Partner Frank Vitolo Represents Vertical Realty Capital in Downtown Morristown Project
Partner Frank Vitolo is representing client Vertical Realty Capital LLC in a significant redevelopment project in downtown Morristown. As covered in the Morristown Green, the Morristown Town Council approved a redevelopment agreement that paves the way for Vertical to build a mixed-use development of apartments, retail stores and a restaurant at Market and Bank Streets. Frank demonstrated that the project will help make Market and Bank Streets “a prime destination for living, eating and shopping,” creating an “iconic” Morristown building. Included in the proposal is an $800,000 donation to the Morris Habitat for Humanity to create 10 for-sale affordable units on Martin Luther King Avenue, and setting aside up to 1% of the project cost to support the arts in Town.