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HIGHLAND CROSS
MIXED-USE MULTI-FAMILY AND COMMERCIAL DEVELOPMENT

A 23 acre site adjacent to the Meadows Office Complex development at the Northeast intersection of Route 17 and Route 3 in Rutherford, NJ.

The program will include:

 

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800 Market Rate Multi-Family Residential Units, including inclusionary COAH Affordable Housing Units, allowing an opportunity for Rutherford and the New Jersey Meadowlands commission to satisfy their Affordable Housing Obligations.

 

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A Lifestyle Retail Center with 500,000 square feet of commercial retail space creating a new pedestrian Main Street.

 

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Complimentary, not competitive retail to Rutherford's historic Park Avenue Business District.

 

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Main-to-Main Concept connects Highland Cross' Main Street to Rutherford's Park Avenue linking the two communities as one.

 

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One Retail anchor will be a new 20th Century Supermarket.

 

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A 250 Room Full Service Hotel with Conference and Banquet Facilities, adjacent to a 225 Room Marriot Spring Hill Suites Currently Under Construction.

 

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Minimal new Public School Children are expected from the new Highland Cross. Residential Units as the target market is DINKS (double income, no kids), Parents with infants (who are likely to migrate to single family homes when their children are ready for elementary school) and Empty Nesters, many of whom are expected to come from Rutherford.

 

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A location for a new DMU Train Station for New Jersey Transit at the junction of the Bergen and Pascack Valley Lines.

Will be built in a phased development schedule over a 7 year period.

Will produce a significant tax surplus for the Borough of Rutherford.

PRESS COVERAGE:

“Rutherford Planning Board OKs COAH Plan” 12/13/08 – Leader Newspapers

“Highland Cross in Rutherford’s Future?” 12/03/08 – South Bergenite

 “Highland Cross ‘We Can’t Ignore It’” 11/12/08 – South Bergenite

“COAH Obligation Opens Door to Housing at Highland Cross” 11/07/08 – Leader

“Highland Cross Plan is with NJMC” 07/23/08 – South Bergenite

“Controversial Highland Cross Project Looks to add up to 800 Residential Units”- 07/12/08 Leader Newspapers

 

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