Page 32 - RE-NJ

Professional Spotlight
SCARINCI HOLLENBECK LLC
PROPOSED BIKE PATH
EASEMENT
PROPOSED 60
4-STORY AFFORDABLE
APARTMENTS
EXISTING MALL ACCESS
DRIVE TO REMAIN
BURNT MILL ROAD
BIORETENTION AREA
DAYCARE
TO REMAIN
PROPOSED ACCESS
EASEMENT TO BE WORKED
OUT BETWEEN SELLER &
BOSCOV'S
PROPOSED
RIGHT-IN/RIGHT-OUT
PROPOSED
1500 CAR
PARKING GARAGE
SOMERDALE ROAD
8 TOWNHOUSES
6 TOWNHOUSES
BIORETENTION AREA
EXISTING PARKING LOT
TO REMAIN
BRITTON PLACE
EXISTING
BOSCOV'S
TO REMAIN
EXISTING PARKING LOT TO REMAIN
EXISTING MALLED ENTRANCE
TO REMAIN & BE MODIFIED
BIORETENTION AREA
PARK AREA
EXISTING MACY'S
6 TOWNHOUSES
TO REMAIN
SECOND LEVEL TO
BE INDOOR PARKING
15 SPACES PROP. FOR
MACY'S USE
30 SPACES FOR CNNH
EXISTING MALL ACCESS DRIVE TO REMAIN
PARKING GARAGE
ACCESS
(TO 200 SPACES)
EXISTING LOADING
DOCK TO REMAIN
EXISTING MALL REAR
ENTRANCE TO REMAIN
EXISTING BUS
STOP TO REMAIN
EXISTING MALL
FOOTPRINT TO
TOWNHALL
PARKING ONLY
74 SPACES EX.
REMAIN
37 SPACES PROP.
FOR MALL USE
EXISTING MALL ACCESS DRIVE TO REMAIN
BIORETENTION AREA
25 SPACES FOR FOOD COURT PICKUP
BIORETENTION AREA
7 TOWNHOUSES
8 TOWNHOUSES
LAUREL ROAD
SOMERDALE ROAD
9 TOWNHOUSES
BIORETENTION AREA
6 TOWNHOUSES
EXISTING ACCESS POINT
TO REMAIN & BE MODIFIED
PROPOSED 201
2&3-STORY TOWNHOUSES
PARKING REQUIREMENTS
BUILDING #12
FIRST FLOOR
RETAIL 15,244 s.f. @ 4.5/1000 s.f. = 69 SPACES
FLOORS 2-3
BUILDING #8
BUILDING #9
8,000 TOWN CENTER BLVD.
9,000 TOWN CENTER BLVD.
4 FLOORS
2 FLOORS FLOOR 1 RETAIL 13,111 s.f.
FIRST FLOOR RETAIL 13,116 s.f. FLOORS 2-4 44 RESIDENTIAL UNITS
FLOOR 2 RETAIL 14,795 s.f.
26 RESIDENTIAL UNITS @2.4 PER UNIT = 63 SPACES
REQUIRED = 132 SPACES
EXISTING = 160 SPACES (+28)
BUILDING #12
12,000 TOWN CENTER BLVD.
3 FLOORS
FIRST FLOOR RETAIL 15,244 s.f.
FLOORS 2-3 26 RESIDENTIAL UNITS
BUILDING #13 13,000 TOWN CENTER BLVD.
4 FLOORS FIRST FLOOR RETAIL 15,285 s.f.
FLOORS 2-4 36 RESIDENTIAL UNITS
EXISTING 160 SPACES PARKING LOT
ECHELON ROAD
TO REMAIN FOR BLDG #12
UNIT TYPE
110 AFFORDABLE DWELLING UNITS (AH)
EXISTING 53 SPACE PARKING LOT
TO REMAIN FOR STARR BLDG
60 4 STORY RENTAL APT. BUILDING (1-3 BEDROOM )
50 151 2 STORY FOR SALE STACKED TOWNHOUSE (22'x48')
MARKET RATE (MR) 3 STORY TOWNHOUSES
(3 BEDROOM 20'x40')
50 MARKET RATE 2 STORY TOWNHOUSES
(3 BEDROOM 28'x50')
PARKING REQUIRED
(201) MR TOWNHOUSES @ 2.4 SPACES/UNIT = 483
(60) AH APPARTMENTS @ 1.0 SPACES/UNIT = 60
(50) AH STACKED TH @ 2.0 SPACES/UNIT = 100
TOTAL SPACES REQUIRED = 643
PARKING PROVIDED
(151) MR TOWNHOUSES @ 2.0 SPACES/UNIT = 302
(1 CAR GARAGE/DRIVEWAY)
(50) MR TOWNHOUSES @ 3.5 SPACES/UNIT = 175
(2 CAR GARAGE/DRIVEWAY)
TOWNHOUSE (OPEN FIELD PARKING) = 128
(60) AH BUILDING @ 1.0 SPACES/UNIT = 60
(50) AH TOWNHOUSE @ 2.0 SPACES/UNIT = 100
(EXTRA OPEN FIELD PARKING) = 25
TOTAL SPACES PROVIDED = 790
TOTAL SPACES IN EXCESS = 147
ADDITIONAL PARKING PROVIDED
EXIST. BOSCOV'S SPACES TO REMAIN = 516
EXIST. MALL SURFACE SPACES TO REMAIN = 74
MALL FOOD COURT PICKUP = 25
SURFACE SPACES (FROM 206 SPACE LOT) = 59
CHILDREN’S NEUROLOGICAL CENTER - CNNH = 30
PROPOSED PARKING FOR STARR BLDG. = 200
Source: Esri, Maxar, GeoEye, Earthstar Geographics, CNES/Airbus DS, USDA, USGS, AeroGRID, IGN, and the GIS User Community Powered by Esri
PROPOSED PARKING FOR MALL = 52
INDOOR PARKING SECOND LEVEL MACY'S = 200
PROPOSED 206 PARKING SPACES
EXISTING STARR
BUILDING
TO REMAIN
CPL PARTNERSHIP LLC
95 MATAWAN ROAD | SECOND FLOOR
MATAWAN, NJ 07747
P. 732-566-0297 | www.cplpartnership.com
PROP. 5 LEVEL PARKING GARAGE = 1500
OUR EXPERTISE
♦ Commercial real estate
acquisitions and dispositions
♦ Financing and leasing
♦ Redevelopment, land use
and zoning
♦ Environmental compliance
and remediation
♦ Tax abatements, construction
contracts and dispute resolution
OUR CLIENTS
Scarinci Hollenbeck represents regional
and national developers, private equity
firms, real estate investment trusts,
institutional investors and real estate
holding companies. Our clients are
active in the development, acquisition,
financing, leasing and repositioning of
retail, multifamily residential, mixed-
use, logistics and infrastructure projects
throughout New Jersey and the New
York metropolitan area.
PROJECT SPOTLIGHT
Scarinci Hollenbeck is representing a
regional developer in connection with
a transformative 55-story mixed-use
tower in Jersey City’s rapidly expanding
Journal Square neighborhood. Located
near the historic Loew’s Jersey Theatre,
the project will include 840 residential
units and nearly 50,000 square feet of
retail space. The development involves a
redevelopment plan amendment with a
substantial density bonus, coordination
of a new public “Art Walk,” navigation of
the city’s Historic Commission require-
ments, negotiation of a comprehensive
redeveloper agreement addressing land
contributions and access rights, commer-
cial tenant relocation, affordable housing
compliance and numerous county, state
and local approvals.
The firm also represents Hoboken
Brownstone Co. in the redevelopment of
the Echelon Mall in Voorhees, the third
major retail mall transformation the firm
has helped lead in the past five years,
following the successful redevelopment
of Monmouth Mall and the Flemington
Outlet Mall. The Echelon project includes
redevelopment plan amendments and
agreements, long-term tax abatements,
redevelopment area bonds, Aspire tax
credits, settlement of affordable housing
obligations, adaptive reuse of existing
mall space, national development part-
nerships and complex easement negotia-
tions, all within a challenging public and
private financing environment.
ON THE HORIZON
2026 is poised to be a pivotal year
for New Jersey real estate. Con-
tinuing the trend that we first saw in
2023, Scarinci Hollenbeck is currently
representing a number of regional
and national developers in retail mall
redevelopment projects. At the same
time, interest from New York-based
investors continues to grow as capital
flows into New Jersey’s redevelop-
ment pipeline. With our expanded
New York City presence, we are well
positioned to guide cross-border
transactions, entitlements, financing
and public-private initiatives in an
evolving regulatory landscape.
ONE MORE THING
Over the past year, Scarinci Hollen-
beck has expanded our real estate
and litigation practice groups to
include several attorneys with exten-
sive experience in real estate devel-
opment and litigation. In addition to
our ability to handle a broad variety
of real estate transactional matters,
we are also equipped to represent
our clients with real estate litigation,
commercial landlord tenant matters
and alternative dispute resolution.
150 Clove Road, 9th Floor
Little Falls, NJ 07424
331 Newman Springs Road
Building 3, Suite 310
Red Bank, NJ 07701
519 8th Avenue, 25th Floor
New York, NY 10018