PARSIPPANY — Federal Realty Investment Trust, owners of Troy Hills Shopping Center, will appear before the Parsippany-Troy Hills Planning Board on Monday, July 10, concerning its application for preliminary and final site plan and related “C” variance approval. The public hearing will be heard regarding the property located at 1123 Route 46, designated as Block 729, Lot 7 on the official tax map of the Township of Parsippany-Troy Hills.
The Property is located in the B-1 Business District. The property located on the corner of Route 46 and South Beverwyck Road has approximately 19 acres and contains a total of 211,000 square feet of retail, food establishments and banks.
Federal Realty proposes to lease approximately 65,000 square feet of the Shopping Center formerly occupied by Pathmark to a new tenant. The tenant was not named in the application.
The prospective tenant plans to renovate the existing façade of the building by removing an existing 3,168 square foot canopy and by constructing a new 514 square foot building addition and 493 square foot canopy.
The renovation will result in a net reduction in building coverage of approximately 2,165 square feet.
The proposed tenant also proposes a major renovation of the interior of the store, which consists of approximately 65,106 square feet.
The renovated interior space will include approximately 7,845 square feet of grocery space.
Because the proposed renovation of the interior space includes grocery space, the required number of on site parking spaces will be decreased from 1,371 to 1,275.
Federal Realty previously obtained a variance to permit the Shopping Center to be served by only 1,040 parking spaces.
They are not proposing any changes to the existing parking lot. Federal Realty will seek such variances, exceptions and/or design waivers that may be required upon an analysis of the plans and the testimony at the public hearing.
By resolution adopted on July 16, 2014, Federal Realty previously received variances from the Parsippany-Troy Hills Zoning Board of Adjustment to permit the buildings on the Property to exceed the allowable 20% building coverage limitation and to permit the Shopping Center to operate with fewer parking spaces than required by ordinance. The Applicant now seeks a variance from the 20% building coverage requirement to allow 26% building coverage, where 26.3% building coverage was previously approved.
Current tenants located in the Troy Hills Shopping Centerinclude Michaels, Dollar Tree, Smashburger, Sport Clips, Subway, Petco Supplies & Fish, Sprint, Sally Beauty Supply, Massage Envy Spa, Cups Frozen Yogurt, Pro Hair Cutters, Convenience Liquors, Chipotle Mexican Grill, L.A. Fitness, Applebee’s Neighborhood Grill, McDonald’s, Wells Fargo Bank and Panera Bread.
To view a complete site plan of the shopping center click here.
In addition to the former Pathmark space, there are two other vacancies in the center. One vacancy measures 1,538 square feet and the second measures 2,018 square feet.
Pathmark closed in November 2015, after The Great Atlantic & Pacific Tea Company, parent company for A&P and Pathmark, announced on Monday, July 20, 2015 that it has filed for bankruptcy.
On Wednesday, July 5, Waterview Marketplace broke ground to contract a new shopping center on Waterview Boulevard just off Route 46. The center will be anchored by a new Whole Foods Market that will occupy 48,000 square feet of the 150,150-square-foot center set to open in 2018. This Whole Foods Market store is set to become the third location in Morris County, and will feature indoor and outdoor dining space for customers.
