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May 15, 2017
NEWARK AIRPORT TO GET NEW TERMINAL A
The Port Authority will spend $2.3 billion to build a new Terminal A at Newark Liberty International Airport.
The Port Authority's vision for a new Terminal A includes a 1 million square-foot, T-shaped terminal that'll handle 13 million passengers through 33 gates - a 50 percent increase in capacity.
The project's deadlines are ambitious, especially since the old terminal will remain open while the new one's being built. Port Authority hopes to fly out of 23 new gates by the year 2020 - all 33 new gates by 2022.
NJ TRANSIT HOLDS HEARING ON EXTENDING HUDSON-BERGEN LIGHT RAIL
NJ Transit recently held a public hearing to review Hudson-Bergen Light Rail's (HBLR) Supplemental Draft Environmental Impact Statement (SD-EIS), a required step in the process to move the project towards construction. The project received $5 million from a $400 million supplemental appropriation bill passed by the Legislature and signed into law last month by Governor Christie, to ensure the completion of the EIS process this spring.
The HBLR would bring light rail to Bergen County for the first time, extending it eight miles from its existing terminus Jersey City to Englewood Hospital in Bergen County.
OVER $860K IN INNOVATIVE HEALTH RESEARCH GRANTS FOR SOUTH JERSEY
Congressman Donald Norcross announced that the U.S. Department of Health & Human Services (HHS) will be providing a total of $861,634 to South Jersey institutions.
The Rowan University School of Osteopathic Medicine will receive $564,713 from HHS' National Institute on Aging for a research project on blood-based biomarkers for the early detection of Alzheimer's disease. Andrew Technologies, LLC, will receive a $296,921 Small Business Innovation Research (SBIR) grant from HHS' National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK) so they can study ways to reduce insulin resistance in type 2 diabetes.
ROCKEFELLER ANNOUNCES LATEST OFFICE PROJECT AT THE GREEN AT FLORHAM PARK
The Rockefeller Group has announced plans to build to suit an office space at 110 Park Ave. in The Green at Florham Park. The firm did not state the specific size of the project, but said the property is zoned for up to 300,000 square feet.
Rockefeller is working alongside Cushman & Wakefield to market the project.
The Green at Florham Park is a 268-acre development that is home to the New York Jets, BASF's North American headquarters and Summit Medical Group. Rockefeller said it will seek to obtain a Leadership in Energy and Environmental Design, or LEED, certification at 110 Park Ave.
The Rockefeller Group's plans at The Green also include a flexible-stay community with 256 corporate units.
VOTERS APPROVE $111M IN SCHOOL CONSTRUCTION
On March 28, 2017, voters approved school construction proposals totaling more than $111 million in three districts out of the four that held special referenda.
The approved projects are:
Essex County Glen Ridge Renovations and improvements to four schools, plus acquisition and renovation of the Central School building, previously owned by the district, to provide for early education and elementary school classes. Total project cost: $23,758,854 State funds: $4,330,923
Middlesex County South Plainfield Proposal 1 - APPROVED: Renovations and improvements to seven schools and the South Plainfield Athletic Complex. Total project cost: $28,094,000 State funds: $9,526,000
Woodbridge Upgrades and improvements, including construction of a new elementary school on an existing site, to provide district-wide full-day kindergarten, technology upgrades, security upgrades, additional classrooms. Board capital funds of $1,550,000 will fund technology and security upgrades. Total project costs: $59,218,113 State funds: $12,861,265
PERFORMING ARTS CENTER FINALLY COMING TO NEW BRUNSWICK
After more than a decade of discussions and on-and-off planning, the long-awaited Performing Arts center in the heart of New Brunswick's revitalized downtown appears ready to move ahead. The state-of-the-art 122-story building would feature two theaters, three rehearsal stages and 240 apartments.
Chris Paladino, president of the New Brunswick Development Corporation (DevCo) said that if all work continues as expected, ground would be broken this summer with completion for the summer of 2019. The project has been described as the biggest public-private initiative in New Jersey.
The new 22-story-center would be located across from the Heldrich Hotel on a site that currently houses the George Street Playhouse and the Crossroads Theater, as well as the Rutgers Mason Gross School of the Arts and American Repertory Ballet---bringing together all those art forms for art presentations.
Demolition will begin June 5 with groundbreaking scheduled for August.
The project is receiving overall support of $75.5 million ---$40 million in Economic Redevelopment & Growth funds from the New Jersey EDA, $17 million from Rutgers in redevelopment bonds, $6 million from the Middlesex Cultural Arts Funds, $6 Million from New Market Tax Credits, $4.5 million from the New Brunswick Cultural Center and $2 million in air rights payments.
5/16/17 - NJ Statewide Transportation Conference, click here to register.
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6/23/17 - Investing in South Jersey, click here to register.
PEOPLE ON THE MOVE
Jeff Waters, President of Waters & Bugbee, has been appointed Co-Chair of NJ LECET
Keller Engineers, Inc. has named Samir (Sam) Mody, P.E. President of the newly formed entity, Keller Engineers of New Jersey, LLC, a subsidiary of Keller Engineers, Inc.
Thomas Scrivo, Chief Counsel to Governor Christie is the new Chairman of the NJ Economic Development Authority. Scrivo stepped down as the Governor's Chief Counsel to return to private practice. He will be replaced as the Governor's Chief Counsel by UnitedHealth Group Executive Director Gregory Acquaviva.
REPORTS OUTLINE ECONOMIC BENEFITS OF NJ COLLEGES
New Jersey's non-profit independent colleges and universities released a report that details the $3.5 billion impact the sector makes on the state's economy.
Highlights from the report illustrate the sector's importance:
More than $3.5 Billion in overall economic impact to state
$35 in economic impact to the state for every $1 of state funding
Employment - over 33,000 direct and indirect jobs
Investment of $1 billion in Construction and spending
Research and Discovery - $1.9 billion in research over five years
In a separatereport by the Bloustein School of Planning and Public Policy, Rutgers University President Robert Barchi outlined to all Rutgers graduates how the State Government returns nearly seven dollars to the New Jersey economy for every one dollar investment that the government provides to Rutgers.
Among the economic impacts are sixty-eight thousand jobs statewide and $5.2 billion in economic activity. The activity includes Rutgers' services which benefit small businesses, farmers, families, schools and local governments in every county.
A key state panel voted to authorize Gov. Chris Christie's planned $300 million renovation of the 224-year-old Statehouse's executive wing.
The eight-person State Capitol Joint Management Commission, comprised of top staffers from Christie's administration and from the offices of Assembly and Senate Democrats and Republicans, voted 7-0.
In announcing the project, Christie described the conditions as "shameful."
If put off, the $300 million in estimated costs would rise by $8 million to $10 million per year, according to the resolution.
The renovations will include installing fire sprinklers, safeguarding the attic and other areas of the building from combustible materials, correcting non-code compliant means of exiting the building, such as the fire escapes, correcting non-compliance with Americans with Disabilities Act mandates, making security upgrades, and fixing significant structural issues throughout the building.
New Heating Ventilation and Air Conditioning systems will be installed, and upgrades will be made to the building's electrical, mechanical, lighting, telephone and data systems.
Along with the work to the executive suites, the legislative branch will get upgrades to its HVAC, communications, fire safety and security infrastructure, according to the resolution.
The Economic Development Agency will finance the projected $300 million project through bond sales. Under the arrangement, the joint commission will for $1 lease the building to the EDA, which will sublease it back to the commission, which will reimburse the EDA in the form of rent payments.
NJIT CELEBRATES REOPENING OF CENTRAL KING BUILDING
New Jersey Institute of Technology (NJIT) celebrate the grand reopening of the Central King Building as the newest part of the college's Newark campus.
The project is the former home of Newark Central High School. State, federal, county and local officials participated as the Central King Building was described as the largest single facility funded by the state through the 2013 Building "Our Future Bond Act" strongly supported by the Alliance for Action.
FORMER ATLANTIC CLUB TO BE CONVERTED TO INDOOR WATER PARK
Plans are moving forward to develop the shuttered Atlantic Club casino in Atlantic City and convert the property into a large-scale indoor water park.
Plans for the site, which will be named Dolphin Village at Atlantic Club, include a 100,000-square-foot indoor water park, hotel rooms, restaurants and an arcade space.
The developer will put more than $135 million into the building and while construction on the water park could take one to two years, over 300 rooms could become available by this fall.
AMAZON ANNOUNCES PLANS FOR THREE NEW SITES
As Amazon opened the doors on its largest fulfillment center in Carteret, the Seattle-based e-commerce giant also announced plans to open another three sites in New Jersey that will create more than 2,500 additional full-time jobs. The new sites will be in Logan Township, Edison and Cranbury.
The newly opened one-million-square-foot center in Carteret houses over 2,000 employees and will serve as the main hub for the firm's shipping needs in the region.
The new fulfillment centers will be used to pick, rack and ship larger consumer orders like furniture and musical instruments.