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HELMETTA, NJ-This borough’s planning board has voted 8 to 0 to approve preliminary plans for the $70-million Heritage at Helmetta, a mixed-use redevelopment of a former snuff factory proposed by the Kaplan Cos. As reported by GlobeSt.com, the Highland Park-based Kaplan won the redevelopment rights in a three-way competition in May 2005 and subsequently executed a formal redevelopment agreement in early 2006.

“We appreciate the strong support we have received from the community,” says Jason Kaplan, president of Kaplan Cos., who estimates that the completed project “will generate $1 million in property tax revenue” to this community of just 2,000 residents. “We’re working to turn this site into a development that the entire town can be proud of.”

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