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GlobeSt.com UPDATE: Council Chooses Kaplan for $70M Redevelopment

HELMETTA, NJ-Kaplan Cos. is constructing a new $70-million senior housing development here on the site of the former Helme snuff mill.

By Sean Ryan | Updated on May 25, 2005

Sean Ryan is associate editor of Real Estate New Jersey

HELMETTA, NJ-The Helmetta Borough Council has chosen Kaplan Cos. to convert the old, 32-acre Helme tobacco and snuff mill here to the Village of Helmetta. The $70-million project will demolish the existing brick buildings on the property, vacant since 1993.

Fourdevelopers were in the running for the property, including the Highland Park-based Kaplan and the Bridgewater-based Helmetta Lenape LLC, an affiliate of property owner Pizzo & Pizzo. Millennium Homes of Livingston and the Kalian Co. of Red Bank were the other two developers.

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