Historic Buildings Will Be Converted to Retail and Residential

BRIDGETON, NJ-This city has filed an application with the New Jersey Historic Preservation Office for a partial demolition of the Val Mode buildings, a former industrial complex. Under the city’s application, significant portions of the site’s historic and architectural elements will be preserved.

The developer, California-based R.H. Tourtelot Co., wants to turn the complex into a mix of commercial and retail space on the ground floor and senior housing on the second and third floors. The company, which has a two-year contract with the city, wants to demolish three of the buildings, but can’t do so without state approval because the complex is located within an historic district. That approval is expected to be granted by early next year.

And because Bridgeton has been designated a Regional Center by the state, the developer is also eligible for tax credits. The overall development timetable is set by the developer’s contract with the city.