Arts & Culture Business

Daibes Project on Springfield Ave Signs Leases for Three Commercial Tenants

The Daibes project at 1609 Springfield Avenue is finally getting some ground floor tenants.

According to sources at the Springfield Avenue Partnership, three tenants have signed. They are:

No opening dates have been announced yet.

Paint & Chill has a snazzy website for its Hillside location: www.paintandchill.com. Dubbing itself “A Piece of NYC in Hillside,” Paint & Chill suggests customers, “Set your inner Picasso free. Join us for a social painting event with your friends. We offer classes in English, Spanish & Portuguese.”

The Daibes building welcomed its first residential tenant back in February when it was announced that five of the six apartments in the building (all on the second floor of the two-story building) had been rented including the one affordable unit, according to the building’s residential broker.

Previously, the project had been plagued by delays. The Township severed its contract with Daibes in the fall of 2015 after multiple missed deadlines. Daibes was then reinstated as developer in February 2016 after putting $100,000 in escrow to be paid to the town if Daibes missed a deadline to enclose the building by Feb. 15, 2016 (the deadline was met). Daibes then paid for bi-weekly inspections of the building related to interior construction thereafter (at that time, interior completion was slated for May 2016).

There is no tax abatement or PILOT (payment in lieu of taxes) on the project. Daibes pays full taxes on the land and improvements.

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