More than Doubles
Over Past Year in Hamilton
What do you get with a new hotel, continued
construction of office buildings and an expanding biotechnology campus?
In Hamilton, you get a growth in new ratables that is more than double last year’s growth.
As Hamilton officials finalize the community’s “added
assessments”, which is the total value of additional ratables during the past
year, the statistics indicate the continued expansion of Hamilton’s local
This year, the added assessments will total $30,537,650. The number is more than double last year’s added
assessments of $12,017,388. The added
ratable growth (or added value) is generated from new construction or additions
to existing buildings.
booming in Hamilton Township; and these numbers prove it,” says Mayor Kelly Yaede.
Some of the prominent new or expanding businesses that
have led to the growth in new ratables include:
Homewood Suites Hotel
Gabriel Atrium Health
Selective Insurance office building
Patient First Neighborhood Medical Center
Block Plaza (new
tenants and new pad-site for Medical Express Urgent Care)
Studio Park (new
tenants in office building)
Genesis Biotechnology (expansion of campus)
to these new ratables, several revitalization projects that are currently under
construction, as well as plans for exciting new projects, illustrate that the
horizon is bright for continued expansion of our local economy,” explains Mayor Yaede.
Mayor Yaede and Hamilton officials note that future ratables
will come from a number of projects that are currently underway or planned,
Residence Inn by Marriott
Court at Hamilton (revitalization of Suburban Plaza, which will include a Super Walmart
as part of the project)
Hamilton Point Center (revitalization
of former Patterson Chevrolet and former
Hamilton Chrysler sites)
Mercerville Shopping Center (expansion project)
officials anticipate more announcements in the coming weeks from expected applications,
similar to the Township’s recent announcement of an application for a 340,000
square foot warehouse distribution facility that would be occupied by a Fortune
500 company, as well as announcements on new tenants at existing retail centers