Madison, New Jersey - Business

Business

Madison's downtown is supported by the Madison Downtown Development Commission and a downtown manager. Many historical buildings remain in the community. The Madison Civic Commercial Historic District, which includes much of "downtown" as well as the borough hall and the train station, is listed on the State Register of Historic Places. The borough hall and the train station were donated to the community by Geraldine R. Dodge and Marcellus Hartley Dodge, Sr. as a memorial to their son who died in an automobile crash shortly after his graduation from Princeton University. Vacant commercial space is a rarity. In recent years Madison has become noted for the number and quality of its restaurants.

Giralda Farms, a planned office development, occupies 175 acres (0.71 km2) of the former Geraldine R. Dodge estate in Madison (she and her husband had separate estates). Five of a possible seven projects have been completed. These include the corporate headquarters of the Atlantic Mutual Insurance Company, Maersk Lines, Quest Diagnostics, Wyeth and the offices of Schering-Plough. Development regulations for the former estate require that 85% of the land be maintained as open space with almost all vehicle parking being required to be built underground.

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