At the start of the twentieth century, Peapack & Gladstone provided a lifestyle that many of today’s residents would find hard to imagine – and would probably envy. Around-the-corner amenities such as grocers, barber shop, theater, hardware store, and hotels formed the backbone of everyday social life and well-being. However, the advent of automobiles and modern life introduced the allure of cul-de-sac living and shopping at highway-distance stores. A century later, the struggle for small town business survival continues, further intensified by online competition.
Today, with the support of municipal leadership dedicated to ensuring a more sustainable local economy, Melillo Equities has launched the much-needed revitalization of Lackawanna Avenue. With businesses originally established in the early 1900s by the locally prominent Hill family, this downtown district served the community as a hub of industry and commerce for generations. In recent years, however, the area has faced significant vacancy and deterioration.
The Lackawanna Village redevelopment plan will gradually unfold through a series of phases, integrating the adaptive reuse of preservable structures alongside new construction to achieve the project’s overall vision. Throughout the process, all building design will reflect the finest features of Peapack & Gladstone’s historic architecture.
Ideally situated in the center of town, the dynamic new “pocket neighborhood” will seamlessly blend boutique shops, eateries, and services with pedestrian-friendly housing choices. Residential options will cater to a range of needs, from compact apartments ideal for young professionals to larger layouts tailored for empty nesters looking to downsize. Within easy proximity to NJ Transit rail and bus service, parks, trails, and other in-town destinations, the site itself will introduce new public open spaces, including a scenic river walk alongside Peapack Brook. In addition, through its classic Smart Growth “infill” approach to development, this project also protects the borough’s pristine natural surroundings from further suburban sprawl.
The revitalization of Lackawanna Avenue marks a new chapter in Peapack & Gladstone’s history, bridging its rich past with a promising future. Our project aims to reawaken a once thriving district while fostering renewed economic vitality. As Lackawanna Village comes to life, it will stand as a testament to the resilience and forward-thinking spirit of Peapack & Gladstone.
