flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

An industrial ‘eyesore’ is getting new life as an apartment complex

Multifamily Housing

An industrial ‘eyesore’ is getting new life as an apartment complex

The project, in Metuchen, N.J., includes significant improvements to a nearby wildlife preserve.


By John Caulfield, Senior Editor | May 12, 2023
Rendering of Class A apartment building in Metuchen, N.J, that replaces a factory-warehouse.
A Class-A apartment building will replace a factory-warehouse that's been closed for decades in Metuchen, N.J. The developer is paying for this redevelopment through an incentive program that will provide the municipality with investment capital for infrastructure improvements. Image credit: Klein Enterprises

Last month, the demolition of a dilapidated warehouse/factory in Metuchen, N.J., commenced to make way for an apartment complex with 272 Class A studio, one-, two-, and three-bedroom units.

The multifamily community redevelopment is being spearheaded by Klein Enterprises, a 75-year-old firm with nearly 60 assets in its portfolio. Last year, Klein acquired the Gulton factory as part of the development parcel that is adjacent to a 30-acre wildlife preserve. It made that acquisition under the PILOT incentive program, which allows the developer to make payments to the borough in lieu of taxes based on the project’s revenue. Over the 30-year agreement, it is estimated that Klein Enterprises will pay $20 million. The borough would receive 95 percent of the PILOT revenue.

This project will provide Metuchen—a bedroom community that’s a 45-minute train ride from New York City—with millions of dollars to invest in infrastructure. Prior to the start of the factory demolition, the property had already undergone a $10 million environmental remediation that included the planting of 3,000 trees. (The land is bounded on the west by a borough-owned woodland within the wildlife preserve, which will receive $1 million of Klein’s PILOT payments earmarked for improvements that include a network of trails and paths, more open space, and access and parking for a new nature preserve.)

A solution after years of discussion

The apartment complex is expected to take 24 months to complete by the fall of 2025. Fifteen percent of the units will meet New Jersey’s affordable housing requirements. Six of the apartments, all on the ground floor, will be one-bedroom live-work homes.

The community’s interior design will honor artists, literary figures, and intellectuals who brought culture and the arts to Metuchen in the 1800s. The project is also pursuing green initiatives that include a partial green roof, large solar array, electric car charging stations, LED lighting, and a pollinator garden. Other amenities will include a dog park, pool, and community garden.

The site of the apartment complex is located at 212 Durham Avenue. Metuchen Realty Advisors, which acquired the land in 1986 and did the environmental cleanup, sold a piece of the land to Middlesex County, and will transfer the remaining open space after the community is completed. This land is adjacent to the planned expansion of the popular Middlesex County Greenway linear park.

Metuchen Mayor Jonathan M. Busch was quoted as stating that discussions about how to redevelop this industrial site had been ongoing for decades. (The Borough designated the Gulton property as an area in need of development in 2015.) The redevelopment, he stated, “enable[s] us to open the largest recreational space in Metuchen, fund a variety of important infrastructure projects, and help protect our environment, all while providing our community with new housing options.”

The apartment complex is located near Metuchen’s train station, and will be within walking distance to the borough’s downtown.

Related Stories

Multifamily Housing | Feb 19, 2015

Is multifamily construction getting too frothy for demand?

Contractors are pushing full speed ahead, but CoStar Group thinks a slowdown might be in order this year.

Multifamily Housing | Feb 18, 2015

Make It Right unveils six designs for affordable housing complex

BNIM is among the six firms involved in the project.

Office Buildings | Feb 18, 2015

Commercial real estate developers optimistic, but concerned about taxes, jobs outlook

The outlook for the commercial real estate industry remains strong despite growing concerns over sluggish job creation and higher taxes, according to a new survey of commercial real estate professionals by NAIOP.

Multifamily Housing | Feb 17, 2015

NYC multifamily sales increased by 39% in 2014

For New York City as a whole, $20 million-plus deals accounted for more than half of all transactions.

Multifamily Housing | Feb 17, 2015

California launches pilot program to finance multifamily retrofits for energy efficiency

The Obama Administration and the state of California are teaming with the Chicago-based MacArthur Foundation on a pilot program whose goal is to unlock Property-Assessed Clean Energy financing for multifamily housing.

Multifamily Housing | Feb 17, 2015

Young Millennials likely to return home

Ninety percent of individuals born between 1980 and 1984 and who hold a Bachelor’s degree left home before they were 27 years hold. However, half of this group later returned to their parents’ home, according to a study by the National Longitudinal Study of Youth.

High-rise Construction | Feb 17, 2015

Work begins on Bjarke Ingels' pixelated tower in Calgary

Construction on Calgary’s newest skyscraper, the 66-story Telus Sky Tower, recently broke ground. 

Mixed-Use | Feb 13, 2015

First Look: Sacramento Planning Commission approves mixed-use tower by the new Kings arena

The project, named Downtown Plaza Tower, will have 16 stories and will include a public lobby, retail and office space, 250 hotel rooms, and residences at the top of the tower. 

Codes and Standards | Feb 12, 2015

New Appraisal Institute form aids in analysis of green commercial building features

The Institute’s Commercial Green and Energy Efficient Addendum offers a communication tool that lenders can use as part of the scope of work. 

Multifamily Housing | Feb 9, 2015

GSEs and their lenders were active on the multifamily front in 2014

Fannie Mae and Freddie Mac securitized more than $57 billion for 850,000-plus units.

boombox1
boombox2
native1

More In Category

Curtain Wall

7 steps to investigating curtain wall leaks

It is common for significant curtain wall leakage to involve multiple variables. Therefore, a comprehensive multi-faceted investigation is required to determine the origin of leakage, according to building enclosure consultants Richard Aeck and John A. Rudisill with Rimkus. 




halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021