EDGEWATER, N.J. — The developers snatched up possibly the last large building site here on New Jersey’s red-hot gold coast, a weed-covered, waterfront parcel offering spectacular views of Manhattan.
They devised a plan they thought local officials could not refuse: They would create two parks, a waterfront esplanade, space for retail, a ferry terminal, an elementary school, and 1,863 apartments in five high-rise buildings, including 375 units for low- and moderate-income tenants. The project would pay an estimated $12 million a year in taxes.
Instead of embracing the plan, Michael McPartland, the mayor of …read more
Source: New York Times