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The community, called Vistas at Great Falls, is a significant step in the renewal of this section of Paterson, the mayor in a press release.
"Major investments such as this one are important to Paterson's neighborhood revitalization plan," said Torres. "The construction of affordable and market-rate homes is ideal, not just because it's a significant part of our Great Falls Historical District, but because it spurs movement and a greater economic climate for the neighborhood and the city."
Guests, including city and county officials, crowded under a tent in the rain to kick off the new community, being built by Greentree Development Group, an experienced builder from Lakewood, N.J.
Division President David Gunia said new homes, tot lots, basketball courts and other amenities will rise on a parcel that has stood vacant for eight years. Gunia said his company was pleased to be part of Paterson's growth, adding that the company had searched for just the right place to get involved with the city's renovation.
"This is the kind of project Greentree specializes in," said Gunia. "We've looked closely at this space and the plans for Paterson's future, and we believe this community will be one that will make Paterson proud."
He said the gated community and amenities were similar to what people could find in the suburbs. Torres added that Greentree's proposal was one of several, and was the best match to the city's needs.
Expected to open this summer, Vistas at Great Falls will offer 156 one-, two- and three-bedroom market-rate homes that will include luxury touches that will make them desirable. Those living here will have a clubhouse that will include "flex-space" and a fitness center.
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