24 Hour Local Real Estate News

$400M Glassboro, NJ, Live-Work-Play-Learn Redevelopment Enters Final Phase

Aerial view of Rowan Boulevard development, Glassboro, NJ Aerial view of Rowan Boulevard development, Glassboro, NJ

GLASSBORO, NJ—In what is billed as a transformative, multi-phase redevelopment of its downtown area near Rowan University, Nexus Properties has opened A3, a development that includes luxury student and market-rate apartments, retail and office space, state-of-the-art classrooms and a multi-level parking garage.

A3 is the largest phase of the redevelopment of what has been dubbed Rowan Boulevard, a $400-million “public-public-private” development initiative that officials say is creating an inter-generational town center linking Glassboro with its hometown Rowan University, one of the fastest-growing educational institutions in the nation.

The A3 phase includes:

  • 230 Victoria, a six-story, 195,000-square-foot building, which includes 413 student beds, a 17,700-square-foot fitness center, 30,000 square feet of office and classroom space, and 14,600 square feet of ground-floor retail space
  • 223 West High Street, a four-story, 70,000-square-foot building, which includes 144 student beds and 14,000 square feet of ground-floor retail space
  • Park Place South, a four-story, 70,000-square-foot building, which includes 37 luxury apartments – available to non-students – and 14,400 square feet of ground-floor retail space
  • Mick Drive Parking Garage, a 934-space parking structure located directly adjacent to 230 Victoria, 223 West High Street, and Park Place South

A3 encompasses more than 336,000 square feet across four acres, making it a direct extension of the already-bustling Rowan Boulevard, which anchors Glassboro’s emerging downtown.

“The A3 phase is a centerpiece of what has become one of the most exciting and dynamic downtown settings anywhere in the region,” says Nexus Properties’ COO Dante Germano. “The addition of these new residences, classrooms, and retail helps to solidify Rowan Boulevard’s growing reputation as one of country’s preeminent town-and-gown destinations, serving both students and the broader community.”

A3’s new student and luxury residences are located just steps from Glassboro’s newly opened Town Square, along with Rowan Boulevard’s myriad dining and shopping options, including the Barnes & Noble University Bookstore and the newly opened Chickie & Pete’s restaurant.  The project continues an innovative model in which private developers, led by Nexus Properties, have joined with Rowan University and the Borough of Glassboro to conceive a city-style walkable hub that serves both as a nucleus for the university and a destination for surrounding residents.

Site plan showing the newest phase of the Rowan Boulevard development, Glassboro, NJ Site plan showing the newest phase of the Rowan Boulevard development, Glassboro, NJ

“I stand proudly with my fellow Council members in celebrating the completion of this phase of the Rowan Boulevard redevelopment project.” Says Glassboro Mayor Leo McCabe.  “These walkways provide critical linkages throughout Downtown Glassboro and will help create a safe and attractive connection between the college campus and the businesses located Downtown. This is another important step in the ongoing effort to improve both the student and the consumer experience in Downtown Glassboro.”

Students living on Rowan Boulevard won’t be housed in dormitories with cinderblock walls and no windows. Each new residence offers “suite-style” living, with luxury amenities, including: A state-of-the-art fitness center, free wi-fi, a package concierge, spacious community lounge areas, stainless steel appliances, full size washers and dryers, and 42-inch smart TVs in each room.  Students also have access to indoor parking for cars and bicycles.

The new student residences open during a period of immense growth for Rowan University. As the region’s leading public research university, Rowan’s enrollment has grown by more than 7,000 since 2011 to enroll more than 18,000 students this fall. While distinguished as one of only two institutions in the nation with medical schools granting both MD and DO degrees, and ranked as a Carnegie-classified research university, Rowan remains dedicated to undergraduate higher education, with students’ residence life a critical part of the undergraduate experience.

A3 includes modern classroom space specifically designed for Rowan University’s College of Communication and Creative Arts.

Rowan’s vitality and ability to serve as a leading public university comes from our commitment to serve our region through creative, ambitious, practical partnerships,” says Ali A. Houshmand, president of Rowan University.  “Through the Rowan Boulevard development, Rowan University, Glassboro and Nexus, as well as other private investors and developers, have created a truly unique city-scape that is a national model for town-gown growth—a win for all involved.”

While Rowan Boulevard’s continued realization has undoubtedly been a boon for Rowan University, it has also proven to be a magnet for residents and professionals throughout the region. Retailers at Rowan Boulevard are open year-round, offering an assortment of restaurants, shops, health & beauty services, and more. Additionally, demand has been strong for the development’s non-student luxury apartments, as more than 30 of Park Place South’s 37 apartments have already been leased. In 2015, Nexus Properties opened 220 Rowan Boulevard, a 316,000-square foot mixed-use building which includes retail, medical facilities, student housing, and 57 luxury apartments; each of its non-student apartments are fully occupied.

A3 represents the next-to-last component of the Rowan Boulevard redevelopment project, which is composed of four core phases spanning through 2018.

Once completed, Rowan Boulevard will offer 2,771 student beds, 82,000 square feet of classroom space, 114 market-rate apartments, a 129-room hotel, 28,000 square feet of medical space, a 17,700 square feet fitness center, a 1.75-acre town square and two parking garages totaling over 2,300 parking spaces.

 

Copyright 2017. ALM Media Properties, LLC. All rights reserved.