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Tower hits new height

23-story Spring Street Plaza to open by year's end

Published in the Home News Tribune 04/13/05
JODY SOMERS/Staff photographer
Spring Street Plaza will reach 20 stories by the end of the week, surpassing other New Brunswick landmarks in height.

NEW BRUNSWICK — The luxury housing and office tower under construction at the corner of Paterson and Spring streets grows with each passing week.

By the end of this week, Spring Street Plaza will have reached 20 stories, surpassing both Johnson & Johnson's world headquarters and Skyline Tower.

The project's impact to the city's skyline is already apparent, even before it reaches its final height of 257 feet.

But the project's developers, Boraie Development, downplay the height of the 23-story building designed by Costas Kondylis and Partners of Manhattan.

"We're not fixated on the height," said Wasseem Boraie, the company's vice president. "We're fixated on the fact that it's going to be a great building."

Besides, Boraie said, the title of tallest building is a fleeting honor, and one that can always be nabbed by the next developer.

"Someone might come along next year and build a taller tower," Boraie said, perhaps alluding to plans to construct the Gateway building, a 330-foot tower proposed for the corner of Easton Avenue and Somerset Street.

Construction on the $50 million Spring Street Plaza is expected to finish this fall, and the building will open by the end of the year, Boraie said.

The building will house ground-floor retail and three levels — 35,000 square feet — of commercial space. The building's top 19 stories will be devoted to 121 one-, two- and three-bedroom condominiums.

Developers have said the building's condos are expected to fetch between $250,000 and $500,000.

Boraie declined to name any commercial tenants or to say whether any of the building's condominiums had been spoken for.

"We've gotten a lot of calls, but right now we're focused on construction," said Boraie.

Residents of 1 Spring St. will have use of a health club, an indoor swimming pool and a 422-spot parking deck. A terrace will rest atop the seven-story parking deck facing Church Street and feature a dog run, playground and gardens.

The terrace will function as a private park for the building's residents, Boraie said.

"It's a place where you can come home and just relax," Boraie said. "You don't have to go out to a park. You'll have your own park."

Despite the construction of an estimated 600 market-rate units in the city over the past several years, Boraie said the demand for luxury housing remains strong and that the building and the city would draw willing buyers.

"People will gravitate toward a great building — and a great city," Boraie said.

Kathleen G. Sutcliffe:

(732) 565-7263;

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