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RPM media coverage from across the stateNEWS ARCHIVE

May 2015
Leasing Begins at Pleasantville City Center Complex

Dubbed City Center, the $34 million apartment and retail complex is the first major development in Pleasantville in many years and brings with it the hope of a broader revival of the downtown business district.

“What it’s going to do and is already doing is revitalizing the downtown,” said Amado-Belton, the city’s director of economic development. “It is bringing new retail to downtown and spurring other developers to revitalize other areas of town.”

The two-building apartment complex mixes 135 residential units with 18,000 square feet of retail space. No outlets have been announced yet, but Amado-Belton envisions a restaurant and some professional offices as some of the businesses that will occupy the retail space along Main Street in the heart of downtown.

But mainly, the City Center project means attractive new apartments to help rejuvenate Pleasantville’s housing stock. Residents displaced by Hurricane Sandy in 2012 will be given priority for the units.

April 2015
60 Nevada Opens in Downtown Newark

According to a release, the 60 Nevada building is a four-story, $20.5 million, LEED platinum-certified structure, which will offer 75 affordable housing units available to Newark families that earn 60 percent of the “area median income.” The building will include eight one-bedroom units, 48 two-bedroom units, and 19 three-bedroom units, with five of the units reserved for homeless members of the community.
The release stated that 999 Broad will be a LEED-certified, $21 million project, which will consist of 87 units, 47 of which will be designated for low-income renters and 40 of which will be market rate. The building will also provide 6,500 square feet of ground floor retail on Broad Street.
Both buildings will have high-efficiency heating, cooling, and lighting fixtures, green garden terraces, secure, on-site parking, laundry facilities, and social services administered by an on-site coordinator.
According to a release, the City of Newark provided gap financing from its HOME program to both projects. Additional financing for 60 Nevada was provided by the New Jersey Housing & Mortgage Finance Agency, The Richman Group, and CapitalOne.

January 2015
Newark Historic Mansion - Revitalized

After being abandoned and falling into disrepair, the historic Wright-Clark Mansion in Newark’s Forest Hill neighborhood has been restored as a seven-unit affordable housing apartment building.
“When something like this comes along…it kind of energizes you,” said Del Tufo, president of the Newark Preservation & Landmarks Committee, who lives near the property.
“You have to aim higher,” Del Tufo added. “You can’t settle for mediocrity.”
Del Tufo was among the attendees at an event today to celebrate the $2.5 million project from Montclair-based RPM Development Group, transforming what had been an eyesore in the community into a model for historic preservation.
When people ask him about restoring their properties, Robert Hartman, a member of the city’s Landmarks and Historic Preservation Commission, said he would direct them to the mansion.
“It’s something that we can all point to and say this is how it’s done correctly,” Hartman said. “This is what we should all be doing.”
In addressing the crowd at today’s event, Newark Mayor Ras Baraka stressed the need for more restoration efforts in the city.

September 2014
Official groundbreaking held for Pleasantville City Center

Keeping with tradition, officials broke ground on a project that they say is already well on its way towards changing Pleasantville.
"This project has been long in the making, it sets the tone not only for Main Street but it sets the tone for Pleasantville, it's something we can all be proud of," said Mayor Jesse Tweedle.
The state contributed over seven million dollars in Sandy–related funds to the 38 million dollar project, and when it's all said and done, 135 units will be available for working class families.
"It's 80% workforce housing and 20% market rate, one, two, and three bedrooms," said Tweedle.
Officials estimate the city center will generate over 400 thousand dollars in tax revenue for the city. In addition to housing benefits, with its 18 thousand square feet of retail space, officials say the city center carries a large economic benefit.
"We calculate the economic output of this project alone to be over 61 million dollars to Pleasantville and the surrounding region," said Executive Director of the NJHMFA, Anthony Marchetta.
"There's going to be about 39 to 40 full time jobs, as a result of this, the impact from that though is going to be enormous, just that alone,” said Executive Director of the NJDCA, Melissa Orsen.
Officials say this project will be unique to Pleasantville and will cater to those who routinely travel by bus and on foot.
"We're trying to attract retail businesses, things like Starbucks, something like that that's going to attract people that walk back and forth through Main Street," said the Mayor.
And as crews work towards a summer of 2015 completion, city officials hope this project attracts future development.
"I think you'll start seeing other investors that will come in and invest in our downtown," said Jacqueline Amado-Belton, Director of Pleasantville Economic and Industrial Development.
Officials say the city center project has already created roughly 400 new construction jobs.
Posted By Ryan Ross 

February 2014
GG Green Building Highlighted in NJ Trust Report

In 2013, the Historic Trust accepted the donation of a perpetual 
preservation and conservation easement on this landmark building in 
Woodbury (Gloucester County). The Green Building was listed on the New 
Jersey and National Registers of Historic Places in 2001 for its significance 
in the area of community development and its architectural significance as 
a vernacular example of the Romanesque style applied to a commercial 
building. The easement will protect the unique historic architectural 
features, such as the windows, cornice and historic masonry, that contribute 
to the building’s significance. 
Constructed in 1880 by prominent businessman George G. Green, the 
impressive brick block in downtown Woodbury originally housed 
commercial retail space, offices, meeting space and a 1,000-seat opera 
house. The Green Block was the largest building in Woodbury and the 
center of civic and cultural activity. Green amassed his fortune first through 
the manufacture of patent medicines and then through successful business 
enterprises throughout the county. He utilized his wealth locallyy to spur 
Woodbury’s development and support community welfare. 

The opera house was converted to a movie theater, 
active until its closure in 1955. When the interior was 
converted to a large retail space, an incompatible false 
front was installed on the second story exterior (right). 
The building was vacated in 2000, and deteriorated to the 
point that it was scheduled to be demolished in 2012. 

RPM Development, LLC, however, realized the potential for this once 
grand building and proposed a reuse plan for the block. Under the 
guidance of the National Park Service and the New Jersey Historic 
Preservation Office, the developer completed the restoration and 
rehabilitation project in 2013. The project relied on a complex finance 
package including low-income housing credit and federal investment tax 
credits. Senior housing now occupies the upper floors of the structure, 
while stores at the street level will again contribute to Woodbury’s 
downtown commerce. 
The NJ Historic Trust holds the preservation easement, which was a 
requirement on the part of city when the building was sold to the 
developer. The easement insures that the G.G. Green Building remains a 
landmark far into the future. 

January 2014
Christie Administration Marks Grand Opening of GG Green Senior Residences in Woodbury

The New Jersey Housing and Mortgage Finance Agency (HMFA) Executive Director Anthony L. Marchetta recently joined City of Woodbury Mayor William J. Volk, elected state officials, and RPM Development Group to celebrate the grand opening of GG Green Senior Residences, a 55-unit senior rental community in the City of Woodbury, Gloucester County. The HMFA, an affiliate of the New Jersey Department of Community Affairs (DCA), awarded the redevelopment project federal Low Income Housing Tax Credits (LIHTC) that generated approximately $11.3 million in private equity. RPM Development Group, the developer for the project, has a history of adaptive reuse of historic structures with a goal to provide quality housing while aiming to improve neighborhoods.