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Nexus Properties, Rowan University open largest phase of Rowan Boulevard development

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Officials from state and local government, as well as the developer, gather to cut the ribbon for the A3 phase of the Rowan Boulevard redevelopment.
Officials from state and local government, as well as the developer, gather to cut the ribbon for the A3 phase of the Rowan Boulevard redevelopment. - ()

Glassboro Mayor Leo McCabe was joined Wednesday by state Senate President Steve Sweeney (D-West Deptford), Rowan University President Ali Houshmand and Nexus Properties Chief Operating Officer Dante Germano in the opening of the second-to-last phase of the Rowan Boulevard redevelopment in downtown Glassboro.

“I stand proudly with my fellow council members in celebrating the completion of this phase of the Rowan Boulevard redevelopment project,” McCabe said. “These walkways provide critical linkages throughout downtown Glassboro and will help create a safe and attractive connection between the college campus and the businesses located downtown. This is another important step in the ongoing effort to improve both the student and the consumer experience in downtown Glassboro.”

The $110 million phase, known as A3, added a total of 557 beds to Rowan Boulevard, a 17,7000-square-foot fitness center for the university, 43,000 square feet of retail space, a 934-unit parking structure, and 37 luxury apartments spread across four buildings. The A3 development also added an additional 30,000 square feet of classroom space to be used by the university’s College of Communications and Creative Arts.

“This piece connects us to the downtown; that’s what the vision really was,” Germano said. “It’s bringing the university and the town together and then cohabitating with them in the downtown. It’s that quintessential college-downtown. This project, or 25 percent of the whole project (Rowan Boulevard) kind of brings it all together.”

Nexus Properties was awarded a 30-year PILOT incentive by Glassboro, and received a $30 million residential ERG tax credit from the New Jersey Economic Development Authority.

“Rowan’s vitality and ability to serve as a leading public university comes from our commitment to serve our region through creative, ambitious, practical partnerships,” Houshmand said. “Through the Rowan Boulevard development, Rowan University, Glassboro and Nexus, as well as other private investors and developers, have created a truly unique cityscape that is a national model for town-growth — a win for all involved.”

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Mario Marroquin

Mario Marroquin

Mario Marroquin covers real estate. A native of El Salvador, Mario is bilingual in English and Spanish. He graduated from Penn State University and worked in Pennsylvania before moving to New Jersey. His email is mariom@njbiz.com.

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