Historic Van Sciver Building Will Become a State-of-the-Art Mixed-Use Building with Underground Parking, a Public Plaza, and Premier Residential Amenities
Development Will Create 120 Residential Rental Units and Over 7,500 Square Feet of Retail Space
60% of Units Will Be Market-Rate and 40% of Units Will Be Affordable to Households Making 60% or Less of the Area Median Income
TRENTON – Governor Phil Murphy, Lieutenant Governor Sheila Oliver, State Treasurer Liz Muoio, Mercer County Executive Brian Hughes, Trenton Mayor Reed Gusciora, Ó£»¨ÊÓƵ Housing and Mortgage Finance Agency (NJHMFA) Executive Director Melanie R. Walter, RPM Development representatives, and state and local officials today celebrated the groundbreaking for historic 150-170 South Broad Street and the historic Van Sciver Building in Trenton.
“This is an exciting day for the City of Trenton, Mercer County, and the Ó£»¨ÊÓƵ,” said Governor Murphy. “The redevelopment of this historically significant site, with new housing units and retail space, marks a new chapter in Trenton’s revitalization.”
“This project goes beyond redevelopment. It is community building,” said Lt. Governor Sheila Oliver, who serves as Commissioner of the Ó£»¨ÊÓƵ Department of Community Affairs (DCA) and NJHMFA board chair. “It preserves and honors the history of the site while utilizing a vacant space to create new mixed-use and mixed-income housing and business opportunities.”