Not good news for those of you hoping to see a Trader Joe’s downtown anytime soon.
In this report last week, Redevelopment Director and City Administrator Peter Pelissier said, regarding the Town Center project: “[We] want to focus on building residential property. That component may entice retailers [to the area] at a later date — five to eight years down the road.”
When the Town Center originally was proposed in February 2007 (and won a Smart Growth Award this year from NJ Future), among the potential anchors mentioned were the likes of Trader Joe’s and Barnes & Noble. The real estate market has since collapsed.
Five to eight years = 2013? 2016? I don’t know about you, but when I was a kid I thought for sure most of us would be driving around in Jetsons cars by then.