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.

Continue reading on JerseyDigs.com >>>

The 5 Things Interior Designers Always Notice in Your Home

what-interior-designers-notice-homesWouldn’t it be so nice to know what an interior designer actually notices in your home? Having this information would make it that much easier when you clean or decorate new spaces, or even when you decide what to renovate and what to leave as is. It can be somewhat difficult to take a critical eye to your own space that you see consistently day after day, but knowing where to place your focus and creative energy would certainly help to take out some of that guesswork, so we decided to reach out to design professional Shelly Gerritsma from Canter Lane Interiors instead. Read on to learn the five design elements she always notices first and wants you to focus on first as well.

Continue on PopSugar >>>

More Homes Sold, Fewer Available

2017-03-02_11-47-28via The New York Times – According to data from the National Association of Realtors, the number of existing homes sold in 2016 was the highest in a decade: 5.45 million single-family houses, townhouses, condominiums and co-ops were sold, up 3.8 percent from 5.25 million in 2015. The previous high, in 2006, was 6.48 million.

All but the least expensive homes (those priced up to $100,000) showed an increase in sales, with the greatest gains for homes priced between $250,000 and $500,000.

Not surprisingly, by the end of 2016 the number of existing homes for sale had dropped 6.3 percent compared with a year earlier, to 1.65 million — the lowest number since the National Association of Realtors began tracking that figure in 1999. Coupled with rising interest rates, that could make buying a home more challenging in 2017.

FULL ARTICLE

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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More millennials buying homes without parents’ help

2017-01-11_10-49-39Younger homeowners are increasingly buying first homes, without the Bank of Mom and Dad.

Sometimes they go it alone out of a desire for independence; sometimes it’s a reflection of their parents’ financial realities. Whatever the reason, area real estate agents say the trend speaks well of millennial homebuyers.

According to the National Association of Realtors, millennials were the largest generation of homebuyers in 2015 at 35 percent, and 67 percent of them were first-timers. The association’s 2016 “Profile of Home Buyers and Sellers” report notes that the second-most popular way for first-time buyers to finance their down payment was a gift from a relative or friend, at 24 percent – a drop from 27 percent in 2015. (Savings was the preferred choice among 76 percent of respondents.)

Full story at NorthJersey.com >>>

STYLISH CONDO LIVING

This condo open living and dining space was pulled together with a neutral palette, texture and a burst of teal throughout the space. The focal point of the rooms is a custom painted cabinet, which was originally brown with glass doors. A local artist transformed it to a lovely show piece. The living space allows for relaxing and entertaining and the luxurious crystal chandelier and elegant sconces add sophistication to this lovely room, designed for a lovely couple. (via houzz.com)

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