• Embed Doc
  • Copy Link
  • Readcast
  • Collections
  • CommentGo Back
Download
 
LETTEROFINTERESTFOR THEREDEVELOPMENTOF125DUNNELLROAD.MAPLBWOOD.NJ
Submitted By Markbuilt Homes, December 17th,2008
CORPORATENAMEAND ADDRESS:MarkbuiltProperties, LC2029 MorisAvenueUnion,NJ07039www.Markbuilt.comSTATEOF INCORPORATION:New JerseyMANAGER:MichaelMarkovitzAUTHORIZATIONTO DO BUSINESS:MarkbuiltProperties,LCisdomestic LC dulyicensedndauthorizedo dobusinessinNewJersey.t is also ullyinsured.EXPERIENCEANDOUALIFICATIONS:Please ee heattachednformationalackagentitledTheCrossingst MaplewoodVillage"which wasoriginally submittedo the DunnellRoadRedevelopmentSubcommitteenFebruary6th, 006.Thispackageontains CorporateOverviewofMark Built Homesandhe experience fits keymernbers.
 
CONCEPT FORTHE REDEVELOPMENT OF 125DT]NNELLROADWehaveconcludedhat thehighest,best,and most appropriateuse forthe site wouldbemulti-familyresidential.Asmall upscale ental community isperfectlysuited forthesite,forthefollowing reasons.l)Lack of supply.There arevery few upscaleental options inMaplewoodand thesurroundingowns.Gaslight Commons,a relatively new rentalcommunityinSouthOrange,has had historicallylowvacancy ates.2) Proximity to NJTransit train. Many commutersare seekingplaceso livethat wouldnot requiredriving to the train station.3) Proximity todowntown Maplewood. Additionally,manypeoplewouldbenefitfromliving within walkingdistanceo town, allowing them to shop,eat andenjoy allthatMaplewoodhaso offerwithout havingtogetintoa car.4)Proximity tothe Park System.5)Parking require'mentsor residentialunitsaregreatestat off-peaktimes.Duringcommutingtimes, theresidentswho drivetowork wouldbe leavingthearea,creatinglessof aburden onparking.Those residents hat commutebytrain wouldnotaddasingle car to streetraffic. Thisisexactly the oppositeofwhatwould happenfthesitewere developedor retail or commercialuse. Manymore cars wouldbecoming intothearea andparkingnear he site atpreciselyhe time whenthereisthemost trafficandtheleast availableparking.6) Rental Housingispreferableo For-Salehousingnear rain lines.Peoplehave lessofanissuewith living adjacent o a trainlinewhenthey are renting,preferringnottoinvesttheir moneyin houseson trainlines.7)Residential developmentat this site will also benefit businessesntown.Theseresidentswill be spendingshoppingdollars locally.8)Aresidentialdevelopmentwill helpthe town to meetpartofitsCOAHobligation.Bycreating afairshareoflowandmoderate ncomeunits withintheproject,Maplewoodwill demonstratetsgoodfaith inmeetingtsoverallrequirementsof aflordablehousing.
 
LAYOUTANDDESIGNCONCEPTIncludedinthis letteristhecondominiumconceptwecreatedover2yearsagoforthesite, whichwecalledThecrossingsatMaplewoodvilluge.It wasa 5lunitdevelopment,whichincluded3storiesoftownhouseand-single-story.rrrlrcrr",asurfaceparkinglevel.The_Crossingsasaprojectthatincludedheadjacentofficebuildingaspartoftheoveralldev_elopmentoncept.However,conversationswiththeowneroftheofficebuildingprovedfruitless,andheconceptwasshelved.Theeconomictimesareverydifferenttodaythantheywerein2006.Thedemandforexpensivecondominiumshasdrasticallydecreased.eopleare ookingtodownsize,scalebackand savemoneywhereevertheycan.YoungprofessionahLeseekingplacesto livethat keephemconnectedotheCitywheretheyivork,yetcostlessandoffermorespa:ethanthe high-pricedapartmentsnNewyork,JerseycityandHoboken.TheprojectweareproposingforI25DunnellRoadmeetsheneedsoftheseyorrrr!professionals.Additionally,thisprojectwillappealoempty-nestersotingiodownsizeoutoftheir homesnMaplewoodandhesurroundingowns,yetprovideealywalkableaccesso downtown'sshoppinganddining.ThenewCrossingsat MaplewoodVillageconceptwouldincludeapproximately40-50residentialunitsranginginsizefrom650squareootstudioso l2dd+squarefoot2bedroomdwellings.Thenurnberof dwellingunitsislimitedbythenurrib"1.fon-siteparkingspaceswecould provide,aswellashenumberofstorieswecouldbuild.Weanticipatethatallparkingwouldbebuiltatstreetevel,beneath3storiesofframebuiltconstructionwheretheresidenceswouldbelocated.Overallbuildingheighr;anticipatedobe 45to50 feet,whichiswellsuitedforthelocationui3u".ittothetrainlineandothercommercialbuildings.Thearchitecturalstylewouldbeverymuchinkeepingwiththe bestelementsofthetownandsurroundingarea.MarkBuilthasalwaysemployedthe highestqualitysubcontractorsoritshomesndtownhomecommunites,andthatpracticewouldcontinueorthisproject.KEYPERSONNELMichaelMarkovitzistheManagingMemberandPresidentofMarkBuiltHomes.Hewillberesponsibleorallaspectsof constructionanddesign.JeffreyMarkovitzisthe in-housecounsel,andwillbe handlingthenegotiationofallagreementswiththetownship.MichaelLermanisthe projectmanager,andwillbethe leadcontactpersonforallcommunicationbetweenMaplewoodandMarkBuilt.
of 00

Leave a Comment

You must be to leave a comment.
Submit
Characters: ...
You must be to leave a comment.
Submit
Characters: ...