GAF Factory Site: A Brownfields Remediation & Redevelopment Case Study

South Bound Brook, NJ

Developed by:

The Matzel & Mumford Organization, Inc. (a K. Hovnanian Company)

David Fisher, PP, AICP - Vice President

CREATING A REDEVELOPMENT AGENDA FOR NEW JERSY

REDEVELOPMENT FORUM 2012

FORMER GAF FACTORY SITE

WHAT DEVELOPERS ARE LOOKING FOR

LOCATION

- Access to jobs, highways & mass transit

- Shopping, recreation & cultural

MARKET

- Buyer profile / demographics

- Condition of area, value, safety

- Schools

OPPORTUNITY

- Cohesive political vision ~ regulatory partners

- Proper redevelopment planning

- Plan based on market realities

- Realistic uses, density, layout & design flexibility

- Appropriate use of recreation and civic spaces

FINANCIAL

- Property owned by municipality ~ ideal (limit eminent domain)

- Acquisition assistance, if necessary. Especially where either infrastructure and/or environmental conditions warrant significant up-front expenditures

- PILOT program? HDSRF funding? Environmental Infrastructure Trust?

ASBESTOS REMOVAL, DEMOLITION & SOIL REMEDIATION

SOIL REMEDIATION, CAPPING, DYNAMIC COMPACTION

& CANAL BANK RESTORATION

CANAL CROSSING PROJECT FEATURES

CLEANUP & ACQUISITION OF 12.5 ACRES

- $8.3 Million remediation project with complex 4-party agreement between NJDEP, Borough, M&M and former G-1 Holdings (RP)

REPLACEMENT, UPGRADE AND EXTENSION OF OLD SANITARY SEWER LINE TO ASSIST BORO IN LIFTING 20-YR OLD SEWER BAN

152 TOWNHOMES

23,000 S.F. OF MAIN STREET RETAIL SPACE, WITH 2nd STORY RESIDENTIAL UNITS ABOVE

ADDITIONAL SHARED PARKING (with existing Credit Union Bank)

CREATION OF NEW “WATERFRONT PLAZA” AREA FOR BORO

RESTORATION OF 1600 L.F. OF THE D&R CANAL

CONSTRUCTION OF PEDESTRIAN WALKWAY/BIKE PATH ALONG CANAL – CONNECTING TO TOW PATH

PARTNERSHIP WITH BOROUGH & ELIZABETHTOWN WATER CO. FOR PEDSTRIAN BRIDGE REHABILITATION

3/4 AC. PARK PROPERTY TO SOUTH BOUND BROOK

SITE WORK

PEDESTRIAN

BRIDGE

REHAB

CONSTRUCTION BEGINS (Summer 2005)

BEFORE PHOTO: Significant blight on Borough’s Main Street; abandoned for more

than 20 years; some buildings more than 100 years old; no access to D&R Canal or towpath

AFTER PHOTO: Remediation complete, 152 Townhouse

condo’s; commercial site not yet developed