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.
As Woodbridge Mayor John McCormac will tell you, a neighborhood can have a 30-year-old, polluted industrial site that has been abandoned for more than a decade — yet local residents still oppose the mere concept of redevelopment.
A midrise apartment building in Morristown has traded hands for $18.5 million, the largest among more than $50 million worth of recent investments sales orchestrated a veteran broker with Gebroe-Hammer Associates.
