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Centuria Site Eyes November for Public Hearing

FORT LEE, NJ-The borough plans to hold a public hearing next month on the redevelopment of the former Centuria site.

By Maria Wood | Updated on October 20, 2009

FORT LEE, NJ-After years of delays, residents of this Bergen County town will have to wait a bit longer to review proposals to redevelop a 15-acre site near the George Washington Bridge. The borough had originally planned to pick a developer by Sept. 15, but that deadline has been extended to permit further assessment of each pitch.

Back in August, four development entities submitted plans to the borough. The quartet included: Silverstein Properties Inc. and partner Taubman Centers Inc.; Tucker Development and Acquisition Fund LP; a partnership of Panepinto Properties, CheongWon LG Corp. and the Straus Group; and Fort Lee Redevelopment Associates LLC, an entity comprised of SJP Residential Properties LLC and James Demetrakis, a lawyer and developer in Bergen County. The submissions propose a mixture of uses for all or a portion of the site.

In an interview with GlobeSt.com, Mayor Mark Sokolich says the borough council has been holding a series of weekly meetings to review each proposal in depth. Once that initial assessment is completed, the council will convene private meetings with each development entity separately. During those sessions, the developers will have an opportunity “to respond to certain questions and requests for additional information that we have uncovered during the course of our review,” Sokolich says. “We will also inquire as to whether or not changes would be acceptable and whether or not they would accept suggestions.”

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