Bring on the units

From Gothamist:

After years of delay, former Toys ‘R’ Us headquarters in NJ will be turned into housing

Seven years after Toys “R” Us declared bankruptcy, a deal to put a substantial amount of housing on the site of the company’s former New Jersey headquarters is finally moving forward.

Town officials in Wayne Township this week passed an ordinance to rezone the property for residential use. That clears the way for the developer who purchased it from Toys “R” Us in 2019 to redevelop a substantial chunk of the 191 acres of land into 1,360 apartments, more than 200 of which will be affordably priced for low- and middle-income people. The town has a duty to develop about 500 affordable homes under a state mandate, but Wayne officials have waged a protracted battle with the state over how to fulfill this obligation.

The news comes after five years of negotiation between Wayne and the new owner of the land, Point View Wayne Properties, which has been trying to develop the area for years. The real estate development company met resistance from the township officials over its plan to build residential units, and negotiations were only able to move forward after Point View threatened to sue over Wayne’s alleged “intransigent behavior.”

A Passaic County Supreme Court judge on Oct. 1 ordered the township to rezone the property within 30 days so that construction could move forward. Following the 5-2 vote on Tuesday night, Wayne Town Council President Jason DeStefano told Gothamist that adopting the rezoning was the “right thing to do.”

Wayne taking five years just to take the initial step of rezoning what’s been a mostly dormant corporate site since the Toys “R” Us bankruptcy shows how some New Jersey towns are scrambling over their state obligation to provide affordable housing.

New Jersey next summer will begin the fourth round of its state-mandated affordable housing development under the Mount Laurel Doctrine, a 40-year-old state Supreme Court decision that says more than 500 towns across the state must contribute their fair share of low-priced housing in a series of time periods known as “rounds.”

To prepare for the next round, which is scheduled to last 10 years, the state is providing towns this month with target numbers for how many affordable units it wants each municipality to develop. Towns like Wayne, one of the largest geographically in the state, could be asked to develop hundreds — or up to 1,000 — more affordable housing units over the next 10 years.

DeStefano confirmed to Gothamist that the hundreds of affordable homes earmarked for the former Toys “R” Us headquarters site would go toward satisfying units the town still owes for the prior Mount Laurel round.

This entry was posted in Demographics, Economics, Housing Bubble, New Development, New Jersey Real Estate. Bookmark the permalink.

25 Responses to Bring on the units

  1. Fabius Maximus says:

    Friskies

  2. AJ says:

    Bring on the state mandated urban sprawl…

  3. BRT says:

    I drove through Cranbury over the weekend on the way to Keyport for softball tournament. New homes everywhere on old farmland. Stopped at a tiny shack for lunch, Keyport Fishery. For fried fish & chips, might be the best in the state. On par with all those nice little spots in Maine.

  4. Fast Eddie says:

    1,360 apartments, more than 200 of which will be affordably priced for low- and middle-income people.

    You won’t have to go to Paterson any more for your P-Funk. Just drive behind that building and “Shades” will hook you up, yo.

  5. Libturd says:

    BRT,

    What do they charge and is it Cod or Whiting? I’m in that area a lot so nice to know.

  6. OC1 says:

    Bring on the state mandated urban sprawl…

    Large apartment complexes are the opposite of sprawl!

  7. Libturd says:

    BRT,
    Yeah, that place has been there forever. I thought it was something new. It’s pretty good and not too overpriced. I haven’t been there since I was a kid.

  8. Chicago says:

    I thought you came over here for Dave’s Hot Chicken in East Brunswick.

    I son is waiting for Cava.

  9. Libturd says:

    Hot chicken is the Froyo of 2024.

  10. Fast Eddie says:

    New homes everywhere on old farmland.

    I fully expect New Jersey to collapse under its own soggy weight when every square mile becomes as populated as Hoboken. Any amenity you need can be found even in the most rural of areas. If ongoing medical needs are required, a 90 minute drive to a major city with top medical processes can be had. Other than that, milk is milk, bread is bread and an apple is an apple anywhere.

  11. BRT says:

    Lib, flounder or haddock. It’s perfectly fried, no excess grease.

  12. BRT says:

    best hot chicken in my opinion is Namkeen in Chatham. They do a Pakistani version of it which is out of this world.

  13. Fast Eddie says:

    This is beautiful… I just took a break from some work stuff, turn on the tube and switch to MSNBC. There’s some Latino guy in a split screen spouting how Trump denigrates the Hispanic people while… get this… a room full of Hispanic people are on their feet, clapping for Trump at the round-table meeting in Miami. Lol. Talk about an ‘oops’ moment. He puts down the Hispanic people as they clap while on their feet.

    Meanwhile, I switch to CNN and another split screen showing Trump in that Miami meeting and their saying how he’s using the rhetoric at the meeting that sounds like Castro, explaining his plan to become dictator. LOL. Omg, this is classic stuff. All in the span of five minutes, the whacky narrative from the lefties doesn’t fail to entertain,

    See, the left sits back like bloated couch potatoes ragging on Trump and Trump keeps winning the narrative, winning the spot light and winning the news cycle. Cumella is somewhere adrift at sea, not taking questions because Maria Shriver is telling us all questions are “pre-determined”. Oh my God. Lol!!

  14. Phoenix says:

    Ahh, the article I quoted days ago.

  15. 3b says:

    Thanks. Lib, Chgo, Fab, No One for the tire recommendations,

  16. OC1 says:

    Meanwhile, I switch to CNN and another split screen showing Trump in that Miami meeting and their saying how he’s using the rhetoric at the meeting that sounds like Castro, explaining his plan to become dictator. LOL.

    Yeah, but is he sharing any more info about various golf stars genitalia?

    Really curious about how Jack Nicklaus – “the golden bear” – stands up in that department!

  17. Fabius Maximus says:

    Donnie at McD’s is giving us some comedic genius.

    Alien Super Show @aliensupershow
    we asked AI for an ACCURATE depiction of Trump ACTUALLY working at McDonald’s
    https://x.com/aliensupershow/status/1848438728148111822

  18. Libturd says:

    It appears to me that the Golden Showerer is just a little jealous of the Golden Bear.

  19. No One says:

    This is why I don’t like taking showers in locker rooms. Don’t need people talking about my huge c0ck even decades later, distracting them from my real achievements.

  20. LAX says:

    Ah, took my ol’ M3 to work today, gorgeous out. Top down and that little straight six buzzing along those country roads. Its a year 2002, which to me is significant because that was a really transitional year for me. I left “tech” and by the summer of 2003 I’d secured a job teaching in NJ. I remember those cars from the showrooms and at that point I think they ran about $60k, way out of reach for a ‘new teacher’ making $43k. I found the one that I have now just before covid and lovingly replaced the old suspension and other pieces that needed attention. It’s a weekend car, but it’s mine.

  21. LAX says:

    1:12 Golden Bear was Nicklaus….FWIW But I see what you did there.

  22. SmallGovConservative says:

    Libturd says:
    October 22, 2024 at 1:12 pm
    “It appears to me that the Golden Showerer is just a little jealous of the Golden Bear.”

    What a surprise, a humorless flub of an un-funny joke by a TDS-inflicted leftie. As if we needed any more examples to prove that the left has lost it’s sense of humor.

  23. chicagofinance says:

    I read these consecutively……. the second reads a bit different……

    No One says:
    October 22, 2024 at 1:20 pm
    This is why I don’t like taking showers in locker rooms. Don’t need people talking about my huge c0ck even decades later, distracting them from my real achievements.

    LAX says:
    October 22, 2024 at 1:38 pm
    Ah, took my ol’ M3 to work today, gorgeous out. Top down and that little straight six buzzing along those country roads.

  24. chicagofinance says:

    Juice: was at Charlie’s of Lincroft again today for a corporate function……. what a waste…. the steak they served was glorified diner food…. gristley, tough, and had to cut off the fat…. WTF? are they insane?

  25. Hold my beer says:

    Y’all should try BBQ Chicken if there are any near you. It’s a Korean fried chicken chain. The chicken gets fried twice to make it crispier and there are 14 different sauces from mild to burn a hole in you level of spice to choose from.

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