Park Madison Urban Renewal is a large-scale public and private redevelopment project, which includes a 100,000 square foot class "A" county administration building, 360 car-multi-story parking garage, public plazas, and two free standing retail buildings totaling 26,000 square feet. Time-consuming issues such as structuring agreements with the county and city; securing sources of funding through tax-exempt bond financing; negotiating a tax abatement agreement (PILOT); development of site plans for municipal and state land-use approvals; and successful interfacing with the City's public officials were expedited by AST. The project also included significant site-specific issues which AST navigated the project team through, such as environmental remediation and extensive off site infrastructure improvements. Construction commenced in spring 2003, and was completed on schedule in fall 2004.
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Project: Park Madison
Location: 200 W Second Street
Plainfield, New Jersey
Use: Office / Retail / Parking
Completion: 2004
Sqr. Footage: 125,000