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Building & Construction

Redevelopment Presentation 8.20.2024

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

This document outlines the Meer Tract Redevelopment Plan for Block 5105, Lots 14.01, 53, 55, 58, 59, and 61 in Demarest, NJ. The plan involves the development of 426 housing units (including 72 affordable units and 74 senior units), commercial/retail spaces, and an industrial building on a 45.3-acre site. The proposal includes the sale of land for $6.7 million and anticipates minimum PILOT payments of $1.9 million annually to the Borough. The plan serves as an overlay to the existing AH-1 zoning district and requires a redevelopment agreement. The Redevelopment Plan Revisions detail changes to various regulations including: Applicability & Relationship to the Land Use Ordinance, Deviation Requests, Industrial Building Permitted Uses, Accessory Uses and Structures, Site Design and Bulk Regulation, Helipad Standards, Parking and Vehicle Circulation, Sustainability Requirements, Miscellaneous and Affordable Housing.

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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 — Demarest | MuniBidder