760 Condos Planned for E. Orange & Bloomfield
From the Star Ledger:
Big condo project for GE factory site
Plans to create a 760-unit condominium development, on the former General Electric industrial site that straddles the East Orange and Bloomfield borders off the Garden State Parkway, will be the subject of an East Orange zoning board meeting this evening.
Prism Capital Partners, the applicant behind the huge Parkway Lofts housing community planned on a 20-acre site that shares the dual addresses of 545 North Arlington Ave. in East Orange and 5 Lawrence St. in Bloomfield, is one of eight cases being heard.
...
"The applicant is proposing to convert the existing (six story, brick) structure to a loft condominium development of approximately 340 residential units," according to this evening's agenda. "The balance of the site will be demolished and configured into a total of 760 residential units."
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The plan calls for a six-story main building, featuring one-, two- and three-bedroom residences, including five penthouse units; 12 garden apartment buildings; one cluster of 16 townhouses; a second cluster of 10 townhouses; and a combined total of 1,160 underground parking spaces
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Right now, the access roads are North Arlington Avenue, a residential East Orange thoroughfare that cuts through tree-lined neighborhoods filled with large houses and lawns, and Bloomfield's Lawrence Street and parallel Arch Street.
Caveat Emptor!
Grim
Big condo project for GE factory site
Plans to create a 760-unit condominium development, on the former General Electric industrial site that straddles the East Orange and Bloomfield borders off the Garden State Parkway, will be the subject of an East Orange zoning board meeting this evening.
Prism Capital Partners, the applicant behind the huge Parkway Lofts housing community planned on a 20-acre site that shares the dual addresses of 545 North Arlington Ave. in East Orange and 5 Lawrence St. in Bloomfield, is one of eight cases being heard.
...
"The applicant is proposing to convert the existing (six story, brick) structure to a loft condominium development of approximately 340 residential units," according to this evening's agenda. "The balance of the site will be demolished and configured into a total of 760 residential units."
...
The plan calls for a six-story main building, featuring one-, two- and three-bedroom residences, including five penthouse units; 12 garden apartment buildings; one cluster of 16 townhouses; a second cluster of 10 townhouses; and a combined total of 1,160 underground parking spaces
...
Right now, the access roads are North Arlington Avenue, a residential East Orange thoroughfare that cuts through tree-lined neighborhoods filled with large houses and lawns, and Bloomfield's Lawrence Street and parallel Arch Street.
Caveat Emptor!
Grim
4 Comments:
Here is another piece on East Orange from the Ledger.
E. Orange leader sees lean times ahead
The doom and gloom surround ing New Jersey's projected $5 billion budget gap yesterday led East Orange officials to prepare for the worst possible state aid scenario this summer.
"The days of a lot of wish-list items are probably over," Mayor Robert Bowser told department heads, police and fire department superiors, the city's accountants, East Orange Superintendent of Schools Laval Wilson and state Assemblywoman Sheila Oliver (D- Essex).
"The days of belt-tightening are over," said Bowser, who repeatedly urged everyone to brace for the financial unknown. "Today, we need belt-tightening, suspenders and a few other things."
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The facts are that hard times are ahead for East Orange, especially regarding rising insurance, pension and public safety costs, according to the city's contracting auditor, Dieter Lerch of Lerch, Vinci and Higgins of Fair Lawn.
grim
If you are going to own a condo, then head for the Gold Coast where you can easily get rid of it. I don't understand the condo in the burbs movement.
Condo living is a lifesytle and should not be confused with suburban living.
Thoughts to Ponder!
E. Orange is not suburban and what the hell are they thinking. If you said bloomfield I'd say eh maybe alright, but moving people into E. Orange is nuts I am all for redevelopment of industrial sites but this developer is less than swift.
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