With the start of the twentieth century Peapack & Gladstone’s Main Street offered a lifestyle which, for many of today’s residents, would be hard to imagine. Around-the-corner amenities including grocery store, barber shop, theater, hardware store and hotels served as the backbone of everyday social life and well-being. However, with the advent of automobiles and modern life came the allure of cul-de-sac living and highway-distance shopping. A century later the struggle for small-town business survival continues, further intensified by online competition.
Today, with the support of municipal leaders dedicated to ensuring a more sustainable local economy, Melillo Equities is set to commence the much-needed revitalization of Lackawanna Avenue. Originally established in the early 1920s by the locally prominent Hill family, this downtown district had been a hub for industry and commerce for generations. However, in recent years, the area has suffered from significant vacancy and deterioration.
Our redevelopment plan is based on both adaptive reuse of existing structures and new construction. To be introduced in phases over time, the dynamic “pocket neighborhood” will seamlessly blend new locally-owned boutique retail, services and eateries with in-town, pedestrian-friendly residential options. Residences will range from space-efficient apartments suitable for young professionals to more spacious layouts catering to downsizing empty nesters.
In all cases, building design will reflect the best characteristics of Peapack & Gladstone’s historic architecture.
Lackawanna Village is ideally situated in walkable proximity to NJ Transit rail and bus service, parks, trails, and other in-town destinations. The project will also feature new public, landscaped open spaces as well as a showcase “River Walk” along Peapack Brook connecting Liberty Park with the Lackawanna neighborhood promenade.