Morristown NJ Real Estate Development News

As the major condo projects near the Morristown central green continue to move forward, one condo project in Morristown New Jersey will not be moving forward anytime soon. 

Plute Homes had gained approval to develop  a site on Court Street in Morristown, just behind and above the Morris County Courthouse.  This site is a very steep, and difficult piece of land and rock to put any sort of development.  Prior to getting approval for this development there were 6 homes on this mountain like property, but they have since been torn down.  Now the lot is full of weeds and not much else.

Plute Homes had planed to build a 66 unit project on the 1.3 acre lot, with 4 of them being townhomes and the rest being condominiums.  Along with these Plute was going to build a 138 space underground parking ramp, a health club, and a large outdoor terrace.  How they planed on getting all of that onto 1.3 acres seems a little impossible but that was their plan.

Of course that was the plan, it is not the plan anymore.  As I write this there is no current plan for the lot.  It will likely sit empty for quite some time, as their are much less expensive sites to develop in other areas and with 4 major condominium projects under construction already does Morristown really need a 5th project.

Thank you for reading,

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