When it's completed, the project will add up to a total of 217 luxury rental apartments, along with 6,000 sf of amenity space and 8,000 sf of ground-floor retail on approximately three acres adjacent to this city's commuter rail station. The building is slated for completion in the spring of 2010.
The project will rise on a former open-air commuter parking lot, and will contain a five-story, 722-car parking garage. Of those spaces, 415 will be set aside for New Jersey Transit commuters. The parking garage will go up first: It's slated for delivery in the spring of 2009.
The Highlands at Morristown Station is part of a larger redevelopment plan focusing on the area around the train station, a multi-phase effort that will ultimately result in more than 525 new residences by multiple developers. The redevelopment district, which generally focuses on the area surrounding the train station and the Colonial-era Morristown Green, also involves a projected total of 70,000 sf of retail.
Roseland and Woodmont are also teaming up on at least one other project here. They're teaming up to turn the former Epstein's department store building into 250 residences, about one-third of them condos and the rest rentals, along with 75,000 sf of retail space and professionals offices.
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