GLASSBORO–A ribbon cutting ceremony will be held on Friday, August 7th at noon to kick off a two-day Open House for 220 Rowan Boulevard, the new mixed-use retail, medical, and housing structure opening this month on Downtown Glassboro’s Rowan Boulevard.
Senate President Steve Sweeney, Gloucester County Freeholder Director Bob Damminger, Glassboro Mayor Dr. Leo McCabe, and Rowan University President Dr. Ali Houshmand will be among those who will join project developer Nexus Properties for the opening ceremony.
The Borough of Glassboro and Nexus Properties is inviting the community to the opening ceremony as well as the Open House. Building tours will take place on Friday, August 7th and Saturday, August 8th from 1 to 4 p.m. Visitors will get to view a staged luxury, two-bedroom apartment on the sixth-floor, in addition to one of the Rowan University furnished student apartments on a lower floor. Free parking is available in the Rowan Boulevard parking garage.
Located near the campus of Rowan University, 220 Rowan Boulevard is a 316,000 square foot complex developed and built by Nexus Properties. Nexus built the Enterprise Center mixed-use academic and retail building and the new parking garage, both located on Rowan Boulevard. This latest phase in the development of Rowan Boulevard helps link the campus of Rowan to Glassboro’s existing downtown core and includes:
- 57 luxury market rate apartments with private entrance (48 2-bedroom units and nine 1-bedroom units)
- 119 student apartments (109 4-bedroom units and ten 2-bedroom units)
- Parking for 179 vehicles
- 20,000 square feet of retail (targeting full-service restaurants)
- 27,000 square feet of medical (urgent, primary, specialty and orthopedics in joint agreement with Inspira & Cooper)
“Rowan Boulevard brings young professionals, graduate students, and residents downtown all hours of the day, every day of the week, boosting economic activity for downtown merchants,” said Councilman John Wallace.
220 Rowan Boulevard has been approved for $22 million in tax incentives over ten years through the NJ Economic Development Authority’s Grow New Jersey program. The award is part of the Economic Opportunity Act of 2013, which provides development and job creation incentives in South Jersey. This project created 400 construction jobs and will net 100 new, permanent jobs.
“Medical services bring good jobs and build density to serve our businesses and restaurants,” said Glassboro Mayor Dr. Leo McCabe of the new building.
The $350 million municipal redevelopment project is a public-private partnership among Glassboro, Rowan University, and private developers.
“All structures on the Boulevard are privately owned and, therefore, generate property tax ratables. Rowan Boulevard is expected to attract 60 new retail stores, including a dozen restaurants, boosting the local economy by more than $48 million annually,” said Councilwoman Anna Miller.