BERNARDSVILLE, NJ -- TAPinto Somerset Hills continues with Day 2 of its three-day summary of the proposals submitted by each of the three development groups bidding to handle Bernardsville's downtown revitalization.
The borough received three responses to its Request for Proposals beginning of July. Those responses came from Advance Realty, AST Development Corporation and the tandem of Melillo Equities and Claremont Development. The responses were reviewed by consulting development firm Topology and the Downtown Revitalization Committee.
Today's article will focus on the proposal from AST Development Corporation.
•Lavallette based developer established in 1985
•Experience in residential development and public-private partnerships
•Completed projects in Rahway, New Brunswick and Howell
•Project architect, DMR, has completed projects in communities Morristown and Montclair.
•Proposal calls for 111 residential units, 3,400 square feet of new retail and 328 parking spaces
•Includes on site affordable units
•Two concepts contain different open space configurations, both generally in alignment with RFP
•Proposal includes detailed financial plan
The committee's review will consider:
•If the proposal aligns with the borough’s goal to revitalize downtown.
•Proposed amenities + public space
•Building program (unit count, parking, restaurant/retail space)
The rundown on Advance Realty's submission was published on Tuesday. It can be found here.