Page 28 - RE-NJ

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
SOMERDALE ROAD
8 TOWNHOUSES
PROPOSED
1500 CAR
PARKING GARAGE
BIORETENTION AREA
6 TOWNHOUSES
EXISTING PARKING LOT
TO REMAIN
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
9 TOWNHOUSES
BIORETENTION AREA
6 TOWNHOUSES
BRITTON PLACE
SOMERDALE ROAD
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
8,000 TOWN CENTER BLVD.
BUILDING #9 9,000 TOWN CENTER BLVD.
4 FLOORS
2 FLOORS FLOOR 1 RETAIL 13,111 s.f.
FLOOR 2 RETAIL 14,795 s.f.
FIRST FLOOR RETAIL 13,116 s.f. FLOORS 2-4 44 RESIDENTIAL UNITS
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
PROPOSED 206 PARKING SPACES
EXISTING 160 SPACES PARKING LOT
ECHELON ROAD
TO REMAIN FOR BLDG #12
EXISTING STARR
BUILDING
TO REMAIN
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
CPL PARTNERSHIP LLC
95 MATAWAN ROAD | SECOND FLOOR
MATAWAN, NJ 07747
P. 732-566-0297 | www.cplpartnership.com
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
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
OUR EXPERTISE
♦ Acquisition, disposition,
leasing and fi nancing of all
classes of commercial real
estate
♦ Land use/zoning,
redevelopment and
development incentives
♦ Environmental remediation,
compliance and controversy
♦ Construction contracts and
dispute resolution
with surrounding owners that will
continue to utilize the mall property
for access, all against the background
of a diffi cult development climate
from a governmental and private
funding perspective.
PROP. 5 LEVEL PARKING GARAGE = 1500
A concept plan for the redevelopment of the Echelon Mall in Voorhees, NJ, shows a mix of market-rate and affordable housing, among
other use types.
OUR CLIENTS
At Scarinci Hollenbeck, we
represent regional and national
developers, private equity
fi rms, real estate investment
trusts and real estate holding
companies in the development of
multifamily residential, logistic and
infrastructure projects.
mall space, homeowner association
registration, partnership agreements
with national developers serving
as vertical construction partners
and the negotiation and drafting of
comprehensive easement agreements
PROJECT SPOTLIGHT
Scarinci Hollenbeck is proudly
representing the Hoboken
Brownstone Co. in the third major
retail mall redevelopment project
the fi rm has championed over the
past fi ve years. Having successfully
assisted in the redevelopment of
the Monmouth Mall in Eatontown
and the Flemington Outlet Mall in
Flemington, our attention is now
trending to the redevelopment of the
Echelon Mall in Voorhees, NJ, one
of the most complex, multifaceted
ongoing redevelopment projects in
the state involving redevelopment
plan amendments and agreements,
long-term tax abatements,
redevelopment area bonds, Aspire
tax credits, settlement of the
municipality’s affordable housing
obligations, adaptive reuse of internal
ON THE HORIZON
Overall, 2025 looks like a good
year for the New Jersey real
estate market. We should see a
revival in activity across several
sectors. Pent-up demand
combined with improved market
conditions, falling interest rates
and an infl ux of foreign investors
looking to take advantage of
a closer alignment in U.S. real
estate valuation will encourage
lenders to turn on the faucet on
construction fi nancing, providing
developers the funding they
need to clear a pipeline of
approved projects that remained
stalled throughout 2024. A
further catalyst to growth can be
anticipated in the newly released
“Fourth Round” affordable
housing requirements. We
should see greater cooperation
between developers and local
governments as municipalities
look for ways to satisfy the
present need for 60,000 to
80,000 affordable housing units
and developers with an eye
toward 2026 and beyond look
for new opportunities.
ONE MORE THING
Over the past year, Scarinci
Hollenbeck has expanded our
litigation practice group to
include several attorneys with
extensive experience in real
estate litigation. In addition
to our ability to handle a
broad variety of real estate
transactional matters, we are
also equipped to represent our
clients in real estate litigation,
landlord tenant matters and
alternative dispute resolutions.