Paramount Assets reaches key milestone for transit-oriented complex revitalizing Plainfield (SLIDESHOW)

Netherwood Flats mixed-use redevelopment marks halfway mark in construction

Newark-based Paramount Assets just reached the halfway milestone in its completion of construction of the Netherwood Flats mixed-use complex in Plainfield.

Located at 829 South Ave., the four-story, transit-oriented complex will comprise 70 luxury apartments, 4,000 square feet of ground-floor retail space and a 70-plus-space lower parking deck. It is one-quarter mile from Plainfield’s Netherwood New Jersey Transit train station and will offer its residents convenient access to the Raritan Valley commuter rail line.

In reaching the halfway point in the redevelopment of the former used car dealership, Paramount notes the foundation, parking deck and framing are fully completed, and the exterior façade work is underway. The interior buildout is moving forward with plumbing, electrical and mechanical, and the developer is preparing to start interior finishes in a few months.

“Netherwood Flats is the spark that is leading the resurgence of Plainfield,” said Rich Dunn, Paramount’s senior vice president. “This redevelopment project is transforming the site of a former car dealership into what will be a lively residential community with oversized apartments and new retail businesses. It will completely transform the neighborhood into a mixed-use destination and bring more residents into Plainfield.”

The community will include several on-site amenities to enhance residents’ lifestyles. It will include a landscaped, elevated courtyard; a 1,500-square-foot fitness center; and a residents’ lounge. The property will have large one- and two-bedroom units, with high-end finishes and appliances.

Paramount held a groundbreaking ceremony for Netherwood Flats in November 2019 with Plainfield Mayor Adrian O. Mapp, city council members, and other city officials. Shortly after, the development firm began demolition and site clearing. Netherwood Flats’ construction is expected to be completed in late fall 2022.