via NJBiz.com – After more than 60 years, the former Morris Township/Morristown site of the Colgate-Palmolive company will make way for mixed-use redevelopment.
Whippany-based JMF Properties acquired the property and plans both residential and retail uses for the 64-acre site, including a 150,000-square-foot shopping center, 143 townhomes and 60 rental units.
The majority of the development will be located in Morris Township, with an additional phase situated in Morristown.
“As the owner of a very large parcel with potential impact on multiple towns, Colgate-Palmolive required a developer with extensive knowledge of the municipalities affected by the development,” Colgate-Palmolive Global Facilities Vice President Robert Dietz said. “Additionally, it was critical to identify a developer with experience in building residential and commercial real estate, and one that had a thorough understanding of the redevelopment process.”
JMF has razed all the existing buildings on the property and hopes to break ground this spring. FULL ARTICLE