Bergen County Real Estate News: November 2006 – Week 4

Bergen county news with an emphasis on aspects affecting real estate, residency and community issues.

Bergen County Education – Ramapo College Receives Donation
Law Enforcement Development in Bergen County
Teaneck Real Estate Revived
Bogota to Get Town Houses
Tax Revaluation Needed In Bergenfield

Bergen County Education – Ramapo College Receives Donation

An exciting Bergen County Education development – The Ramapo College in Northeast Bergen is on the receiving end where many would want to be. In amazing developments, the Bergen County College received a $2 million donation, the second largest donation of in its history. This amount was bequest by Ina Anisfield Meyers, an 84 year old woman from Florida who had not heard about the college till five months ago. Through a long lost cousin she met after many years on the Internet, Meyers discovered that Ramapo College was the kind of place where she wanted to make a donation. Since then, other benefactors have also stepped forth with donations but have preferred to remain anonymous.

Law Enforcement Development in Bergen County

A new police station and a borough hall will soon come up in Edgewater, Bergen County as the borough approves the development planned on the former property of Unilever. The council voted 3-3 for the project, with the Democrats being in favor and the independents against the project. The main consideration has been the high levels of contamination at the site and the increased levels of arsenic that have been reported by EPA. According to the proposal for the municipal complex, the borough will pay a sum of $3.7 million to iPark Edgewater, an affiliate of National RE/sources of Greenwich, Conn. i.Park Edgwater would then construct homes, shops and offices on a 24 acre stretch of Unilever owned land at the Hudson river front. In exchange, i.Park would give 2 acres of the former Unilever property to the borough for its borough hall.

Teaneck Real Estate Revived

The Cedar lane shopping district in Teaneck may soon receive a business boost as developers plan for a mixed use construction in this area of Bergen County. The proposal includes a ten storey building that would comprise of retail space, office space and residential units also. As per plan shops would come up at the ground floor while the top floor would be reserved for housing. Developers Neil Gold and Steve Hittman will present the plan to the Planning Board. Even if the Planning Board approves, the project would still require a zoning change from the Township council as the area is currently reserved only for commercial development. A multilevel parking deck that can double the parking in the area has also been proposed.

Bogota to Get Town Houses

Multi-family housing will now come up in Bogota as the zoning board voted 5-1 for the project. The project is slated to be the borough’s first town-house complex on a 0.6 acre lot. As per the proposal 14 town homes would come up at Elm Avenue and West Fort Lee Road. While the site is zoned for commercial use, DPA Associates, the developer garnered much support as the panel was convinced that town homes were most appropriate in the area. While the board members are enthusiastic, residents in the neighborhood have their reservations. Many feel that the construction would not match the character of the Bergen County neighborhood which mainly has one and two family Bergen County Victorian homes. Many also feel that the project would cause more traffic and noise pollution in the area. However board members stated that the project is still in development phase and still needs design and layout approvals.

Tax Revaluation Needed In Bergenfield

The borough in Bergenfield will now undergo a reassessment of the tax hikes after a memorandum by theNew Jersey Division of Taxation on October 12, 2006 stated so. This action takes place after many residents have appealed to the state with their own analysis of the revaluation. This revaluation has been a constant source of debate over a year as it hikes taxes by up to 100% for some houses. Findings by the state confirmed that the revaluation was much needed and thus the state officials made several recommendations. Borough residents hope that the state’s memorandum would make a difference. Click here for more Bergenfield Real Estate News.

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