file photo of “Jim” McGreevey’s Xanadu
Rutherford industrial tract getting 2 hotels, 500 apartments, retail space
OCTOBER 7, 2014, 7:26 PM LAST UPDATED: TUESDAY, OCTOBER 7, 2014, 10:46 PM
BY LINDA MOSS
STAFF WRITER
THE RECORD
North Jersey’s Meadowlands, once home mainly to warehouses and industrial sites, will be getting a new mixed-use redevelopment with two hotels, 500 apartments and retail space in Rutherford.
The New Jersey Meadowlands Commission has approved amendments that Lincoln Equities Group LLC sought to the roughly decade-old redevelopment plan for its Highland Cross project.
Lincoln Equities is ready to proceed with the project, set for 26 acres near the intersection of Routes 17 and 3, said Joel Bergstein, president of the East Rutherford-based real estate firm. The property, a former “brownfield” site, fronts on Veterans Boulevard and is behind the Meadows office complex on Route 17.
Construction is likely to start in about 18 months, Bergstein said.
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