The proposed 115-unit Lafayette Village project at the corner of Main and Monroe streets (map) is expected to begin construction in 2014 after finally getting necessary state permits and other approvals in recent months.
George Capodagli of West New York-based Capodagli Property Company confirmed in an email that construction could begin by spring or summer.
The City Council on Dec. 9 approved an easement (O-49-13) for Lafayette Village to install and maintain landscaping along the building frontages, which will be in the right-of-way because of the redesign necessary to satisfy state Department of Environmental Protection (DEP) requirements. The third page of O-48-13 most clearly displays the area needed for an easement. Lafayette Village also will include 1,000 square feet of ground-floor commercial space.
The Zoning Board last week also approved an amended major site plan and final major site plan with a use “d” variance and bulk “c” variance.
The project first was presented as a concept in early 2012 as Meridia Chateau, a 120-unit development. The City Council in May approved vacating 13 feet of Dock Street as a result of the redesign and the Zoning Board followed with its approval later that month. The Planning Board consented to the project in July 2012. The development was slowed down as state DEP waterfront development permits were sought, which required modifications to the designs.
Capodagli Property Company’s most recent project, Meridia Water’s Edge, a 108-unit project behind the library, is expected to begin leasing units this month.