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Stalled Lower Broadway Project Could Get Moving Soon

LONG BRANCH: A mixed use project for the city's Lower Broadway redevelopment zone could get off the ground soon.

"Tony Pereira of PAX Construction is interested in getting moving...he has the properties that run from Broadway and Third on the east side of the street back to Belmont," Long Branch Business Administrator Howard Woolley said earlier this month.

PAX received approval on Jan. 20, 2009 to construct a multi-use residential/commercial complex on the east side of Third Avenue and Belmont Avenue, and was given an extension on its site plan in late 2014. The developers said the extension was needed because the project was held up due to a required environmental analysis of the old Independent Fire House property.

The site plan for the 35,620-square-foot property includes 22 residential rental units, up to five of which could be designated affordable, a corner restaurant, seasonal rooftop cafes and gardens, and retail stores built onto four floors and two buildings with enclosed bridges for navigating. A portion of the rentals will be live/work units where a work area will be on one floor and a residential area will be on the second floor.

The existing Brent Good Building on the southeast corner of Broadway and Third Avenue would be renovated. A new 4-story building will be built on the northeast corner of Third Avenue and Belmont Avenue with and underground parking garage that has 96 spaces.

A new 2-story structure would also be built on Broadway that would include a bar/restaurant on the first floor and a loft on the second floor.

PAX was approved as the developer for the property in 2008 by the Long Branch Council. The property is located in the Lower Broadway Corridor Redevelopment Zone, so anything built there needed the approval of the council and planning board. The Lower Broadway Corridor is separate from the Broadway Arts Center redevelopment zone, which is owned by Diversified Realty Advisors.

Read more from: Long Branch

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