PATERSON, NJ – Efforts to redevelop the Ward Street Garage site into a transit oriented development took a step forward Friday when Mayor Andre Sayegh and the Paterson Parking Authority jointly announced that a redeveloper has been selected for the portion of the land that sits adjacent to where a new 850 space parking garage is set to be built.
According to a statement by Sayegh 11 developers “engaged in the process” with Tony Loconte, a well known figure in Hudson County real estate circles, submitting the successful project through Ward Street Development, LLC.
The proposed development is said to be a 169,150 sq. ft. mixed use project that will include approximately 160 residential rental apartments, over 10,000 sq. ft. of communal and private office space, amenity space that includes a movie room/ game room/ party room/ lounge area, a fitness center, and outdoor recreational space that include BBQs and seating areas. The development will also include other conveniences of modern life including an on site car sharing service, bicycle rentals, automated shipping lockers, and a job incubator component.
Reiterating earlier statements that his Administration is seeking to attract millennials who want to live in downtown urban settings with access to mass transit, Sayegh said that the project is “essential to the progress of Paterson’s future."
“Ward Street Development, LLC submitted a very feasible proposal which conforms to the City’s adopted redevelopment plan,” said Paterson Parking Director Tony Perez. “I am most excited about the transit oriented design and what this will do to stimulate further growth of Paterson’s downtown - taking advantage of what has always been available but seldom used by Patersonians, namely the train station.”
Dwayne Cox, Chairman of the Paterson Parking Authority said that the selection process for the project was an extensive one and that the assortment of proposals made theirs’ “a tough decision."“The selection committee included the highly respected professional planning firm of Hyer, Gruell, & Associates along with architectural, construction, and financial professionals.
Praising Sayegh for “leading Paterson in the right direction,” LoConte sought to back up his firm’s credentials saying that have “successfully developed property for over 30 years,” and that they have “a proven track record of substantial urban development and improving neighborhoods for residents and small business.”
“It is very exciting to bring that experience to Paterson.”
The project is expected to be completed by the first quarter of 2021 city officials said.