By Real Estate NJ
The development team behind what would be Morristown’s first new hotel in more than 35 years is now making its case to local officials, appearing before the town’s planning board for the first time last week.
A report by Morristown Green said representatives for the firm, Sunstone Hotels LLC, said the 117-room hotel would bring an “urban, hip, chic loft” vibe to a site at Market and Bank streets. The developer is seeking variances to exceed six stories, exceed the allowed lot coverage and reduce parking requirements for the project dubbed the Cambria hotel, the website said.
Appearing before the planning board last Thursday, the development team said the project would continue the transformation of a gateway street in the town once known as Rum Alley, the report said. The area is already seeing the development of a new office building by The Hampshire Cos., which will be the new home of Fox Rothschild, while a 55-unit, mixed-use project is now seeking entitlements from the town.
The hearing was the developer’s first since submitting plans earlier this year, Morristown Green reported. Planning board officials said they still have several other questions about the project, including deliveries and parking.
For more, see Friday’s story by Morristown Green.
More New Jersey real estate headlines
Galloway aims for redevelopment through tax incentives (Press of Atlantic City)
In a time of high vacancy rates, new Englewood office building is fully leased (The Record)
Virtua to spend $57M to build cancer and family health centers in South Jersey (South Jersey Times)
More development in the works for Harrison (Jersey Digs)
Hartz Mountain, Tocci team up again in Secaucus (NJBIZ)
Editor’s note: The Rundown is a regular feature by Real Estate NJ in which we recap commercial real estate stories and headlines from across the state.
