A groundbreaking ceremony will be held at 6 p.m. on Thursday, September 28th, for Merida @ Roselle Park, the development at 610 West Westfield Avenue.
The old Domani’s/Yesterday’s restaurant – along with surrounding lots – is where the new 212-apartment two-building residential complex is set to be built and managed by Capodagli Property Company (CPC). Last year, the governing body and Municipal Land Use Board approved the project which was set to have 5,000 sq. ft. of commercial space on the ground floor. During the application process, there was mention of the retail space being set aside for a restaurant but no eatery has been named as of yet.
“Each Meridia property is designed with the community’s needs in mind,” stated George Capodagli, managing member of CPC in a press statement, “In Roselle Park, we want our buildings to reflect the excitement and beauty of the new downtown revitalization.”
The one- and two-bedroom apartment complex – some with a den – is scheduled to be completed by 2019. The developer applied and was approved for PILOT – or Payment In Lieu of Taxes.
CPC/Meridia has completed similar developments in Rahway, Linden Bound Brook, West New York, Hackensack, and Wallington. In 2016, the 108-unit Meridia Water’s Edge in Rahway was sold for $29 million.
“This development will be an anchor for the downtown,” Mr. Capodagli commented, “The apartments will be in close proximity to the Garden State Parkway and Roselle Park train station. It’s an ideal location for young people or empty nesters looking to be within walking distance of amenities.”
This is the first major residential development in almost half a century, according to Mayor Carl Hokanson at the September 7th Mayor & Council meeting.