EDISON--Hartz Mountain Industries has made the first of two installments totaling $1.5 million to Edison, and will soon begin the construction of Edison Towne Square, the mixed use redevelopment of the former Ford Plant on Route 1 slated to include retail, restaurants/cafes, hotel, entertainment venues and office space.
After four years of planning, Hartz will begin construction of the development’s first phase, which includes a 140,000-sf Sam’s Club with a gas station on Route 1, by the summer.
Edison has received $1 million from Hartz, and will receive the second installment of $500,000 June 8. The total $1.5 million is in addition to a donation of 7.5 acres of land adjacent to Paterniti Park on the site’s Vineyard Road border.
Hartz president Emanuel Stern presented Mayor Jun Choi with a $1.5 million check today as part of a civics class at the Edison High School at 11:30 a.m. District acting superintendent John DiMuzio was also present.
In April, the Edison Planning Board granted final approval to the Edison Towne Square, the 98-acre mixed-use redevelopment of the former Ford Plant on Route 1. Hartz purchased the site in 2004 and designed the Towne Square concept consistent with Edison’s master plan.
Phase One of Edison Towne Square will include the widening of Route 1, permanent 50-foot buffers on Vineyard Road and 35-foot buffers on Route 1 will be installed, as well as a road system and drainage system, including the site’s retention basin.
Hartz Mountain Industries
www.hartzmountain.com
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