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Wesmont Station

October 26, 2009
Update on Wesmont Station Redevelopment

Mayor Paul Sarlo and Borough Administrator Christopher Eilert recently met with Ralph Zucker, President of Somerset Development/Wesmont Station, to receive an update on the status of the Wesmont Station redevelopment project. Wesmont Station is being developed by three national real estate developers: Somerset Development, Avalon Bay Communities and Centex Homes, a division of Pulte Homes.

Mr. Zucker reported that the project has been on hold due to the severe economic recession. The recession significantly reduced the general public’s ability to obtain mortgages, which in turn, made it imprudent to begin building homes in 2009. Mr. Zucker stated that recent economic data suggests that the housing market is slowly recovering. He anticipates beginning construction next year in the Summer of 2010. This will enable Wesmont to begin marketing homes in 2011 when the housing market is projected to be fully recovered.

Wesmont Station will include approximately 800 units of housing consisting of single family homes and condominiums as well as approximately 120,000 square feet of retail space. Pursuant to state law, it will also include approximately 60 units of affordable housing. Given the Borough’s socioeconomic rating, families making less than $70,000 in annual income would qualify to purchase these units. Affordable units will be identical to the market rate units and will be intermingled with the market rate units. Wesmont Station will also include a number of public amenities such as a commuter train station, a new school, new athletic fields and numerous parks and trails for walking and biking.

Mr. Eilert reported that despite the delay in construction, Wesmont has made all the required tax and fee payments to the Borough and has fulfilled all its obligations to the Borough such as financing the renovation of the Donna Ricker Memorial Field. Additionally, the developer is still moving forward in securing regulatory approvals and permits. The project has already received all necessary environmental approvals. Plans and permit applications have been submitted to the Building Department and the Borough Engineer. New Jersey Transit has approved the train station which is currently being designed and slated for construction in 2010.

Mayor Sarlo was satisfied with the status report and noted that the delay in construction was a result of economic conditions beyond anyone’s control. While disappointed with the delay, he noted that Wesmont Station is still a viable project at a time when other projects around the country have been forced to declare bankruptcy due to the recession. Furthermore, the site is no longer a financial burden on the Borough because it has been environmentally remediated and all taxes have been fully paid.

Wesmont Station - Online Video Presentation
Video courtesy of Somerset Development
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The Wesmont Riveter Monthly Newsletter's, plus
Benefits of the Wesmont Station Redevelopment
Project to Borough of Wood-Ridge Residents

The Wesmont Riveter - First Edition - Click here to view this newsletter. The Wesmont Riveter - Second Edition - Click here to view this newsletter. Benefits of the Wesmont Station Redevelopment Project to Borough of Wood-Ridge Residents - Click here to view the benefits.

Ground Breaking of Wesmont Station - February 7, 2006
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A short video clip of the demolishing of the old Grand Union site is available below.
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Construction of the Wesmont Station - Photos
Note: additional photos will be added each week.

Additional Photos

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