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Redevelopment Presentation 8.20.2024

BID #: N/A
DUE: TBD
VALUE: $6.7M
100
Rating

Risk Rank

Green Risk

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Executive Summary

The Meer Tract Redevelopment Plan focuses on Block 5105, Lots 14.01, 53, 55, 58, 59, and 61, encompassing 45.3 acres with 15.6 developable acres, located on Union Ave (County Route 511) near the Borough’s DPW & Fire Department. The plan aims to develop the area with a mix of residential, commercial, and industrial uses, including 426 total units (72 affordable), senior housing, retail, an industrial building, and open space. Key aspects of the plan involve an overlay to existing AH-1 Zone district, requiring a redevelopment agreement, and modifications to previously existing zoning regulations. The Governing Body adopted the Redevelopment Plan after referral to the Planning Board and a Public Hearing on August 20, 2024.

Detailed Risk Breakdown

local preference

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performance bond

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liquidated damages

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Timeline

First Discovered

Apr 1, 2026

Last Info Update

Apr 5, 2026

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Redevelopment Presentation 8.20.2024 — Bloomingdale | MuniBidder