Princeton-based InterCap Holdings drew about 1,000 Edison residents to public workshops last week to discuss the redevelopment of 44 underutilized acres surrounding the cityÂs train station.Princeton-based InterCap Holdings drew about 1,000 Edison residents to public workshops last week to discuss the redevelopment of 44 underutilized acres surrounding the cityÂs train station. InterCap, the New Jersey operating partner for a Philadelphia real estate private equity firm, owns the property and is paying $2 million for the community-involvement process. The land, on Kilmer Road and Truman Avenue, is zoned for light industrial use and currently holds three large, partially vacant warehouses.
The workshops sought input on ways to increase commuter parking at the station and create good jobs. The plan developed from the workshops will call for office, retail, residential and hotel space, plus commuter parking and public spaces, according to InterCap CEO Steve Goldin.
InterCap and its team of planners have also met with community leaders and held neighborhood meetings for more than 1,000 residents over the past two months. Golden says the developer plans to hold follow-up meetings on the concept plan in April.
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