Page 23 - Issue 46 Oct2020

HISTORY REIMAGINED
DEVELOPER LAUNCHES SITE WORK, PROCEEDS WITH ADAPTIVE REUSE OF HISTORIC PATERSON COMPLEX
entrepreneurial past while looking forward to a sustainable future.”
The developer acquired the property last December, according to a news release. The firm is now pursuing
REALESTATENJTM 21 Historic Places, the site has proximity
to interstates 80 and 95 and Route
19, with access to NJ Transit bus and train service. The complex is also two blocks from Paterson’s downtown district and minutes from Passaic County Community College, Berkeley College and William Paterson University.
“I believe 24 1⁄2 Van Houten is a strategic site for unbridled potential,” Paterson Mayor Andre Sayegh said. “The 24+Half project will help us to move forward with the progression of Paterson, improving quality of life for residents, as we continue to develop and revitalize the area around the Great Falls National Park.”
A developer is moving ahead with
a sweeping adaptive reuse plan in Paterson, where it hopes to transform a historic industrial complex into
a destination for residents and businesses.
Blue Onyx Cos., which is based in nearby Clifton, announced that it has started site work at 24 1⁄2 Van Houten St., a two-acre site within the city’s Old Great Falls Historic District. It’s among the first steps in a five-year plan to repurpose the property’s seven former mills and warehouses into a modern, mixed-use community hub — known as 24+Half — as it looks to capitalize on the site’s riverfront location and its highway and mass transit access.
The redevelopment will feature roughly 19,000 square feet of residential, commercial, dining and other space, Blue Onyx said. Current plans include:
• Rehabilitated commercial spaces designed to support entrepreneurs, creative makers and startups that will include co-working spaces and shared infrastructure for small businesses
• New construction that will offer
a mix of residential spaces, including co-living units in a range of configurations, although an
SJP COMPLETES
NEW LIFE TIME
CO-WORKING SPACE
SJP Properties is touting the debut of a new co-working space in Bridgewater, the latest addition to its 1.2 million-square-foot Somerset Corporate Center campus.
The firm, through its SJP Project Solutions division, announced it has completed construction of the facility on behalf of the health club operator Life Time. The 31,000-square-foot Life Time Work facility has opened inside 100 Somerset Corporate Blvd., joining the existing 170,000-square-foot Life Time Athletic Center at the five- building office complex.
The concept is meant to allow Life Time members to transition seamlessly from a high-end fitness center to an ideal working environment without leaving the business campus.
exact number of units was not immediately available
• On-site amenities such as a fitness center, food hall, community theater/event space and public gathering spaces, as well as spaces for private and corporate events
• A distillery and beer garden to occupy one building
• A river walk linking the Great Falls to the bridge crossing at Memorial Drive, and passing through the property, which is being planned by the city.
Levi Kelman
approvals from a host of entities, including
city planners, preservation committees and the National Park Service, and has partnered with
global architecture firm HWKN to design the commercial, residential and public spaces.
Listed on the National Register of
“Blue Onyx is committed to bringing strong, positive impact to today’s urban landscape by investing in and developing transformative real estate projects. As soon as we saw this property, we saw its potential as a vibrant mixed-use community,” Blue Onyx CEO
Levi Kelman said. “We’re excited about creating a catalyst for renewal within this historic neighborhood in a way that celebrates Paterson’s
A rendering of 24+Half, a planned mixed-use destination for residents and businesses at the site of a historic mill and warehouse complex in Paterson
“With the addition of Life Time Work, professionals at Somerset Corporate Center are receiving a superior, full- circle office experience complete with a resort-level fitness option, all in one place,” said Peter Bronsnick,
its first Life Time Work location in New Jersey.
Shortly thereafter, Life Time tapped SJP’s third-party construction management division to manage
the build-out of the space. The firm said it leveraged its capabilities and local expertise to streamline the construction of a facility that includes offices, open workspaces, modern
conference rooms and private phone booths.
In addition to Life Time Athletic Center, Somerset Corporate Center also features a new 150-room AC Hotels by Marriot and a Zinburger burger and wine bar. Current tenants include Qualcomm, Bausch Health, Oracle, Cognizant and Merrill Lynch. RE
Peter Bronsnick
SJP’s New Jersey region president. “We look forward
to furthering
our valued relationship with our partners at Life Time, as well as building
this state-of-the-art space for its unique co-working concept.”
The venue is the most recent step
by SJP to create new amenities and services at Somerset Corporate Center, which sits at the nexus of routes 202 and 22 in Bridgewater. The new Life Time Athletic Center opened early last year, paving the way for the operator to sign a lease with SJP for
SJP Project Solutions has completed interior construction of a new 31,000-square-foot Life Time Works co-working space at its Somerset Corporate Center in Bridgewater.
Photos by Peter Dant/Courtesy: SJP Properties Courtesy: Blue Onyx Cos.