Pfizer Property News

PFIZER PROPERTY  - LATEST UPDATE - MARCH, 2014

During the summer of 2012 M&M Realty Partners purchased the 63 acre Pfizer property on the west side of Route 53.   M&M presented a “conceptual plan” to develop the site to a combined meeting of the Borough Council and Planning Board.  The plan envisioned a mixed use of about 500 apartments, condominiums and townhouses plus about 100,000 square feet of retail space.

The Borough Council responded with a two page list of changes for M&M to consider.  Among them were fewer housing units, a larger front yard setback from Route 53 and better site aesthetics at the rear of the complex. 

The response from M&M, in 2013, was to file a “Builders Remedy” lawsuit against the Borough and the Planning Board alleging the Borough has not fulfilled its low and moderate income housing requirement under the Fair Housing Act.   M&M is asking the court to allow 800 housing units of which 295 would be low to moderate housing.

The Superior Court ruled the borough did not have enough affordable housing under Round 1 and Round 2 rules in our housing plan.  The judge has appointed a Special Master to review our housing plan and modify any zoning ordinances.

The borough is in the process of submitting a revised housing plan that we believe will meet all the courts requirements.

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August 28, 2012 - SPECIAL MESSAGE FROM MAYOR AND COUNCIL REGARDING SALE OF PFIZER PROPERTY ON ROUTE 53

On August 16th the Pfizer property, on the west side of Route 53 (train track side), was purchased by M&M Realty Partners of Clifton, New Jersey.  The two principals of M&M, Joe Marino and Jack Morris have extensive experience in real estate development in New Jersey, California and Florida.  Their largest redevelopment project in New Jersey is the former Garden State Race Track in Cherry Hill.  This property was converted into a successful “mixed use” development which included retail shops and housing.

 

On August 20th a joint Planning Board, Borough Council meeting was held to hear M&M give a concept overview of their plan for the site.  The plan includes demolition of all existing buildings on the site.  In addition, because the property is in a flood plain extensive environmental work is planned.  This work involves enlarging the existing drainage pond and adding additional wetlands near the Watnong Brook.  Building plans include a mix of retail shops and housing.  This is the start of a long process.

Through our website (www.morrisplainsboro.org) and PlainsTalk we will keep you informed of further developments. 

 

PFIZER PROPERTY SITE UPDATE - OCTOBER, 2012

At the September Morris Plains Planning Board meeting M&M Realty Partners', developers of the Pfizer site, presented their plan for the demolition of the site at 182 Tabor Road. A chain link fence and soil erosion measures will be put in pl ace. A licensed asbestos contractor will clean the building in accordance with DEP requirements. A demolition contractor will take down the building from the inside out. All trucks will enter and leave the site from Route 10. No trucks will travel through the Borough. By Borough ordinance work is confined to 7:00 a.m. to 6:00 p.m. Asbestos abatement is scheduled to be completed in four to six weeks. Demolition of the buildings should take 90 to 120 days after that. 

 

 

Pfizer Property Update

 

February 8, 2013

 

During the summer of 2012 M&M Realty Partners purchased the 63 acre Pfizer property on the west side of Route 53. M&M presented a “conceptual plan” to develop the site to a combined meeting of the Borough Council and Planning Board. The plan envisioned a mixed use of about 500 apartments, condominiums and townhouses plus about 100,000 square feet of retail space.

 

The Borough Council responded with a two page list of changes for M&M to consider. Among them were fewer housing units, a larger front yard setback from Route 53 and better site aesthetics at the rear of the complex. As of this date there has been no written reply to the Borough letter.

 

Subsequently, M&M requested the development be declared a “Redevelopment Project”. As part of the Redevelopment Project M&M wanted a 20 year tax abatement equal to the school portion of their property tax bill (approximately 60% of the total tax bill). This was rejected by the Borough.
 
 
 
September 13, 2013
 

CLARIFICATION FROM THE MAYOR AND COUNCIL REGARDING THE NEWSBEE ARTICLE OF SEPTEMBER 12, 2013 CONCERNING ROUTE 53 DEVELOPMENT:

The September 12, 2013 edition of the MORRIS NEWS BEE had two articles concerning the development of the Pfizer property on Route 53.  Both the front page story and the editorial left an incorrect impression about the Borough’s position on the development plan in general and the housing component of that plan in particular.

 

M&M partners, the developer of the site, presented their concept plan to the Borough and the Planning Board that included 500 units of housing.  The Borough never agreed to this number.  We believe it is too large and intrusive on our community. Subsequently, M&M sued the Borough asking for 800 units of housing to meet our Affordable Housing requirement.  A requirement we believe the Borough has already met. 

 

 

In talks with M&M we discussed Honeywell’s desire for a high end hotel on the development site.  Honeywell has many national and international visitors to their headquarters.  They use approximately 10,000 to 12,000 rooms per year.  We are working with M&M to get a definitive answer to the hotel development before any retail or housing is added to the site. 

 

 

 

March, 2014:

 

During the summer of 2012 M&M Realty Partners purchased the 63 acre Pfizer property on the west side of Route 53.   M&M presented a “conceptual plan” to develop the site to a combined meeting of the Borough Council and Planning Board.  The plan envisioned a mixed use of about 500 apartments, condominiums and townhouses plus about 100,000 square feet of retail space.

 

The Borough Council responded with a two page list of changes for M&M to consider.  Among them were fewer housing units, a larger front yard setback from Route 53 and better site aesthetics at the rear of the complex.

 

The response from M&M, in 2013, was to file a “Builders Remedy” lawsuit against the Borough and the Planning Board alleging the Borough has not fulfilled its low and moderate income housing requirement under the Fair Housing Act.   M&M is asking the court to allow 800 housing units of which 295 would be low to moderate housing.

 

The Superior Court ruled the borough did not have enough affordable housing under Round 1 and Round 2 rules in our housing plan.  The judge has appointed a Special Master to review our housing plan and modify any zoning ordinances.

 

The borough is in the process of submitting a revised housing plan that we believe will meet all the courts requirements.