A coalition of commercial real estate industry leaders has unveiled a new set of proposals for Gov.-elect Phil Murphy and state lawmakers, seeking to refine policies that have spurred economic development in recent years and address some of New Jersey’s most glaring needs.
Retail
The New Jersey retail landscape has changed, but the spending power of its residents hasn’t. Owners of malls, shopping centers and mixed-use projects will continue to adapt and invest in the state.
Local land use: Creating predictability, uniformity
Rather than try to replace the Municipal Land Use Law or strip local governments of the ability to control zoning in their town, the Smart Growth Economic Development Coalition has outlined what it says are reasonable, practical changes to help streamline development, create more certainty and encourage new business growth in the state. Those changes include steps such as standardizing non-residential site improvement requirements, creating more consistency across the entitlement process and softening the approval process for projects that will help create affordable housing.
Advance, DeBartolo start demolition of Morris County mall ahead of redevelopment (VIDEO)
Advance Realty and DeBartolo Development have started demolition at the aging, indoor retail complex along Route 10 in Roxbury, paving the way for a sweeping redevelopment of the property. When complete, the site will be home to a modern, 450,000-square foot power center with a mix of open-air spaces.
