Utilizing its public-private partnership
expertise, Devco achieved multiple development goals in constructing
the first privately developed courthouse in the State of New Jersey.
Building upon the redevelopment success of Civic Square I and Civic
Square II, Devco partnered again with Keating Development Company
to build the new Family Courthouse. The opening of the Courthouse
signaled the completion of a true government district for the City
of New Brunswick. Resources were leveraged to amplify the overall
economic impact of this redevelopment project and to ensure that
a number of development goals were met. In addition to the state-of-the-art
courthouse, the mixed-use facility includes street level retail
space to service the immediate neighborhood, visitors, attorneys,
and staff at the new courthouse, as well as office space to house
the New Brunswick campus of Middlesex County College.
completed:
June 2000
location: New Street, bounded by Joyce
Kilmer Avenue,
Welton and Drift Streets
size: 95,000 sq ft Middlesex County
Family Courthouse,
13,000 sq ft retail/office space, and 450-space parking garage
occupancy: Middlesex County Family
Courts, New Brunswick
Parking Authority, Middlesex County College, street-level retail
tenants
developer: Devco and Keating Development
Company
architect: Ford Farewell Mills and
Gatsch, Architects
construction manager: Keating Building
Corporation
investment: $30 million
financing: self-issuing certificates
of participation
underwritten by Commerce Capital Markets