A 120-unit rental complex proposed for the former Savoy site would nearly four times the size of previous plan’s density. The Savoy, which broke ground in 2006 at the corner of Monroe and Main streets but stalled and went into default last year, was to be a 36-unit, two-bedroom condo development.
Continue reading 120-unit Meridia Chateau proposed at Savoy site
A new concept plan for the defunct Savoy project — likely to be several times larger than the 36 units originally envisioned — is expected to be presented to the Redevelopment Agency next week.
Continue reading New concept for The Savoy site to be presented
After about 18 months in operation, Casa Borinquen on East Cherry Street closed last week. The eatery specializing in Puerto Rican fare opened in March 2010.The Redevelopment Agency last night officially agreed to consider uses other than those permitted in the redevelopment agreement for the former Kelly’s Pub property.
A principal of the proposed KC Jazz Club at 1646-54 Irving St. (Block 162, Lots 5-7) made his case to commissioners at their meeting last month, arguing that financing evaporated while annual costs continue unabated. A restriction limiting the property to use as a jazz club apparently also hindered any potential sale or new developer to resurrect the project.
(Note the new sign in recent weeks, “Commercial Building Available,” on the left in the photo above, juxtaposed with the one on the right that says: “Coming Soon! KC Jazz Restaurant.”)
The resolution was adopted during a special meeting last night, a week after a lack of quorum for last week’s regularly-scheduled meeting did not allow for official action to be taken.
Check out this piece from Crain’s New York Business about Brooklyn’s Myrtle Avenue. Twenty years ago, you’d be told to avoid the Clinton Hill neighborhood’s “crime-ridden main drag.” Today, 97 percent of the businesses are locally owned, with eight new arrivals in the past year, and 78 percent of them are minorities and/or women.
The story provides some details about community leaders and longtime residents creating a revitalization project in 1999 that has morphed into a business improvement district with an annual budget of $1 million thanks to money from the city, private foundations and fees on local landlords.
The steel beams for The Savoy sometimes pointed to as symbols of overly-ambitious redevelopment efforts, were finally dismantled last week.
The beams were installed in summer 2008 and by the fall, the project at the corner of Main and Monroe streets already had come to a standstill.
The original plan proposed by Dornoch Holdings called for 36 two-bedroom, two-bath units in a four-story structure, with 7,000 square feet of retail space on the ground floor. The units had starting asking prices of $315,000 in pre-construction, in early 2008.
The city has been in discussions with Capodagli Property Company about developing the site, but it would be upward of 100 units rather than the original 36 proposed. The Pompton Plains-based developer is working with Wells Fargo to acquire the property and complete the foreclosure process, according to city officials.
The Capodagli firm is scheduled to appear before the Planning Board Tuesday for its proposed 108-unit project behind the library, Meridia Water’s Edge. The company recently was selected as developer for 240 units on the former Bolmer Motor Car property in downtown Bound Brook.
The requirement that only a jazz club/restaurant can be developed at the former Kelly’s Pub property looks like it will be lifted by the Redevelopment Agency, allowing other options to be pursued for the site.
Continue reading Restriction likely to be lifted for jazz site
More than three years after it was installed, the steel and foundation at the site of the stalled Savoy development could be coming out soon.
Continue reading Steel, foundation to be removed at Savoy site
Work is coming along on the Hamilton Stage for Performing Arts with walls recently going up to cover most of the steel. The $5.825-million project is slated to be complete by next spring.