Tag Archives: Conifer Realty

COAH Update: Council Deadlocked

http://www.njspotlight.com/stories/14/10/21/coah-s-attempt-to-adopt-new-rules-for-affordable-housing-goes-nowhere-fast/

Conifer Contract

Curious about Hopewell Township’s contract with Rochester, New York-based Conifer Realty?

CLICK HERE TO DOWNLOAD THE TOWNSHIP’S CONTRACT WITH CONIFER REALTY

WAKE UP Friends!

After a long summer of canceled meetings, Pennytown discussions are back on the agenda.

Last Spring our community rallied together and successfully opposed Hopewell Township’s plans to partner with Kooltronic to build a major residential and commercial development at Marshall’s Corner.  Following that, the Township Committee proposed forming a task force to evaluate three options with how to proceed with the Township-owned Pennytown tract and Affordable Housing obligations.

Now, however, Township officials have seemingly scrapped any task force and are proceeding with a plan to build a 70-unit affordable housing rental apartment complex on the publicly-owned Pennytown plot.

As of Monday’s Township Committee Meeting, there appeared to be near-agreement to transfer the bulk of the property to Conifer Realty, a private developer, to build and maintain the proposed rental units. The Township may also reserve a portion of the land to sell for commercial development.

The contract with Conifer has not yet been finalized or made public, but a few details emerged at the October 28 meeting, from comments by the Committee and Charles Lewis of Conifer:

Plans are to build a rental apartment complex to feature:

  • Fourteen (14) 1-bedroom units to rent (for $207, $693, or $ $864);
  • Thirty-six (36) 2-bedroom units to rent (for $435, $814, or $1018); and
  • Twenty (20)  3-bedroom units to rent (for $930 or $1165).

The rental complex would be built to a maximum 3 stories, with a townhouse design preferred, but design “input”  may be considered.  Conifer would be responsible for all permits and due diligence expenses.

Some questions were posed and some assurances were delivered concerning:

  • the tree protection ordinance (with implication that if trees were removed they may be “revegitated” elsewhere),
  • compliance with the 150 feet stream buffer, and
  • water treatment issues (the developer would retain responsibility for waste water).

The 70-unit plan hews to the Township’s original vision for Pennytown when it originally acquired the property.

However, serious concerns remain about the suitability of location for its proposed use – specifically related to traffic congestion, environmental suitability, the safety and lack of nearby amenities for pedestrians, and the impact of such a development on the character of the area.

We will continue to update this site as things develop, and we urge everyone to attend future meetings.

STAY TUNED