Development News for Passaic, New Jersey

East Side Redevelopment Plan Approved for One Market Street Property

The council discussed and approved an ordinance amending the East Side Redevelopment Plan for the property at One Market Street. The plan aims to transform the area by integrating residential projects, commercial spaces, and industrial centers, connecting people to jobs and businesses. Key aspects include minimum unit sizes, workforce housing, and various income-level allocations, with a focus on creating a mixed-income community and improving the gateway condition of the city. The project involves significant rehabilitation and potential new construction, with a goal of providing quality affordable and market-rate housing, and is considered a crucial step in the city's redevelopment efforts.