Mayor Hector C. Lora
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1 August
2 Mayor Hector C. Lora Council President Gary Schaer City Council Joe Garcia Dr. Terrence Love Thania Melo Chaim Munk Zaida Polanco Daniel Schwartz 2
3 Redevelopment Agency Chairman Arthur Soto Vice Chairman Peter Cendeno-Castro Commissioners Chaim Munk Ruth Perez David Spector Angel Torres 3
4 Development Staff Business Administrator/Executive Director Ricardo Fernandez PP, AICP Community Development Director Ronald Van Rensalier UEZ Project Manager Dr. Joe Buga Coordinator of Federal and State Aid Joyce Gregory-Hunter Zoning Officer Julio Santana Zoning and Planning Board Secretary Miriam Perez Redevelopment Agency Secretary Asenett Martin 4
5 Development Boards Planning Board Commissioners Maritza Colon-Montanez Jessica Delaceuz Sim Facey Edwin Perez Peter Rosario Daniel Schwartz Kenneth Simpson Francine Wise Zoning Board Commissioners Menachem Bazian David M. Blumenthal Yaacov Brisman Juan Lozano-Rosas Sheila Graham-Woodson Harold Hess Deiby Martinez Jonathon Pittinsky Yolanda Soto Moshe Stareshesky 5
6 DESIGNATED REDEVELOPERS Hanini Group (663 Main Avenue) 220 Passaic Street Associates Contempo Realty (125 South Street) Linx Redevelopment (Pantasote Site) Prime Health Services-St. Mary s Passaic Stonegate (2 Market Street) Pennington Passaic (Former St. Mary s) Concord Estates (217 Brook) Casa Bella ( Hope Avenue) PASSAIC 585 LLC (585 Main Avenue) 6
7 OTHER REDEVELOPMENT PROJECTS 90 Dayton Avenue Patella Woodworking (99 South Street) 711 Main Avenue 274 Broadway (old firehouse) E. Monroe Ascension Street 299 Gregory Avenue Main Avenue 900 Main Avenue Broadway 308 Sherman Street 456 Van Houten Avenue Passaic Street 201 Randolph Street 7
8 Federal HOME Projects (Affordable Housing) 24 Broadway- 4 affordable units within a mixed use building- HUD funds $200, (completed) Broadway- 4 affordable units within a mixed use building- HUD funds $340,000 (completed) Van Winkle- 5 affordable units- HUD funds $560,000 (CHDO project in progress) 585 Main Avenue- 5 affordable units wihtin a mixed use building- HUD funds $300, (completed) 104 Linden Street- Single family conversion into 3 affordable units for VETERANS- HUD funds $172, (CHDO project in progress) Hope Avenue- 4 affordable units- HUD funds- $200,000 (pending approval) 8
9 Upcoming Redevelopment Locations 653 Main Avenue 217 Burgess Place 261 Main Avenue 265 Main Avenue 9
10 Upcoming Redevelopment Locations Cont d East Side of First Street Corners of Liberty/Broadway & Liberty/Howe 52 Sherman Street Passaic Street (Transfer Station) Fourth Street 351 Aycrigg Avenue 10
11 Dignity House Homeless Assistance and Resource Center project to create a safe space for homeless and/or at risk individuals of the City of Passaic to stay, and receive temporary assistance and to provide them direct access to social services that would help to improve their current circumstances 11
12 Completed Projects 12
13 585 Main Avenue Adaptive Reuse of 10 Units New Construction of 20 Units 5,000 Sq. Ft. Ground Floor Retail 13
14 Patella Woodworking State of the Art 89,000 Sq. Ft. Manufacturing Facility and Administrative Offices 14
15 Hanini Group 663 Main Avenue Rehabilitation of Sq. Ft. Eleven Story Art Deco Tower Passaic School System Administrative Offices (seven stories) Blink Fitness Other Ground Floor Retail 15
16 201 Randolph Street 23,840 sq. ft. banquet hall Space for over 700 seats Parking over 190 spaces 16
17 797 Main Avenue Rehabilitation of an abandoned parcel into a new drive thru Dunkin Donuts 17
18 299 Gregory Avenue Rehabilitation of 23,000 Sq. Ft. Seven story structure 50 Residential Units Passaic Housing Authority 18
19 57-65 Ascension Street Rehabilitation of 21, Sq. Ft. Approximate area of.89 acre 29 Residential Units Passaic Housing Authority 19
20 14-34 East Monroe Street Rehabilitation of 23,000 Sq. Ft. Seven Story Tower 50 Residential Senior Apartments Passaic Housing Authority 20
21 Under Construction 21
22 220 Passaic Street Associates 250,000 sq. ft. adaptive reuse Commercial/retail 24 residential units former Bd. of Ed. Building 40,950 square feet of light industrial space 15,000 square feet of event space expected to accommodate a maximum of 400 seats 8,291 square feet of retail/office space 22
23 90 Dayton Avenue Adaptive reuse McDonald s Restaurant 51,521 sq. ft. of retail space 23
24 Hope Avenue 36 Market Rate Residential Units 4 Affordable Residential Units Currently a vacant tax exempt parcel 24
25 Concord Estates 217 Brook Supermarket and Other Retail 300,000 sq.ft. Maximum of 140 Residential Units 25
26 684 Main Avenue Redevelopment of a fire site with a mixed residential/commercial structure 26
27 Prime Health Services- St. Mary s Passaic $27.7 million in rehabilitation over three years including: $16 million in facility infrastructure $2.5 million in IT improvements 27
28 900 Main Avenue 3 story medical office building Onsite parking Emergency medical transport access 28
29 Main Avenue Rehabilitation of a 25,600 sq. ft. industrial building into commercial/retail Rehabilitation of adjacent storage building into retail space and parking 29
30 Two Market Street Adaptive Reuse 63 residential units ground floor retail 30
31 Awaiting Construction Permits 31
32 Contempo Realty 125 South St. Adaptive Re-use 38 units New Construction 76 units Total -114 Units 32
33 Market Street 38 Parking spaces 8 Commercial units 33 Residential units 33
34 Awaiting Site Plan Approval 34
35 Pennington Passaic 147 residential units adaptive reuse on main campus 22 townhome units on previous parking parcel 35
36 711 Main Avenue Agreement with the Dept. of Education for Main Avenue frontage development of a mixed commercial/residential structure 36
37 Redevelopment Total Project Costs 220 Passaic Street Associates $ 20.6 mil 125 South Street /Contempo Realty $ 6.9 mil Linx Redevelopment $ 28.6 mil Prime Healthcare-St. Mary's $ 54.2 mil Two Market Street $ 18.8 mil 663 Main Avenue $ 22.0 mil Pennington Passaic $ 50.0 mil Main Avenue $ 3.5 mil 217 Brook Avenue $ 36.4 mil 585 Main Avenue $ 5.9 mil 230 Hope Avenue $ 5.6 mil Patella Woodworking $ 7.0 mil Total $ mil 37
38 Tax Implications $5,511,602 projected Increase to base Address Before After 220 Passaic Street Associates $136,500 $ 490, South Street /Contempo $ 52,300 $ 300,000 Prime Healthcare-St. Mary's $ 0 $1,000,000 Two Market Street $ 46,400 $ 190, Main Avenue $ 74,515 $ 348, Pennington-Old St. Mary s $306,000 $1,495, Main Avenue $ 13,948 $ 115, Brook Avenue $323,760 $1,570, Main Avenue $ 14,868 $ 160, Hope Avenue $ 0 $ 115,000 Patella Woodworking $ 75,200 $ 215, Dayton Avenue $600,000 $1,046, Randolph $ 31,260 $ 110, Main Avenue $ 7,047 $ 38,700 Total $1,681,798 $7,193,400 38
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