Historic Van Sciver Building Will Become a State-of-the-Art Mixed-Use Building with Underground Parking, a Public Plaza, and Premier Residential Amenities
Development Will Create 120 Residential Rental Units and Over 7,500 Square Feet of Retail Space
60% of Units Will Be Market-Rate and 40% of Units Will Be Affordable to Households Making 60% or Less of the Area Median Income
TRENTON – Governor Phil Murphy, Lieutenant Governor Sheila Oliver, State Treasurer Liz Muoio, Mercer County Executive Brian Hughes, Trenton Mayor Reed Gusciora, New Jersey Housing and Mortgage Finance Agency (NJHMFA) Executive Director Melanie R. Walter, RPM Development representatives, and state and local officials today celebrated the groundbreaking for historic 150-170 South Broad Street and the historic Van Sciver Building in Trenton.
“This is an exciting day for the City of Trenton, Mercer County, and the State of New Jersey,” said Governor Murphy. “The redevelopment of this historically significant site, with new housing units and retail space, marks a new chapter in Trenton’s revitalization.”
“This project goes beyond redevelopment. It is community building,” said Lt. Governor Sheila Oliver, who serves as Commissioner of the New Jersey Department of Community Affairs (DCA) and NJHMFA board chair. “It preserves and honors the history of the site while utilizing a vacant space to create new mixed-use and mixed-income housing and business opportunities.”