ROSELLE PARK, NJ - Roselle Park Mayor Signorello and council members broke ground at Sullivan Chevrolet Tuesday where a new Meridia apartment complex will be built.
“I’m super excited for the re-birth of this area,” said Mayor Signorello.
The mayor then thanked the land use board, Councilmembers Mathieu, Petrosky, Negron, Connelly and former Mayor Hokanson for the work they put into the project. Capodagli, the property management company that also build Meridia on Westfield, will be building these apartments, as well.
“These guys are always at the forefront of towns that haven’t seen a lot of investment and turn around,” said Mayor Signorello. “You see Capodagli come in and stake their claim as first movers and we’re happy to have them as first movers here. The first project has come out fantastic…this one’s gonna be way way better than even the high bar.”
According to the March 2019 redevelopment plan agreement the complex will be composed of two buildings with a maximum of five stories each. There will be a minimum of 16,000 sq. feet of retail space on the ground floor. In total, there will be 325 units available for rent: 50 studios, 150 one-bedrooms and 125 two-bedrooms. Sixteen moderate units will be set aside with a preference for veterans and artists. The plan predicts that this will increase the number of Roselle Park residents by approximately 4% and increase the number of public school children by just under 1%.