A New Jersey-based developer plans to redevelop a major section of Cinnaminson off Route 130 with a Starbucks, Chipotle, retail stores, offices and more, Cinnaminson Township officials announced Thursday.
Kerrim C. Jivani, a Monmouth County-based developer, bought the vacant Triboro auto dealership on Route 130 south near Taylors Lane, from Chrysler Group Realty Company and has already submitted preliminary plans.
Plans call for 50,000 square feet of retail and office space over six new buildings on the 8-acre site. Three of those acres are in Delran.
"It’s a good location and if we can [do it] the right way, we can built up the area and the site," Jivani said Thursday. "Bring more jobs, get more business over there—it's a benefit for everyone."
Triboro, which has been abandoned for about five years, was recently put on the abandoned properties list, giving the township more power in asking property owners to develop their sites.
Over the last several years, Chrysler Group had plenty of letters of intent, but nothing came to fruition, Minniti said.
When Chrysler was notified the property had been placed on the abandoned properties list, the sale to Jivani came on quick.
“I think Chrysler understood there was an urgency now,” Minniti said.
He also added that Jivani expressed an interested in wanting to move quickly with the project.
“He liked the location and the aspect of the property,” Minniti said.
Starbucks, a worldwide chain, was slated to open in Cinnaminson a few years ago where Delanco Federal Savings Bank sits on Route 130 North. Saxbys was also supposed to open in the Shoppes on Route 130 South.
“They fell through,” Minniti said. “Starbucks has saturation throughout the United States, except for Cinnaminson.”
A spokesperson for Starbucks did not return a call for comment by press time.
“The goal here was always to establish vibrant, attractive gateways at the northern and southern parts of town,” Minniti said.
Jivani is scheduled to present development plans to township committee at the Oct. 15 meeting. There, Minniti said he will suggest taking Triboro off the abandoned properties list.
Demolition, clearing and cleanup of Triboro could start in two months, officials said. The developer can obtain township approvals this winter and construction could begin in the spring of 2013.
The plan also calls for the relocation of two existing curb cuts along Route 130.
Efforts to redevelop Route 130 started in the summer of 2002, and Deputy Mayor Anthony Minniti, who also serves as the township’s director of economic development, said the township is “almost there.”
“The corridor has just continued—in this recession—to redevelop and bring in new businesses,” Minniti said. “Hopefully now, we can focus on filling the few places that still remain vacant. You want an attractive gateway when people come into Cinnaminson. Triboro is going to fulfill that need on the Delran end.”
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