Tuesday, October 9, 2012
Roseland Property Co. partner foresees 'no discernible difference' in operations because of being bought by commercial real-estate giant.
Commercial real estate giant Mack-Cali announced Tuesday it would be acquiring Roseland Partners, whose Roseland Property Co. owns and manages residential properties in several states, including 40 Park and The Highlands at Morristown Station in Morristown. The deal, estimated to be worth about $135 million, will see Roseland's principals Marshall Tycher, Brad Klatt and Carl Goldberg serve as co-presidents of newly-formed Roseland Management Services, while Edison-based Mack-Cali's President and Chief Operating Officer Mitchell E. Hersh will assume the role of Chairman and Chief Executive of Roseland Management Services. The deal is expected to be completed by early fourth quarter 2012. Roseland Managing Partner Carl Goldberg said there …
Thursday, May 31, 2012
What business would you like to see in the Metropolitan?
Upstairs and downstairs, a lot is happening at 40 Park. From their "castles without hassles," to the businesses below–Roots Steakhouse, Urban Table, Starbucks, Qdoba, AT&T and, soon, Powerflow Yoga–this part of one of Morristown's largest redevelopment projects has seen big returns. But, behind 40 Park, at Metropolitan at 40 Park, there's a different story being told. Perhaps without the upfront appeal of being "on the Green," the retail space in 40 Park's little rental-only brother is being ignored. Currently, it lies barren. Which means it's a blank canvas. What would you like to see painted on that canvas? It's our "Occupy This Space" space of the week. Chime in below.
Thursday, February 9, 2012
Luxury condo development received Silver Award at annual "Excellence Awards" ceremony.
- NEWS
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Thursday, February 9, 2012
Morristown's 40 Park luxury development recently gained accolades, named a Silver Award winner by Downtown New Jersey at its annual Excellence Awards ceremony. The press release is below: One of the state’s most successful redevelopment efforts is continuing to garner state-wide recognition as 40 Park, the upscale mixed-use development overlooking the Morristown Green, was recently named a Silver Award winner by Downtown New Jersey at its annual Excellence Awards ceremony. The prestigious award recognizes 40 Park and the overall redevelopment of the former Epstein’s Department store site as one of New Jersey’s best development projects built in a downtown location. The development effort has dramatically reenergized downtown Morristown by …
Wednesday, January 4, 2012
Inflatable "union rat" representative claims "inexperienced company" performing "deadly asbestos treatment."
If you happened to be grabbing a burger at Urban Table, or a latte at Starbucks on Wednesday, you may have smelled a rat. Or, in this case, seen a rat. Two, actually. A pair of 12-foot "union rats," inflatable, red-eyed, big-toothed mice carrying bags of presumably cash, were set up outside the 40 Park luxury development because, as a flier being passed out claims, "Woodmont Properties has hired an inexperienced company to perform deadly asbestos abatement." Woodmont is one of the partners involved in the 40 Park project. Other partners include Roseland Property Company, the Morristown Parking Authority and the Levine family–owners of the former Epstein's Department Store that was knocked down for 40 Park. A statement from Woodmont notes …
Monday, June 6, 2011
Downtown NJ will sponsor free program on June 17.
- BUSINESS
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Monday, June 6, 2011
Citing the Epstein's project, now the 40 Park luxury development along the Green, Downtown New Jersey will host a program about successful redevelopment strategies for downtown business districts starting at 9:30 a.m. on Friday, June 17 at 40 Park. DNJ is a statewide organization that focuses on the economic and cultural growth of commercial districts. Membership includes economic development professionals, elected officials, local and state representatives, planners, architects, engineers and business leaders. The interactive morning program, “Downtown Redevelopment: What Works and What Doesn’t,” will feature the Epstein’s mixed use project and review process including planning, approvals construction and marketing. “The lessons in this …
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Lewis Stone
12:49 pm on Thursday, June 7, 2012
The original plan called for Epstein's to reopen a new, smaller store on the site. That was in part how they got approval for the redevelopment. What happened to that plan? more ›