$12 Million Redevelopment Planned for Roosevelt Avenue

Carteret, NJ – Plans have been approved for a 60-unit residential apartment complex at 180-182 Roosevelt Avenue. The project is being constructed by Roosevelt Avenue, Urban Renewal Company, LLC of Paramus, New Jersey.

The new apartment complex will replace an abandoned auto repair shop and a vacant multi-family residential structure. The complex will consist of a five-story apartment building with sixty apartments. The ground level floor will hold 96 parking-spaces in addition to a lobby, management office, a mail room, a trash room, two utility rooms, a transformer room, and bicycle storage room. The second floor will contain 14 apartments, an elevator lobby, storage space, a gym and an outside lounge deck for tenants. The third, fourth and fifth floor will house apartment units exclusively.

The site was designated a redevelopment zone by the Borough Council and Planning Board in October of 2014 with the goal of creating a more vibrant and improved street scape view. This area of Carteret has transitioned to a transit oriented residential area. “The project will rejuvenate the area and help with the growing demand for residential housing brought on by a thriving local economy,” said Mayor Reiman. “The plans for 180-182 are an extension of the progress we’ve made on lower Roosevelt Avenue, and allow residents to take full advantage of the transit corridor & access to New York City via NJ Transit Bus Route 116.”

Call Us at (732) 541-3801 | Open Mon-Fri 8:00a - 4:00p