HAMILTON, NJ -- The long-neglected Whitehorse-Mercerville property known by many Hamiltonians as the former Cost Cutters and ShopRite properties will soon get a new lease on life with Hamilton Township as the property owner. The property has been vacant for more than 15 years.
At their Tuesday meeting, the Hamilton Township Council unanimously approved of the acquisition of the vacant property at 1750 Whitehorse-Mercerville Road.
“The acquisition of the former Whitehorse ShopRite property is another example of our Mayor and Council working together to redevelop properties that have been neglected and ignored for too long,” said Council President Rick Tighe.
The 8.4-acre property was appraised for $6.55 million in June.
The Township is looking to redevelop the vacant property for public use. The former property owners reached an agreement for the Township to purchase the property for a price of $700,000 with the remaining value of the property being donated to the Township.
"I want to thank Council, the property owner and all those involved in coming up with a creative solution to a decades-old problem," Mayor Jeff Martin said. "This now puts the Township in the driver’s seat on redeveloping the property. While we expect the deal to close by the end of the 2020, we want to hear directly from the residents on what they would like to see at the property."
The deal is conditioned upon the Township’s due diligence to identify potential or existing environmental contamination. The Township said that there is currently no evidence of environmental concerns.
An additional $50,000 was approved by Council for due diligence and closing costs.
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