A PROJECT RECLAIMS AN ABANDONED STRETCH OF NEW JERSEY COAST

By JON HURDLE MARCH 8, 2016

SAYREVILLE, N.J. — A bleak expanse of coastal New Jersey, polluted by paint pigments and abandoned for decades, is undergoing a makeover that will bring a major development of housing, retail space and office space a halfhour’s drive from Lower Manhattan.

In coming weeks, the O’Neill Properties Group will officially break ground on the 5.8 million-square-foot project, The Pointe. The 418-acre site, south of Staten Island, is at the heart of a highway network that already carries some 400,000 vehicles a day directly past the site, and on summer weekends, hundreds of thousands more.

The groundbreaking will make way for the anchor retail tenant, Bass Pro Shops, to build a 200,000-square-foot store. The store is expected to open in June 2017 as the first stage of a planned 2.4 million square feet of retail space.

The developer has also agreed with Regal Cinemas to build a 55,000-square-foot movie theater complex, and is in talks with about 20 other potential retail tenants.

Continue Reading >>