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

TAPinto Paterson Reader Shares Concerns About Absentee Ballots

April 21, 2018

Dear editor:

I am writing this letter to express a grave concern I have regarding the influx of absentee ballots. To my understanding, absentee ballots were designed to be used by those who are unable to make it to the polls on Election Day. Such as people in the armed services or those who are away on vacation. 

This year’s municipal election will be one for the history books.

Assembly's Longest Serving Member Dead at 79

April 19, 2018

PATERSON, NJ- Paterson's Assembly members, Shavonda Sumter and Benjie Wimberly, are mourning the loss of their colleague, Assemblyman Jerry Green (D-Plainfield) who died on Thursday.

Green, 79, was the longest serving member of the Assembly, and considered to be a champion of affordable housing. Green stepped down as Chairman of the Union County Democratic Organization on January 24 to ...

Paterson Mayor Candidate Andre Sayegh Names Vaughn L. McKoy, a Paterson Native, as Campaign Counsel

April 20, 2018

PATERSON, NJ- Andre Sayegh, the sixth ward councilman who is seeking to be Paterson’s next mayor in the city’s elections next month, has named Paterson native Vaughn L. McKoy, JD, MBA as his campaign counsel.

McKoy, a former state and federal prosecutor as well as a lawyer in private practice, will volunteer and serve as a key adviser to the campaign. Sayegh said he felt extremely ...