A 106-unit mixed-use development is planned for 4th & Valley Streets.
The 4th and Valley Redevelopment Plan is designed to promote development in a key location along Valley Street that will create a context appropriate and attractive gateway to the Village Central Business District and contribute to the vibrancy and connectivity of the neighborhood.
The overarching goal of this Redevelopment Plan is to incentivize exemplary redevelopment on the five parcels west of the intersection of 4th and Valley Streets. This site, located at the edge of the Central Business District and within walking distance of the train station, will set a precedent that will inform the broader vision for the Valley Street Corridor. This Plan will catalyze redevelopment that is context-appropriate for an area that is both proximate to transit, the downtown, and the historic Academy Heights neighborhood.
By the Numbers
Village Contribution - $250,000
Public improvements to be incorporated into the redevelopment shall enhance the public realm in the Village by providing high quality and accessible public spaces such as a public courtyard and improved sidewalks.
Sidewalk and streetscape along the length of the Valley Street frontage shall include planting strips, street furniture and extensions.
The redeveloper will provide pedestrian crossing improvements at the intersection of Valley Street and 4th Street.
Wherever feasible, the multi-use trail along the NJ Transit rail right-of-way should be extended.
Public Plaza over the parking deck
Where feasible, redeveloper shall provide cycling infrastructure
Spring 2021 - Construction in process
Estimated Project Duration: 2 years from Planning board approval