Zinc Town Redevelopment Site Franklin, NJ

As exclusive agent Cushman and Wakefield is pleased to offer for sale the Zinc Town Redevelopment Site.

Situated in Franklin Borough, New Jersey, on the site of the former Zinc Mine, this 21.1 acre site represents the unique and rare opportunity to acquire a mixed-use development site located in a redevelopment zone with unappealable zoning. Current ownership is going through the site plan application process and anticipate receiving site plan approval in 4 - 6 months. 

Zinc Town Redevelopment Site sits within the Zinc Mine Redevelopment Plan, which allows for a wide possibility of uses to maximize the residential and mixed-use development potential. Through the Redevelopment Plan, the future developer will be able to secure a PILOT for the site. The goal of this redevelopment plan is to create a vibrant mixed-use, walkable downtown district to attract residents and visitors alike. The redevelopment plan allows for a density of 35 units per acre with a max impervious coverage of 85% of the site with a 15% minimum for affordable rental units and 20% for owner-occupied. In its current stage, ownership has put together a preliminary site plan, which is two-phased mixed-use developments across seven buildings. The site plan has 170 units in phase one and 320 units in phase two for a total of 490 units, with 1,043 parking spaces. Phase two’s unit count also includes 7 two-bed townhomes. The plan also calls for 15,827 SF of retail on Main Street.

Residents are drawn to live in Franklin given its bucolic suburban location complemented by its rich history, boutique shopping destinations and numerous local amenities. Residents and visitors are drawn to local hotspots such as Crystal Springs Golf Course & Resort, Mountain Creek Resort and Minerals Hotel to name a few. Franklin Borough also benefits from vast parks and recreation facilities including over 9,400 acres of open space and 60 miles of hiking and walking trails.

Franklin Borough also offers ease of access for both commuters and residents. The Zinc Town Redevelopment Site is located within seven miles of several local and interstate throughways such as Routes 23, 94, 15 and Route 284. Furthermore, at the base of the site on Main Street, there is a Sussex County Skylands Ride bus stop, which is a public transportation service designed to provide affordable accessibility within Sussex County for its residents.

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