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BE: Redevelopment
of 125DunnellRoad
YoumayalreadyknowWoodmont'smanymultiJamily projectsthroughout
residential the area.Their
experienceis importantand relevantto i25 Dunnellas it addresses planning,
economic,and
goalssimilarto yours.Throughpublic/private
sustainability partnerships,they'vecreatedinnovarrve
residential
TransitOrienteddevelopment withinan historiccontext,increasedtax revenues,invigorated
localbusinesses,and enlivenedpublicsoaces.
Sincerelv.
rtner,Neighborhood
Redevelopment
Group
uthorizedBepresentative:
125Dunnell,LLC
I
. Responseto Requestfor Lettersof Interest
. ConceptPlans:
Preliminary
Site Plan
GroundFloorPlan
TypicalFloorPlan
RepresentativeUnitPlans
. RecentConstruction
Photos:
WoodmontProperties:40 Park,Morristown,NJ
. BartonPartners:Representative
Projects
This proposalreflectsWoodmontProperties':
. proventrackrecordin the successfulplanning,
designanddevelopment of highqualityin-fillhousing,
. Abilityto secureand providethe necessary capital,to ensurea successful
including
resources, redevelopment'
. Experiencewithandunderstanding of inJillredevelopment partnerships.
and public/private Althoughthe intended
is a privateenterprLe,WoodmontPropertiesand its Principalshave had the greatestsuccesswhen
redevelopment
workingcloselywitha community froma project'scommencement.
and allof its stakeholders
Resoonseto eachrequiredquestionfollows.
n
1) Full corporate name, contact person, mailing address, telephone and e-mail address:
125DunnellRoad,L.L.C.
Contact:
RisaPerlmutterGoldstein,Partner
NeighborhoodRedevelopment Group,LLC
570 OverhillRoad
SouthOrange,NJ 07079
973-868-5158
. rgoldstein@neighborhoodredevelopmentgroup.com
DavidTrager
WoodmontProperties,LLC
119 CherryHillRoad
NJ 07054
Parsippany,
973-299-3003
dtrager@woodmontproperties.com
www.woodmontproperties.com
x willincludeplanning,
responsibilities
WoodmontProperties
relationship
design,environmental, and construction.Foradditional
entitlements
pleasego to www.woodmontproperlies.com. Noteworthyis Woodmont'sexcellent
with NJ Transitas a resultof developingthe Highlandat MorristownStation,lvlorristown's
of the formerNJ Transitsurfaceparkinglot (www.highlandsatmorristownstation.com).
informationon
experienceand
TransitVillageon the site
t Sinceits establishment
commercial
in 1963by DonaldWitmondt,
marketplace.
WoodmontProperties
Underthe currentleadership
to the region'sresidential
hascontributed
of EricWitmondt,the Company'sscopeof development
and
activity,as well
as its portfolioof residential
and commercialproperties,
hasbeenenhancedby the additionof a numberof mixed-useinflll,multi-
E famlly,and neighborhood
WoodmontProperties
projects.
redevelopment
portfolioof residential
andcommercial investments includes: (for-sale
residential and rental),office,flex,
n industrial,
retail,hotels/hospitality
throughthe combjnedexperience
estatemarketplace,established
corporaterntegrity
and mixed-use
of itsownership
relationshlps
havebeenthefoundation
redevelopments.
and
withinthe industry,
of its success.
Thecompanyhasgrownoverthe pastforty-three
professional
staff.lts focused
and adherence
pursuit
of new opportunities
years
in the real
to the Woodmonttraditionof personaland
n
to privatebusinesses,
seruices non-profit and localgovernments
entities, who wishto clarifytheirneighborhood
development and
redevelopment goals,createrealistic
planning
anddevelopment strategies,
and developstrongand successfully-built
environmentsthat meetcommunity needsand areof maximumbenefit.Forthisproject,Neighborhood Redevelopment's
rolewill
be Municipal
Liaison,planningand design,entitlements,
and Project
lvlanagement,
q Foundedin 2007by partnersRisaPerlmutter Goldstein and RuthCooper,we aresensitive
to the uniqueongoinghistoryo{ each
community,and dedicatedto the importanceof achievingan authenticsenseof place.Our projectsaddressa rangeof scales
q fromthe studyof a singlebuildingto the creationof large-scale
mixed-usedevelopments.
Continued
q
TheNeighborhood Fedevelopment Group,LLCdrawson the comprehensive experience of its partnersto assembleand
orchestrateteamsthat are tailoredto the needsand circumstances of each project.
Our teamsare comprisedof recognized
and professional
expertsin disciplines fieldsthatincludeplanning,
design,environmental remediation, housing,charterschools,
economicdevelopment, regulatory policy,housingand development grants,allaspectsof financing, and construction
management and law,
KeyPersonnel:
WoodmontProoefties
DonaldWitmondt
Chairman, WoodmontPropedies
As Chairman of WoodmontProperties, Mr.Witmondthasbeenactivein the realestateindustryin NewJerseyfor morethan43
years.Throughout hiscareer,he haspurchased anddeveloped highqualityresidential
and commercial propertiesand,in the
process,hasattainedan outstanding reputation amonghispeersas wellas in the financial
community. Hisexperience in the real
estateindustryalongwithhisunparalleled providethe basisfor significant
levelof expertise in suchareasas site
contributions
designs,landapprovals,and landdevelopment, Amonghismostsignificant contributionsto the companyand its personnel,
however,arehisinsightsand guidance gained fromhisyearsof hands-onactivitywithclients,contractors,
vendors,and
professionals
on everylevel.Mr. Witmondtis a graduateof LehighUniversity.
Continued
DavidTraqer
H ExecutiveVicePresident/Chief
As ChiefInvestment
Investment Officer
Officer,Mr.Trageris responsible for allthe company'sacquisitions
and investments. In addition,he is
for securingpublicand privatedebtand equitycapitalforthe company'sdevelopment
responsible projectsand acquisitions.
Mr.
T Trageralsooverseesmanyof the firm'sdevelopment
founderand principal
of TragerRealtyAdvisors,
and redevelopment
and priorto thatwas President
Priorto joiningWoodmont,he wasthe
oppodunities.
of WestminsterCapital,a subsidiaryof the
KushnerCompanies. l\lr.Trager'sinitialrealestateexperience includedelevenyearswith HartzMountainIndustries, Inc.He has
fl an undergraduate
Administration
jn
degree engineering fromUnionCollegein Schenectady,
fromTheWhadonSchoolin Philadelphia, Pennsylvania.
NewYork,and a Mastersof Business
Davidis a Maplewoodresident.
t LewisZlotnick
President
H As President,
alsooversees
development,
Mr,Zlotnickis responsible
the activities
andverticalconstruction
for the strategy,
of boththe Development
of residential
implementation,
and Constructjon
and commercial
and management
Divisions,
of the company'soperations.He
whichincludedue diligence,
properties.In addition,Mr.Zlotnickis responsible
site
approvals,
for
policies, and personnel.
H administration, He is alsoresponsible
bringsto thispositionover30 yearsof experience in business
for establishing
management,
the company'sstrategicinitiatives.Mr,Zlotnick
realestatedevelopment and construction,
WoodmontPropertiessince1992. lvir.Zlotnickearneda Bachelorof Sciencedegreeand Masterof BusinessAdministration
serving
*
E
il
H StephenA. Santola.Eso.
ExecutiveVicePresidenVGeneral Counsel
As ExecutiveVicePresidentand GeneralCounselfor WoodmontProperties, Mr.Santolamanagesthe company'slegalaffairs
g formalizes
He also
and entitlements. plays rolein managing
a significant the development
corporatestrategy.Mr, Santolaalsomanagesthe company'sgovernment
guidingnew businessopportunities,
division, and
and legalinsight.Priorto loining
relations
Woodmont,Mr. Santolawas a partnerwiththe lawfirmof Lindabury, Mccormick& Estabrook, in realestate,Iand
specializing
q
3) Description,approachand preliminarylayout of the proposedhousingproject:
. Hereinwe describeour approachto the developmentof 125 DunnellFoad and includea preliminary conceptplanand
preliminary
layout.We are awarethat a Redevelopment
Planfor this site is currentlybeingcraftedand understandthat our
conceptmayrequirerevisions to meetRedevelopmentPlangoalsnot yet stated.
We understand and endorseMaplewood's desirefor the buildingto maintaina characterand designappropriate to the
areaand meetLEEDcertification. We,therefore, limitedour choiceof architects to thosefew firmswho excelat this,and
who are also expertsin multi{amilyhousing.Fromthese,we haveselectedBartonPartners.Their many completed
buildingsreflecta designapproachrevealing greatsensitivity to a site'suniqueness and context.Morristown's award-
winningVaill\ilansion developmentis an example.lt successfully lits a new buildingintoan existinghistoriccontexton a
site that plays an importantrole in the town's downtown core and identity.With integrity,it respects a treasured
architecturalheritageand bringsit intothe 21"'century.We feelstronglythat an architect'sprovenabilityto distillthe
essenceof an historicenvironment intoan appropriate new buildingdesignis requiredhere.We areconfidentthat Barton
Associates willprovidel\,4aplewood
witha buildingthat befitsits importantlocation,meetsthe Township'sstatedcriteria,
and becomesa sourceof Townshippride.
t
r
F
F We want this buildingto playa meaningful
"manicure"
rolein the economyof MaplewoodVillage.Our residentswillshop,eat, and
there,but we wanl to go further:We willinvestigate
Doingso willimmediately
housingour initialleasingofficein a Villageretailspace.
to the Village.As proximityto the Villageis
F
underlineour building's
relationship
and commitment
an importantand attractivebuildingamenity,we wantto makesurethat the charm,variety,excellence of Villageshops,
restaurants,
and theaterareintroduced fromthe stan.Whilewe want potential
residentsto experience easeof living
the
so closeshopping,and transportation, and at the sametime be introducedto Maplewood'sfriendlyand welcoming
F '
envtronment.
fE
I
however,investigaterecyclingaspectsof the buildingintoournew building-
I .
.
Over1,800"for-sale"
homesin variousstagesof development
Overl,0OOmultijamilyrentalhomesin variousstagesof development
.
f .
Mixed-use
and urbaninjill communities
Approximately
and
800,000squarefeetof commercial
space(including
officeandflex)underdevelopment.
.
E Over1.25 millionsquarefeetof commercial properties
operating
H . Epstein'sRedevelopment:
blockmixed-use
Recipient
redevelopment
ol a 2007NJ FutureSmafiGrowthAward.Woodmontis a pannerin this3 square,
of theformerEpstein'sDepartment Storesite.The DodgeFoundation's new LEEDPlatinum
n
t-
I
H
and contains133 rentalunits. Eachbuildingcontainsgroundfloorretail,Additional includes25 town homes
development
il anda 36-unitresidential
loftbuilding.Seewww.4opark.com.
t The Residences
condominiums
at VailMansion:Theredevelopment
of the historicVailMansionon SouthStreetincludes35 luxury
and 10,000squarefeetof commercial
area. Seewww.vailmansion.com.
f WoodmontPropertieshas beensuccessfully
excellent relationships
developingand buildingin New Jerseyand elsewherefor manyyearsand enjoys
withthe bankingcommunity.Steadyandconsistent incomeis availablefrombothcommercial and
residenttaloperatingportfoliosthat havewithstoodthe testof time. WoodmontPropenies willorivatelv
finance1007oof the costs
f necessary to completethe subjectredevelopment
WoodmontProperties
usinga combination of conventional
is a privaterealestatecompanythal,alongwithits Principals,
constructionfinancingand partnerequjty.
closelyguardsfinancialinformation
and the
dissemination of same. Financialstatements andotherfinancral information willbe madeavailable uDonreouest.As evidenceo
l by the operatingportfolios,
thatthe l\,4aplewood
bankingreferences
willflndWoodmont's
andabilityto receivedesignations
financial
statements satisfactory.
withinothermunicipalities,
As notedabove,our experience
we areconfident
withfinancial
institutionsgivesus the financial
strengththatis requiredto be competitive withanyprivateor publiccompanyin our industry.
f
T 6) Discussionof timelinefor completionof the redevelopmentproject.
ry
E
10
E 7) Affordable Housing:Developerswill be required to provide one unit of affordable housing for every five units of
market based housing, pursuit to New Jersey Council on Affordable Housing requirements. lt is the Township
Committee preference to have affordable housing built on site at 125 Dunnell Road. However, the Township
Committee may consider a request from a developer to provide these affordable units off-site, elsewhere in
Maplewood.Describeplans to meet affordablehousingrequirements.
. LEED@
q . LEED@
. National
Assessments
Compatibility
Designand Documentation
Association
of HomeBuilders(NAHB)GreenBuildinoStandards Assessments
. Energystar@ CompatibilityAssessments
E . WestOrangeRedevelopment (BatteryBuilding),
WestOrange,NJ (collaborating
. SummitPlace(FormerSummitMedicalGroupBuilding),
. LowerBucks Pediatrics,Yardley,PA
withconsultant,
Summit,NJ (collaborating
ReVisjon
withconsultant,
Architecture)
RevisionArchitecture)
E
1l
. ChappaquaCrossing,Chappaqua, Ny
. SolarFarmVisitorsCenter,Nesquehoning,pA
LEEDfor Homesanalysesperformedfor;
. DeKalbPikeApartments,EastNorriton,pA
. ErieHarborRedevelopment, Rochester,
Ny
. WashingtonBoulevardApartments, Stamford,CT
. 106CricketAvenueApartments, LowerMerion,pA
. GlenEyreApartments,pineHill,NJ
Nalional
Association
of HomeBuilders GreenBuildingstandardanalyses
performed
for;
. VoorheesTownCenter,Voorhees, NJ
. GlenEyreApartments, PineHill,NJ
Awards:
' NewJerseycleanEnergyLeadership Awards(NewJerseyBoardof publicutilities):
' Honorable
l\,4ention
(Photovoltaic
systemDesign),
LindenLakesseniors,Lindenword. NJ
A propertytax abatement
willbe requested
in accordance withlawspenainingto designated Areasin Needof Rehabiljtation
as a
meansto enhancelandvalueand otf-setthe anticipated
incremental
coststo satisfythl requirementsof COAH.orovide
adequateparkingand assumethe extraordinarycostsof asbestosabatement and demolition.
10) Former Police station Building:The building has asbestos containing materials (ACM). Environmental
experts
hired by the Township estimateda cost of 9332,000to removeAGM from ih" buitding.In addition,
the Township has
received estimated costs of $11o,ooo to demolish the building. Describe the pian for AGM
remediation ancl
demolitionof the building,and state whether the preferenceis the Townshipdoing tie work or the redeveloper.
We appreciate
the opportunity
to stateour preference.
lt is thatthe Townshipdeliversthe siteremediated
and leveledfor a cost
cappedat $442,000.We do, however,remainopento discussjons on thispoint.
T
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