At the Lakewood Township Committee meeting held virtually last Thursday, Mayor Ray Coles addressed an emailed question from a resident regarding two lots being added to the Cedarbridge Corporate Park.
The resident asked why those lots, which are not on the same side of Pine Street as the remainder of the Cedarbridge Corporate Park, are being added and what benefit it provides to Lakewood residents.
“The whole theory behind Cedarbridge is that the type of building that is put up there is a higher-value building called Class A office space, which attracts a different type of clientele,” Mayor Coles responded.
The mayor said that the original concept of the Cedarbridge Development Park included the two lots now being re-added but was taken out because of residential development that was included in the Cedarbridge project.
Coles added that the township hopes to see “quite a few jobs” being created due to the addition of the properties to the Cedarbridge plan, saying that “our children and grandchildren” will benefit from the increased tax dollars generated by the Class A office spaces.
Mayor Coles’ comments can be watched here; comments begin at minute mark 20:30.
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