via The Wall Street Journal/ JOSEPH DE AVILA
Morristown, N.J., has a rich Revolutionary War past and streets lined with Federal and Victorian homes. Its more recent history has included a downtown revitalization that has drawn young residents for its easy access to Manhattan and a lively restaurant scene all near the town center’s known as the Morristown Green.
Morristown is located in Morris County about 30 miles west of Manhattan with a commute time a little under an hour to Penn Station on New Jersey Transit’s Midtown Direct service. Morristown’s downtown train station has been one of the biggest factors that have fueled the town’s growth.
Since then, several condo and rental developments have been built near the Morristown Green and with them dozens of restaurants ranging from upscale steakhouses to ethnic bistros.
One of the biggest new additions to Morristown’s downtown occurred at the site of the old Epstein’s Department Store, which was razed and replaced with a 76-unit condominium complex called 40 Park that opened in 2010.
The building has private parking, a recreation center with billiards and flat-screen televisions, a lounge with a catering kitchen and a gym. The units have built-in surround speakers, cherry or walnut floors and views of the Morristown Green. There are 12 units remaining there ranging in price between $800,000 and $2.2 million.
Another major addition in town has been the redevelopment of the Vail Mansion into condominiums. The structure previously served municipal offices, but had been vacant for years before two new wings were added and a total of 36 condos were built.
The building now has concierge service, a media theater and fitness center. A 2,442-square-foot, two-bedroom condo is on the market there for 995,000.
There are also new rental buildings that have gone up in downtown. The Highlands at Morristown Train Station recently opened and has 217 units. The building has a parking garage, pool and fitness center. Monthly rents range between $1,791 and $3,250. READ MORE AT THE WALL STREET JOURNAL.COM