Pfizer Property News
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.