NJ Future Forum 2012 Creating a Redevelopment Agenda Fisher

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NJ Future Forum 2012 Creating a Redevelopment Agenda Fisher

  1. 1. CREATING A REDEVELOPMENT AGENDA FOR NEW JERSY REDEVELOPMENT FORUM 2012 GAF Factory Site: A Brownfields Remediation & Redevelopment Case StudySouth Bound Brook, NJDeveloped by:The Matzel & Mumford Organization, Inc.(a K. Hovnanian Company)David Fisher, PP, AICP - Vice President
  2. 2. FORMER GAF FACTORY SITE
  3. 3. WHAT DEVELOPERS ARE LOOKING FOR LOCATION - Access to jobs, highways & mass transit - Shopping, recreation & cultural MARKET - Buyer profile / demographics - Condition of area, value, safety - Schools OPPORTUNITY - Cohesive political vision ~ regulatory partners - Proper redevelopment planning - Plan based on market realities - Realistic uses, density, layout & design flexibility - Appropriate use of recreation and civic spaces FINANCIAL - Property owned by municipality ~ ideal (limit eminent domain) - Acquisition assistance, if necessary. Especially where either infrastructure and/or environmental conditions warrant significant up-front expenditures - PILOT program? HDSRF funding? Environmental Infrastructure Trust?
  4. 4. ASBESTOS REMOVAL, DEMOLITION & SOIL REMEDIATION
  5. 5. SOIL REMEDIATION, CAPPING, DYNAMIC COMPACTION & CANAL BANK RESTORATION
  6. 6. CANAL CROSSING PROJECT FEATURES CLEANUP & ACQUISITION OF 12.5 ACRES - $8.3 Million remediation project with complex 4-party agreement between NJDEP, Borough, M&M and former G-1 Holdings (RP) REPLACEMENT, UPGRADE AND EXTENSION OF OLD SANITARY SEWER LINE TO ASSIST BORO IN LIFTING 20-YR OLD SEWER BAN 152 TOWNHOMES 23,000 S.F. OF MAIN STREET RETAIL SPACE, WITH 2nd STORY RESIDENTIAL UNITS ABOVE ADDITIONAL SHARED PARKING (with existing Credit Union Bank) CREATION OF NEW “WATERFRONT PLAZA” AREA FOR BORO RESTORATION OF 1600 L.F. OF THE D&R CANAL CONSTRUCTION OF PEDESTRIAN WALKWAY/BIKE PATH ALONG CANAL – CONNECTING TO TOW PATH PARTNERSHIP WITH BOROUGH & ELIZABETHTOWN WATER CO. FOR PEDSTRIAN BRIDGE REHABILITATION 3/4 AC. PARK PROPERTY TO SOUTH BOUND BROOK
  7. 7. PEDESTRIAN BRIDGE REHABSITE WORK CONSTRUCTION BEGINS (Summer 2005)
  8. 8. BEFORE PHOTO: Significant blight on Borough’s Main Street; abandoned for morethan 20 years; some buildings more than 100 years old; no access to D&R Canal or towpath
  9. 9. AFTER PHOTO: Remediation complete, 152 Townhouse condo’s; commercial site not yet developed

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