Mixed-Use Residential Community
Vermella at Garwood Station is currently under development along the NJ Transit rail line and in the vibrant downtown district of Garwood in Union County, NJ. At full completion of the community, Russo will deliver almost 400 residential units, a dazzling amenity package including a resort-style pool with waterside dining, state of the art media room, and inspired gathering and event spaces only paralleled in the poshest of luxury hotels. Additionally, the community will boast 19,000 square feet of retail with a full-service restaurant, coffee shop, and service-oriented tenants to benefit the residents and the greater community. All of this will live at the footsteps of the local train station with access to New York City. The design of the community, with the help of the local planners, will encourage all Township residents to congregate there to enjoy the retail, parking garage, and outdoor plaza.
This challenging site was a former Alcoa Metals plant and later a plastic extrusion facility that was at one point the largest employer in the area. In later years, the site and buildings had been subdivided and eventually shuttered as the buildings became functionally obsolete.
The team at Russo Development saw great potential in the property. There was no denying the location and the communities desire to bring this property to its highest and best use. The extremely challenging aspect of this project was navigating the entangled multi-property ownership structure and the complex local intricacies when bringing multifamily, retail use to a quant and tranquil suburban community. Russo Development worked tirelessly with the Township and its residents to develop a thoughtful community plan with minimal traffic and township service impact. Similar to past projects that Russo has brought to the market, we worked closely with the Town Planner to designate the property as an “Area in Need of Redevelopment”, adopt a sound Redevelopment Plan, negotiate a long-term PILOT or “Financial Agreement” with the host community and work through land use approvals from various State agencies.
We are excited to have launched vertical construction and to soon bring this mixed-use community to the Township in 2021. The Russo development team has designed an ambitious project pushing the envelope on mixed-use, multi-family living and contemporary design. At completion, our community will be a proud symbol for the Township and the newest town center for all residents to enjoy.
Please visit www.vermellanj.com for more information on the community or Russo Development at 201-487-5657 for more information on the project.