NJ Officials Frustrated by Delay in Self-Storage Development
Delayed development of a proposed self-storage facility in North Arlington, N.J., is causing local officials frustration.
July 30, 2009
Delayed development of a proposed self-storage facility in North Arlington, N.J., is causing local officials frustration. Self Storage Specialists appealed to the local zoning board more than a year ago to build self-storage on the site of a former mattress factory, but thus far, no work has been done at the property. Its representatives recently indicated to borough officials that the firm is having a difficult time funding the project.
In an effort to stimulate local real estate development, the city recently proposed an ordinance that will cause planning and zoning variances to expire in one year instead of two, so developers will have less time to begin building a project. If they do not begin work within one year, they will have to go back to the planning and zoning board for approval. In the case of Self Storage Specialists, it would also need approval from the mayor and council, because its site is in a redevelopment area.
Some officials believe this move to be too heavy-handed in a down economy. Borough attorney Tony D'Elia said he would look into the legality of creating timelines for construction.
Source: South Bergenite, Town wants developer follow through
Related Articles:
Self Storage Specialists Delay on North Arlington Conversion
Self-Storage in the Northeast: Real Estate Snapshot
You May Also Like