Wednesday, May 22, 2013
Developer expects Latitude to be ready in about a year and a half.
Mill Creek Residential Trust broke ground on Tuesday for Phase I at 32 Early St., which will become the new location of Latitude, luxury rentals. The firm began demolishing homes and removing debris and brush in January to clear the land. Demolition has finished and the groundbreaking ceremony marked the beginning of construction. Rich Murphy, Mill Creek Residential Managing Director, said that Mill Creek got involved in the project about five years ago. He expects it to be ready in about a year and a half “Over the next year and a half, there’s going to be a lot of activity here,” said Murphy. “You can see we’ve already broke ground. We’ve completed our remediation. A whole lot of demolition has taken place.” He gave a rough timeline: “…
40.80188
-74.48429
32 Early St, Morristown, NJ
/articles/rough-timeline-set-for-phase-i-early-street-apts
/locations/9411112
Mill Creek Residential Trust expects to finish Phase I in about a year and a half.
In a little over a year, expect to see a new apartment community on Early Street. Mill Creek Residential Trust began demolishing homes and removing debris and brush in January to clear the land at 32 Early St., which will become the new location of Latitude, luxury rentals. Now that demolition has finished, construction will begin, marked by a groundbreaking ceremony on Tuesday. “It does take a lot of time, but when you get it right, you break ground. It’s wonderful to be a part of a community that continues to grow,” Mayor Tim Dougherty said at the ceremony. “There were times that were difficult because Morristown comes first, not the developer. I think that the developer, Mill Creek, understood that that was our belief … (and that) is …
40.80188
-74.48429
32 Early St, Morristown, NJ
/articles/mill-creek-morristown-break-ground-on-early-street-apts
/locations/9407941
Monday, May 20, 2013
Phase I construction begins after Tuesday's groundbreaking ceremony.
In 2012, the Speedwell Redevelopment Plan was finally approved. In 2013, work on its first phase is is now beginning with a groundbreaking ceremony on Tuesday at 5:30 p.m. at 32 Early Street. Mill Creek Residential purchased Phase I of the Speedwell Redevelopment project. This land purchase paves the way for development of "Latitude," a luxury rental apartment community situated on Early Street (off of Speedwell Avenue). Latitude is designed to further enhance Morristown as a pedestrian-friendly, destination community. The project is the first large-scale residential development to be constructed in almost four years in Morristown. Leading multifamily developer and investor Mill Creek Residential Trust will transform the site into a luxury…
40.80188
-74.48429
32 Early St, Morristown, NJ
/articles/groundbreaking-planned-for-speedwell-redevelopment
/locations/9405310
Wednesday, January 2, 2013
Developers of 'Latitude' anticipate occupancy in 2014.
In 2012, the Speedwell Redevelopment Plan was finally approved. In 2013, work on its first phase is expected to begin, to make way for occupation next year. Mill Creek Residential announced Wednesday it had closed on its purchase of Phase I of the Speedwell Redevelopment project. This land purchase paves the way for development of "Latitude," dubbed "a luxury rental apartment development that will further enhance Morristown as a pedestrian-friendly, destination community," according to a press release. Latitude will consist of a single building with 268 studio, one-, two-, and three-bedroom rental units with a 357-space parking garage incorporated into the structure, "as well as a host of lifestyle amenities," according to the release. The…
Josh
10:29 am on Thursday, May 23, 2013
Not sure which houses you are looking at, but it appears the house's on the lake side are much smaller lots than the others. The zillow estimates are not always that accurate, so I would make sure you are looking at pricing of houses actually on the market (or recently sold). more ›