Real Estate Law

(Left to Right)  Riker Danzig Partner Frank Vitolo, Town of Morristown Planning Board Attorney John Inglesino, NJ State Senator Anthony Bucco, Morristown Mayor Tim Dougherty, and SJP President Steve Pozycki

Riker Danzig participated in the groundbreaking of Morristown’s much-anticipated “M Station” project with client SJP Properties, the project’s developer, and state and local dignitaries.  The M Station project was recently named “Office Deal of the Year” at NAIOP’s prestigious Annual Real Estate Awards Gala.

Mayor Dougherty commended the Riker Danzig team for “outstanding work” in helping guide this project through the approval process, and keeping communication channels open with all the necessary parties during a “difficult, difficult” process.  Mayor Dougherty said the office project “elevates {Morristown] to another level.” When completed, the new development will provide nearly 400,000 square feet of offices and retail in two buildings, including a parking deck, promenade and public plazas.  It replaces the current Midtown Shopping Center on Morris Street, and will include a roundabout to resolve a longstanding traffic bottleneck.  Deloitte will be an anchor tenant.

Steven Pozycki, CEO of client SJP Properties, said at the ceremony, “We look forward to delivering a meaningful project at a time when economic development of this caliber and significance is sorely needed in our communities and state to move forward.”

Peter Brosnick, SJP’s New Jersey President, said, “M station is a pillar of what communities require in order to sustain themselves as viable, live, work, play and stay destination.”

The historic groundbreaking for the project, called the most significant commercial development in the last 30 years in Morristown, was covered at ROI-NJ, Real Estate NJ, and MorristownGreen.com.