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Mayor: Meridian Building nearing occupancy; Smith project next for review
Summary
The mayor said the Meridian Building has approximately 160 units with temporary COs and an incoming restaurant tenant; councilmembers discussed the Smith redevelopment project and the process for planning‑board review and redevelopment agency oversight.
In the mayor's report the borough said the Meridian Building project is moving toward occupancy, with temporary certificates of occupancy for roughly 160 apartments and a restaurant tenant expected to open later this summer. The mayor said leasing would likely begin at the end of August and move‑ins could start in mid‑September.
Council members noted that the redevelopment process requires developers to return with revised designs and that the Smith project (a previously reviewed proposal along Colfax between Wanaque and Lakeside) has been reduced in height and unit count after redevelopment‑agency review; the mayor said retail space will be prioritized on the ground floor and that there will be no exterior parking structure for the Smith site.
Councilmembers framed these projects as central to attracting seniors and young adults to downtown while supporting existing mom‑and‑pop businesses. Staff promised continued redevelopment and planning‑board review and said property owners would be offered the chance to return to retail space where feasible.
