8B — November 13 - 26, 2015 — New Jersey — M id A tlantic
Real Estate Journal
www.marejournal.com
C entral N ew J ersey Woodmont Metro will feature open-space piazza, 11,500 s/f of shops and restaurants Woodmont Properties hosts groundbreaking for Woodmont Metro at Metuchen Station M ETUCHEN, NJ — Woodmont Prop- erties , one of the
Mayor Thomas Vahalla, who officially broke ground at the site operating the excavator to mark the start of the mo- mentous project, and longtime Metuchen Parking Authority chairman Len Roseman were in attendance, along with Dante Germano , chief oper- ating officer of Nexus Prop- erties and key executives from Woodmont Properties, including chief executive offi- cer EricWitmondt , president Lewis Zlotnick , executive vice president and general counsel Stephen Santola , along with chief investment
officer David Trager . “The perfect addition to our downtown, Woodmont Metro will fit in seamlessly with the character of Metuchen,” said Mayor Vahalla. “From the new shops and restaurants to the stunning high-end apart- ments, this is truly an excit- ing time for Metuchen, and a significant milestone in the evolution of our town.” Located at the corner of Pearl and New streets, Wood- mont Metro at Metuchen Station will consist of 273 residential rental units. The shops will comprise 11,500 s/f. The six-level parking deck will offer 750 parking spaces for residents, commuters and shoppers. The first phase of construc- tion will consist of the parking deck, which will be built and managed by Nexus Properties. Germano said, “It has been a pleasure to work alongside of Woodmont Properties on this transformative project for Metuchen and we look forward to taking the first step to make this vision a reality.” Metuchen, just a short train ride to New York City, has often been called “the brainy borough” due to its proximity to the New Brunswick campus of Rutgers University. The area features a wide variety of specialty shops, as well as a unique mix of restaurants, art galleries and entertainment. Vahalla added: “I think Metuchen is truly unique in that it has kept its small town character, but is still very ac- cessible to New York City.” “Metuchen is a one-of-a-kind destination and we’re thrilled to break ground on a project that will bring new vibrancy to the area,” said Santola. “With its location just a few steps from the Metuchen NJ Transit train station and in the heart of Metuchen’s grow- ing downtown, the property offers convenience and walk- ability – two key factors that continue to attract long-term residents.” Prior to construction, Wood- mont Properties relocated and developed a brand new post for the Metuchen American Legion, equipped with a mag- nificent kitchen and meet- ing hall space. The 4,205 s/f building was built on property owned by the Parking Author- ity at Wernik Place and Calvin Place, adjacent to the existing Halsey St. parking lot. n
region’s leading residential and commercial real estate developers, hosted a ground- breaking celebration at Wood- mont Metro at Metuchen Station, the developer’s lat- est transit-oriented, luxury apartment community. Ideally located in the heart of down- town Metuchen, Woodmont Metro will feature a half-acre, open-space piazza, as well as with 11,500 s/f of shops and restaurants. Local officials including
NJ TPKE EXIT 8A
DAYTON, NJ
UNDERCONSTRUCTION
285 ,
362 SF
Q1 2016 OCCUPANCY
n 40’ STORAGE HEIGHT n ESFR SPRINKLERS n 85 TRAILER PARKING (EXPANDABLE) n T-5 LIGHTING (OR TO SUIT)
n 1,200 AMPS n RAIL AVAILABLE n 5,400 SF OFFICES (EXPANDABLE) n CORPORATE IMAGE
Lease with the
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732-287-4880
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