MADISON, NJ – A detailed presentation of the future complex at Green Village Road dominated a significant portion of the Madison Council meeting Monday night.
Robert Powell of KRE Group presented a $1 million check to the Board of Education.
As Mayor Robert Conley explained, the project became a joint partnership with the borough, the school board and the developer. “It took longer than we expected,” he said. The elementary school on the property closed in the 1970s and was then used for other purposes, but had not been occupied for the last five years.
Powell emphasized the intensive, collaborative work during the last two years on the “five acres in the middle of the historic community.” His team realized, he said, that the plan should be something that would work long term and that people today want to live downtown. “We were passionate about the design,” he said, referring to the historic buildings in downtown Madison.
The four buildings will have underground parking and LEED certification as well as the New Jersey Star program. The complex will have 135 residential units in four separate but connected buildings: 35 large condos for sale and 100 luxury rental units, mostly two bedrooms, but some one bedroom and six studios. They will be sold and rented at market rate. But the developer will also make a $2 million contribution to affordable housing for 14 units elsewhere in the borough.
The next step is the Planning Board, Powell said, with construction proposed in the spring of 2015.
Architect Dean Marchetto, whose firm is located in Hoboken, said he lives in Chatham and spends considerable time in Madison. He related his design for the units to the Flemish architecture of the building at Main Street and Green Village Road that houses Blue Ridge Mountain Sports.
The first building would be rental, set back with a park and 3,000 square feet of community space. A restaurant will be housed on the premises and a pavilion for poetry readings or performances. The exterior of the buildings will be brick with other materials and bay windows. In one area will be a landscaped plaza for residents, a fitness center, community room and outdoor pool. Most of the buildings will be four stories, with one at three stories to accommodate the rising, hilly terrain along Green Village Road.
“This is more than just turning over a piece of property for dollar value,” Mayor Conley said. “It’s a place to live and reside with space for the public. When fully occupied, it will be the second largest tax payer in Madison.”
Following the presentation, the council discussed amendments to bylaws. An ordinance was introduced to authorize fines for failure to maintain vacant properties and to require out-of-state creditors to designate in-state representatives.
The next council meeting is scheduled for 8 p.m. Wednesday, Oct. 15.