new city" on a vacant industrial site along Route 17.
But during a public meeting Monday, residents questioned the projected increases in student populations and continued to rally against the development of high-end condominiums, retail stores and hotels.
More than 200 people packed Borough Hall to attend the third public presentation by developers Lincoln Equities Group LLC and Tarragon Corp., which seek to build 3,404 luxury condos on a 52-acre parcel known as the Highland Cross Redevelopment Area.
7 Comments:
Oh yeah, another condo offer with a free Plasma TV
http://philadelphia.craigslist.org/rfs/150726495.html
Oh wait, even the victory condos in downtown philly are offering the same. Thats the first sign that things are not going as planned
http://philadelphia.craigslist.org/rfs/150560957.html
pesche22 said...
its offical.. the banks are running
Mills Corp.
Mr. Fishes: what does this comment mean?
The very idea that they would try to do to Rutherford what was done to Jersey City really appalls me. Rutherford is a charming, old, established town. I can't stand the way developers are allowed to overdevelop an area, taxing the infrastructure beyond what it is capable of handling. This decreases overall quality of life for everyone and can have a negative effect on property values. But I guess as long as a few developers/investors make a financial killing, all is right with the world.
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RickJ
The builder must think we are all idiots. They claim that it won't increase school taxes or traffic. Mixed use = taxpayer abuse. These idiots bought the land zoned commercial and that's how it should remain. Too bad if they lose money. That's the risk. 3400 concos means 7000 kids and 7000 more cars in an already miserable congested area. The latest scam these builders are using is mixed use. Mixed use means a dinky little laddy da strip mall with a coffee shop and as many units as they can possibly cram on there. Route 17, 3 and downtown traffic is already horrible. And for all the people that will take the train, where will they park their cars? Train parking is already non existent!!
FIGHT BACK!! Write your legislator and your assemblymen!!
BTW.... I have a very bad feeling about club xanadu. I drive by there and all I see are some piles of dirt and some trailers. Loks like a scene right out of the Soprano's. I have a feeling that we the people will be paying for this when it fails.
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