Elite Properties Celebrates

The Springfield Avenue Partnership, Maplewood Township officials and business leaders celebrated the opening of a 30-unit, pet-friendly, elevator-accessible apartment building at 1701 Springfield Avenue on September 12.

The building was constructed and will be operated by Elite Properties, which also developed and manages the 151 units of the Maplewood Crossing apartments on Burnett Avenue in Maplewood.

The new Springfield Avenue building, in the former DiPietro’s location, enjoys close proximity to the Hilton Branch of the Maplewood Library (just across the street), Springfield Avenue shopping, the Maplewood Community Pool, and Maplecrest and DeHart parks.


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One-Seat NYC Ride

transitRaritan Valley Line rail commuters are closer to a transfer-free train ride to and from Manhattan in the evening after federal funds were approved by a transportation planning group Tuesday morning.

The North Jersey Transportation Planning Authority approved transferring $910,000 in federal congestion management and clean air funds to NJ Transit to finance the “one-seat ride” which would spare Raritan Valley line riders from having to transfer between trains in Penn Station, Newark.

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Fanwood Ground Breaking

fan_cross_grnd_breaklgFanwood Mayor Colleen Mahr and Elite Properties, of Warren, held a ground-breaking ceremony Wednesday morning for what’s been heralded as the next step in the borough’s downtown redevelopment: a three-story mixed-use building at the corner of Martine Avenue and South Avenue, built in a vibrant Victorian style to match the Fanwood Train Station.

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Primrose School Groundbreaking

prim_sch_grd_breakMayor Gary DiNardo, school co-owner Burt Eng and several representatives of contracor Elite Properties didn’t waste any time performing ceremonial groundbreaking for the Primrose School.

With the temperature rapidly rising to uncomfortable, the event didn’t take too long—but since heavy equipment was already at work moving dirt, it didn’t interfere.

“I would pick the hottest day,” Eng joked, as he and Elite Properties’ Tom Powers and David and Amerigo Checchio grabbed iced bottles of water from a cooler on hand.

The entire 2.9-acre site at the corner of Mt. Bethel Road and Powder Horn Drive will serve as the school’s campus, which will include an 11,800 square foot school building and multiple secured and age-appropriate playgrounds.

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Elite Properties in the news

A proposal to transform the former Universal Chain factory site at 92 Burnett Avenue into a large rental apartment complex took another significant step.elite_in_news

In a 4-to-1 vote, the Maplewood Township Committee agreed on Tuesday to grant owner Elite Properties a 30-year tax exemption on paying the full property tax rate for the apartment complex. Instead, township officials authorized a payment in lieu of taxes, an annual service charge of about 2 percent of the cost of the total project.

The agreement was intended to make the project more financially feasible and to draw support from potential investors, Mayor Victor DeLuca and Elite Properties General Counsel David Checchio said in an interview on Wednesday.

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