Project Summary: 2nd & Sloan St. RedevelopmentA mixed-use development with 42 residential units and a ground floor community space, located at 8 Second Street (Second St. & Sloan St.). 

The Sloan Street Redevelopment Area consists of one property located at 8 Second Street, which forms the western border of Block 1905, parallel to the New Jersey Transit commuter train line. The parcel is a corner lot with three frontages: Second Street, Third Street, and Sloan Street.  

• By the Numbers 
  1. PILOT – A proposed PILOT agreement is being negotiated
  2. Village Contribution - TBA

• Community Benefits
  • Community artist and makers workspace

• Affordable Housing Component: Minimum of 20% of units shall conform with the Village’s Affordable Housing Ordinance.
  1. None of the required Affordable Housing component may be located off-site.
  2. Affordable units shall not be concentrated to one residential floor or have separate entrances from the market rate units.

Current Phase: 

• Redevelopment Plan Approved (linked below)
• Redevelopment Agreement Approved 
• Planning Board Approval received 4/4/2022
  • Planning Board Submissions

Estimated Project Duration: TBA

Developer: Markbuilt

Special Conditions: TBA