PATERSON, NJ - A new four-story, 56 unit, apartment building now stands where an abandoned building formerly represented urban blight. Under bright, sunny skies, Mayor Andre Sayegh joined with the developers, and other community leaders to salute "a five-star complex.”
“This project represents the progress in Paterson that we are so proud of,” Sayegh said. “We want families to thrive here.”
The new $9 million residential development, Five Stars Complex, took approximately 18 months to complete and was constructed from the ground up, according to developer Bill Selah. Located in South Paterson on Hemlock Street, dwellings consist of one, two, and three-bedroom apartments and the building is now totally occupied. The average cost for a two bedroom is $1500-$1600 a month, Selah told the group of area residents and local officials.
“All of our apartments are energy efficient and have the best of heating and air-conditioning,” Selah elaborated. “I hope this brings life to everyone. I believe the cost falls into the general budget of people living in this area.”
“This project speaks volumes,” Councilwoman-At-Large Dr. Lillisa Mimms told the audience. “This is another day of the great transformation of the city of Paterson,” she added with her colleague, 5th Ward Councilman Luis Velez adding that “now we have a beautiful new building,” where an eyesore once stood.
“We want Paterson to be a model city for other cities,” Dr. Mohammed Qatanani, Imam of the Islamic Center of Passaic County said in offering a closing prayer. “We are a diverse city but we are united. We are all Americans and are all brothers and sisters. This place will be good for the poor and needy and will not take advantage of tenants. We don’t just want people to get money and forget the poor. We need to work together and serve one another.”
With this third local project in his portfolio completed, Selah, who said this one came from his “heart and checkbook,” shared a hope to complete several more. “I believe the City of Paterson has a great future.”
“I feel great when tenants walk in the building and say they never thought they would see this in their own area.”
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