Thursday, May 1, 2014

POST OFFICE AND PSE&G REDEVELOPMENTS EXTENDED

News-Record reports:

 The Maplewood Township Committee passed two resolutions at its April 15 meeting to extend the negotiation periods for both the post office site and the PSE&G site.

Resolution No. 73-14 extends negotiations with L&M Development Partners of Larchmont, N.Y., through Aug. 1. The committee had previously approved a resolution on Jan. 7 designating L&M as the post office site redeveloper for a 90-day negotiation period.

The 90-day negotiation period expired April 7, before the township and L&M could complete negotiations; the extension allows negotiations to continue retroactively from April 7.

The post office site is located at 160 Maplewood Ave. in Maplewood Village. Once the U.S. Postal Service vacates the premises, the township hopes to redevelop the site into mixed-use building. Plans explained by L&M representatives at a Jan. 30 meeting state that, essentially, the ground floor will house Kings, should the supermarket choose to move across the street — a detail that has yet to be finalized; the first floor will be set aside for retail — approximately three store spaces; and the top three floors will be devoted to approximately 25 apartments, 10 percent of which will be set aside as affordable housing.

According to an April 11 release on the Maplewood Township website, the board of the Maplewood Village Alliance unanimously approved the current design submitted by L&M for the post office site at its April 9 meeting.

Read more HERE.

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