FANWOOD, NJ -- Liz Jeffery, Fanwood's director of economic development, reported on the most recent happenings in downtown redevelopment at the Borough Council's meeting on Monday evening.
Among the highlights:
- Station Square’s first tenants have signed leases to move into the development. According to unofficial estimates by Fanwood officials, about 1,500 people have applied for the seven affordable housing units at Station Square, a sign of the high demand for affordable housing.
- Young’s Paint Building (1 South Ave.) has submitted a site plan to the Planning Board.
- Old South Ave. has been designated as an Area in Need of Redevelopment. The Borough now has to draft the scope of services and retain a firm to write a redevelopment plan for Old South Ave. The goal is hire a firm by December.
- Sheelen’s Crossing hosted its third annual street festival on Saturday, Nov. 3
- Edward Jones has rented the old Be Craftful space.
- Multiple parties have inquired about renting the old Rice Inn space (46 South Martine Ave.)
- The old Bath Connection (44 South Martine Ave.) remains empty.
- Saturday Mornings in the Plaza have concluded for Fall 2018 and are scheduled to return in Spring 2019
Fanwood’s downtown was featured in the Courier News ("Fanwood Continues Redevelopment of Downtown, Commercial Corridor" by Bob Mackin). The article focused on what has been accomplished thus far and what is yet to come.
"We’ve created more 40 new jobs with Lightbridge Academy, The Fanwood Grille, Fanwood Eye Care, Monk's, and the other new businesses downtown," Jeffery said. "We have new employment and investment in our downtown. It lays the groundwork for future growth."