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| Tarragon and Lincoln Equities present plans to the Borough of Rutherford's Visioning Committee New York City-based Tarragon Corporation and Lincoln Equities Group of Rutherford, NJ presented a preliminary plan to the Borough's Visioning Committee regarding the redevelopment of a former industrial site in Rutherford, NJ. The Tarragon/Lincoln plan includes expanding the designated Highland Cross Redevelopment Area (HCRA) to encompass 26 additional acres. The venture currently owns a 26-acre parcel, which has already been remediated by the Lincoln Equities Group, and has been approved for one million square feet of new office space, a 216-room hotel, and surface and garage parking to accommodate 4, 000 cars. Lincoln has been marketing the office and hotel concept for several years but a depressed commercial real estate market has resulted in very little interest. write your comments about the article :: © 2006 Construction News :: home page |