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Authority reviews status of seven redevelopment projects; possible revocations, extensions and new applications discussed
Summary
Counsel briefed the board on seven pending redevelopment sites in New Brunswick, including stalled starts on Jersey Avenue and Elks Building, a litigation-related delay at Lower George Street (NB Plaza), and environmental delays at Fulton Square. Staff flagged potential 90-day notices and one-year extension requests where appropriate.
Counsel John Hoffman presented a status update on multiple redevelopment projects the authority is monitoring and asked the board how it wishes to proceed where developer activity has stalled.
Hoffman summarized seven matters: Jersey Avenue (922 Jersey Avenue) — a 660-unit residential project with 1,279 parking spaces and commercial/office space whose construction start, originally scheduled for March 1, 2022, has not begun and whose redeveloper has not responded to the authority's written inquiries; Sovereign Consulting (flex warehouse and office) — no response to inquiries; New Street Associates (40 Livingston Avenue, the Elks Building) — a 24-story mixed-use project approved in February 2024 contingent on execution of a redevelopment agreement that has not yet been signed; NB Plaza…
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