Colgate-Palmolive campus set for redevelopment

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

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38 Units Above Ground Floor Retail Space Proposed

morristown-real-estate-development-45-morris-streetOver the last decade, like many other communities across the state, Morristown has experienced a surge in residential and commercial development, particularly in its downtown area close to the Morristown Green. The community, which is the county seat of Morris County, is known for its wide variety of shops and restaurants, historical attractions, walkability, and transportation access, which has prompted many from across the state and the world to relocate there.

From the Century 21 department store on the Green to Colombian bakeries along Speedwell Avenue to the Mayo Center for the Performing Arts on South Street, there is a lot to see and do despite the town’s relatively small size. Now, another new mixed-use development is being proposed for the community.

According to records from the Morris County Planning Board, the latest project could be built next to the Grasshopper Off The Green pub and restaurant at 45 Morris Street, at the corner of Wilmot Street. The proposal calls for the structure to contain 38 residential units along with retail space, and for the structure to be five stories tall. “The number of proposed parking spaces is fewer than the number of proposed apartment units,” the records state.

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Development In Morristown: Something Old, Something New

morristown-nj-real-estate-development-1285x840via Jersey Digs – One of the oldest towns in New Jersey has become the poster child for “smart growth” and with the continued shift towards walkable living being desired, the military capital of the American Revolution is adding some modern housing to its historic landscape.

Morristown, just over 18,000 people and about 40 miles from NYC, is undeniably farther removed from the region’s urban core than other growing downtowns. However, it does feature direct train service to Penn Station, which helped their population grow by almost 15% during the 1990s.

State officials took notice, designating Morristown as of one of New Jersey’s first “transit villages” back in 1999. Those efforts, along with a revamped zoning code and a few redevelopment plans, have jolted life and development into areas near South Street, the town’s main drag.

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