Paterson officials look for developer for former armory site
Paterson city officials say that they are scaling back on development restrictions at the former Paterson Armory in the hopes of sparking interest in a developer for the site.
The Market Street building sat vacant for years before a large fire gutted the building in 2015. The city has tried to draw a mixed-use development for the building by selling it as a bundle project involving commercial, residential and administrative space.
Since they have not been able to find a developer, officials say they are splitting the project up.
"A developer could actually come in and bid on one or both points," says Mayor Joey Torres. "They could do the historical rehabilitation of the administrative building...or they could go ahead and build on the clean land after we remove the oil tanks."
Mayor Torres says that a developer who built on the clean land could build 65 to 75 housing units.
Officials are expected to meet with potential developers Wednesday. The deadline for submitting proposals is May 3.