Real Estate

Redevelopment of Riverside Terrace Moving Forward

e91c2ccb27511677b503_4C2D63C8-5AE9-4C21-B167-9B0A1A10751E.jpeg
The 17 buildings will contain (3) one-bedroom, (114) two-bed-room, (39) three-bedroom, and (9) four-bedroom units at the new Riverside Terrace. Credits: Harris Townhome Associates
e91c2ccb27511677b503_4C2D63C8-5AE9-4C21-B167-9B0A1A10751E.jpeg

PATERSON, NJ- Efforts to replace Paterson’s aging Riverside Terrace housing complex took another step forward on Monday with the Planning Board voting unanimously in support of minor changes to the original plan as well as variances related to parking and building construction.

Led by Israel Roizman, Principal of Harris Townhomes Associates, several professionals including an architect, an engineer, and an attorney, explained the changes, which include revising the original subdivision of the property from five lots to three, with Roizman explaining that “financing now in his grasp” allowed them to reduce the number of phases of construction, and, as discussed at a city council meeting in December, speed up the overall timetable. The new units are expected to be completed by 2020.

The developer, with projects throughout the East Coast, is already a prolific contributor to the housing stock in Paterson having built over 250 units including replacing the former Christopher Columbus projects with town homes and the successful completion of 85 unit Belmont Apartments.

Sign Up for E-News

While 135 of the 300 Riverside Terrace units are still occupied Roizman said that all of the tenants will be relocated by the time the financing is in place. The Paterson Housing Authority is responsible for relocating the residents. Responding to question regarding future occupancy from Councilman Luis Velez, Roizman confirmed that those relocated will be given first option to return the new units.

Under the currently approved plan, one of the lots will contain 165 affordable housing units spread out across 17 buildings while a four-story building with 80 units, currently designated for senior citizen housing, will be constructed on the second lot. The Paterson Housing Authority will maintain control of the third lot until they select a developer for it, Roizman told the Board.

Those testifying explained that in addition to the units the sites will also contain two outdoor recreation areas, 191 parking spaces, a 6,150 sf community building, and, according to engineer Mike Gallagher, will be “generously landscaped for a pleasant aesthetic.”

In praising the project Velez repeatedly referred to it as “beautiful” while Commissioner Lilisa Mimms told TAPinto Paterson after the meeting that the new development will “transform a neighborhood, be anew gateway to our city, and is another piece of making a better Paterson.”

 

TAP Into Another Town's News:

You May Also Be Interested In

Sign Up for E-News

Paterson

Upcoming Events

Carousel_image_3f27a97645e7103f9868_flyer__courthouse_plaza_programs_2018-page-001

Tue, July 17, 11:00 AM

Paterson Courthouse Plaza, Paterson

Tuesdays in the Plaza

Wed, July 18, 10:00 AM

Cancer Center Resource Room, Belleville

Living Well with Parkinson’s Disease Support ...

Health & Wellness

Carousel_image_7611ce284a8c86d65b64_37d34f9a-c5cd-4fb1-8bf8-b5b7319cb94e

Wed, July 18, 10:00 AM

Paterson Board of Education , Paterson

Teacher Job Fair

Education

Readers Says Let Developer Bring Paterson Back

July 13, 2018

Dear Editor: 

It is no secret that Paterson is in dire need of revitalizing, restructuring, rebuilding, and, quite frankly, rebranding. As a city, we have struggled to pay our municipal debt, to reduce crime substantially, to create sustainable employment opportunities for our youth and to provide assistance for our city’s most vulnerable residents. 

Today, we face an uphill ...

Pascrell, Renacci, Senators Celebrate House Approval of Congressional Gold Medal to Baseball Pioneer Larry Doby

July 11, 2018

WASHINGTON, D.C. – Today, U.S. Representatives Bill Pascrell, Jr. (D-NJ-09) and Jim Renacci (R-OH-16) hailed the passage in the House of Representatives of H.R. 1861, the Larry Doby Congressional Gold Medal Act. The legislation awards the Congressional Gold Medal to the late baseball star, Larry Doby, who broke the American League’s color barrier in 1947.

“A proud ...

Newark Lures Amazon With $1 Billion Payroll Tax Incentive

July 12, 2018

NEWARK, NJ - Amazon will get a payroll tax break at a cost of $1 billion to the city should the company open its second headquarters here.

It’s one of two ordinances that were approved by the Newark City Council council to sweeten the deal for the corporate giant and stand out among other locations vying for Amazon’s so-called HQ2.

“The City Council has brought Newark a ...

Big Plans for Small Park in Newark’s North Ward

NEWARK, NJ- An under-utilized pocket park on Mt. Prospect Avenue in Newark’s North Ward has become a symbol of what can be accomplished in neighborhoods throughout the city through effective public-private partnerships. 

The park’s supporters have big plans for the public space, located directly across the street from the busy North Ward Center, located in an historic ...

I'm Sorry Mr. Jackson... I Am For Real

July 8, 2018

Hello again, Paterson. 

So much has changed since the last time I’ve written… as I’d hoped, Andre Sayegh is our new mayor and it seems an exciting new dawn is upon us. I think when any change comes, especially one as major as this, there is an opportunity for reflection as well as for hope. This election taught me quite a bit, seeing some of the best and worst sides of ...