$295 Million RU Deal Will Bring New Student Housing and Move Grease Trucks
NJ.com is reporting that the deal will include the redevelopment of a parking lot where the famous grease trucks are located.
The famous Grease Trucks are moving from their longtime spot on College Avenue, following a decision made by the Rutgers University Board of Governors yesterday. According to a report on NJ.com, the $295 million deal will redevelop properties around the center of the College Avenue campus, including the purchase of a part of the New Brunswick Theological Seminary, and the construction of a mixed use building Lot 8, where the trucks are located. As a result of the new development, the trucks may only have a year of time left in their current arrangement on Lot 8, according to the report. While the trucks may be moved off the lot, officials say the new apartment and retail building will have a restaurant in the style of the grease trucks…
