The site currently contains a 750,000-sf manufacturing plant that American Standard closed in 2002. Portions of the plant date back more than 80 years.
Under the approved plan, part of the existing structure, where the company made toilets and other bathroom fixtures, will be demolished. The remaining portion of the structure will be turned into three separate office buildings totaling almost 475,000 sf of space. The complex will be named American Metro Center.
The preliminary site plan approval calls for the tract to be subdivided into 65- and 47-acre parcels, according to Kolar. The 65-acre portion, which contains the existing industrial plant, will be the initial focal point of the redevelopment process. The first phase, for which PREI obtained final approval, will include a total of just over 160,000 sf of office space. The subsequent phase two build-out will raise that total to some 475,000 sf.
Plans for the 47-acre subdivided tract are less specific. PREI officials say only that they will either redevelop it themselves with unspecified uses, or possibly sell it to another developer for the same purpose. In either case, the site still has to be remediated: At least four locations within the 47 acres are contaminated with barium, lead and zinc deposits.
The project also calls for substantial road and access improvement in the vicinity and, under its agreement with the community, PREI will post a bond to get that part of the project done. PREI officials also say they are targeting 2008 or 2009 for fully redeveloping the property.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.