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Bergen County: Housing development projects to complete in 2007
Englewood helps affordable housing
Teaneck Holds a Housing plan
Teaneck on the road to development
Fairlawn Holds a Building plan
Bergen County: Housing development projects to complete in 2007
The area situated between Fort Lee and Jersey City has a few large housing projects along the riverfront which are due to complete, and residents moving into their new houses may soon become a common sight to behold. While plenty of construction took place in the year 2006, only very few houses could be completed and occupied.
This year the figures of occupancy will be much higher as more houses are complete and prices are also lower as compared to last year. One of the luxury housing projects in this area of Bergen County is 200-unit condos called the Watermark. Prices here range from $1 million to $4 million. Other developments seen in North Bergen are The Views at Hudson Pointe with 146 housing units and the Insignia Gardens with 50 unit condominiums approximately. It is also predicted that an increase in this form of housing will allow for a stable tax record and will not have any drastic impact on the traffic and resources of the town also.
A new ferry terminal would also soon come up and begin service from March 1, 2007 at the base of Route 5 and the River Road. Its course is still to be charted out. Also as most residents would be young couples, schools would also not be over burdened. As per current estimates, out of the 6000 people already residing in these constructions, only 30 children have been added to school.
Englewood helps affordable housing
Englewood is considering a tax on future construction. The revenue would be directed toward more affordable Englewood real estate. The amount known as ‘development fees’ would be charged at 1% of the assessed value of a housing property or 2% for a non residential development project.
As per a new ordinance introduced early in February, developers who receive either preliminary or final approval of site plan before the ordinance goes into action will be exempt from it. However developers who seek a substantial change in approval after the ordinance is accepted by the council vote, will be levied the new taxes.
With affordable housing obligations slated at approximately 200 over the next five years, officials state that the move could prove helpful. It could not just help in construction efforts, but also for rehabilitating buildings and purchasing private properties. A public hearing on the tax plan is scheduled to take place on March 13th. A council vote will also soon be passed on the ordinance.
Teaneck put on hold a fourteen storey condominium complex about to come up and Bergen developers, the developers for the project, are reviewing future plans for the property. The proposal had been initially put forth the Teaneck zoning board of adjustment and had soon been withdrawn when the residents in the neighborhood protested the project.
The neighbors of the half acre plot in Teaneck off Fort Lee road, where the construction would have taken place, expressed concern over the increase in traffic and pollution that the building could cause. Residents also felt that the infrastructure of the neighborhood would not be able to cope up with an increase in number of people. Developers stated that the building would be an aesthetic improvement as it would replace the warehouse. As talks were on, Dennis McNeary, Bergen County executive entered the scene and wrote a letter to the authorities asking for the project to be approved.
Teaneck on the road to development
Teaneck is witnessing a various road and pedestrian improvement projects on Route 4. Timeline has been set for various projects like replacement of bridge across the CSX railroad tracks, Palisade Avenue and Windsor Road. Other projects include repairing or replacing sidewalks, stairways, bus stops and pedestrian crossings along Route 4.
The project of the bridge is estimated to cost $30 million and $1 million would be used for other projects. Feasibility assessments on the projects still need to be taken up and state officials hope to complete these assessments based on impact and cost by June 2008. The design element would complete by 2010 and construction is slated to begin soon after that.
However many residents are upset that the list does not include improvements on the Belle Avenue region, a clogged bottleneck at the Teaneck part of the highway. Officials and residents state that this is a major area of concern and the community must work together for finding a solution to the bottleneck.
Fairlawn Holds a Building plan
A high density townhouse project, slated to come up on the 13 acre polluted tract of the Clariant Corp. has been put on hold for the time being. This decision came up after the borough decided to delay voting on the issue up till March 6, 2007.
While an ordinance to covert the chemical factory to a residential area was passed in January 2006, Republican council members were against the attitudes of the Democrats and alleged that the council had allowed the builder his way on various key issues, especially on environment improvement. The site is a highly contaminated one and in the midst of a cleanup. However as per Republican council members, the ordinance does not need the developer to wait until the remediation is complete.
Another issue of contention was that the housing was not as much age-restricted as was previously discussed. Only a 48-unit gated community has been earmarked for the senior citizens, while there are 130 two-bedroom town houses.
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