- No, It’s Not The IRS CallingPosted 2 days ago
- Planning Board Approves VHS Field RenovationPosted 1 week ago
- Verona Teen Arrested In Gas Station BurglaryPosted 2 weeks ago
- Planning Board Hears Field Plan As Costs RisePosted 3 weeks ago
- MyVeronaNJ.com’s Top Stories For 2015Posted 1 month ago
- Top Stories For December 2015Posted 1 month ago
- Promotions For Verona Police OfficersPosted 1 month ago
- Pair Charged With Verona BurglariesPosted 1 month ago
- Top Stories For November 2015Posted 2 months ago
- VHS Alumnus Krupp Hails Climate Change AccordPosted 2 months ago
Former Verona Inn Site For Sale
There’s going to be even more real estate change coming to the eastern side of Verona: The former site of the Verona Inn has been put up for sale.
The property is actually two lots–one commercial and one residential–that form something of a crescent running from Bloomfield Avenue behind the Annin Flag building to Douglas Place. The front lot, 141 Bloomfield Avenue (marked 18 in yellow on the map below), is zoned Extended Town Center, while the back, which is technically 33 Douglas Place (52 on the map), is zoned for single-family homes. Totaling 1.8 acres, they were listed in late April for $2.2 million.
Jonathan D. Stravitz, the senior director of Manhattan-based Concordis Real Estate Advisors and listing broker, says that there has been substantial interest in the site. “It’s not every day that something becomes available on Bloomfield Avenue,” he said. The lots have 100 feet of frontage on the avenue. The old Verona Inn operated on the site from 1947 to 2009; a new restaurant by that name opened in the center of Verona in March 2012.
The listing comes as several other pieces of property in the area are undergoing change: The former Annin Flag factory is going to be redeveloped as loft apartments, while the owner of 176 and 200 Bloomfield Avenue across the street is seeking approval for a mixed-use development there despite substantial opposition.
In addition, the Town Council has asked for a study to see if Annin Flag and the adjoining south-side properties should be declared an area in need of redevelopment. That could open the way for new developments to operate under a payment-in-lieu of taxes (PILOT) arrangement like the Hilltop apartments, rather than pay traditional property taxes. In a PILOT, the Board of Education gets no money, as 95% of the funds go to town coffers. While Town Manager Joe Martin has said that a PILOT structure would not be an issue at the Annin lofts since its one- and two-bedroom residences are likely to not appeal to families with school-age children, that might not be the case for houses built on the VI site. You can get more information on that site here.
Get News Updates By Email
VHS Tops State High School Graduation Rates
Verona High School was the only town-specific public high...
- Posted 20 hours ago
Pack 32 Pinewood Derby Proves Popular
On January 29th, the annual Verona Pack 32 Pinewood...
- Posted 1 day ago
No, It’s Not The IRS Calling
We are heading into tax season in Verona, but...
- Posted 2 days ago
Where In Verona Is It? Week 52
This is it folks: The last week of MyVeronaNJ.com’s...
- Posted 5 years ago
Where In Verona Is It? Week 22
Naughty? Nice? We’re not going to be judgmental. We’re...
- Posted 5 years ago
PSEG: Here’s Verona Outage Map
With the millions of homes without power around New...
- Posted 3 years ago