BRIDGEWATER, NJ - The Bridgewater Commons Mall aims to continue to redevelop its property in the future – but wants more time to consider it.
The township’s governing body ratified a resolution at its Sept. 7 meeting to authorize the execution of a third amendment to the consolidated Phase I property redevelopment agreement for the nearly 30-year-old enclosed mall.
Prior to passage of the resolution by a 5-0 vote, township attorney William Savo said that another 3,500 square feet of land for the mall is available for redevelopment.
“They’re asking for a five-year extension,” he said of the resolution regarding how it will deal with the open square footage.
The upscale three-level regional shopping complex, which opened in 1988, is situated just off Routes 22, 202 and 206, plus Interstate 287. The mall’s anchors include Bloomingdale’s, Lord & Taylor and Macy’s, to go with more than 170 retail stores.
The mall also boasts a food court and a seven-screen movie theater while a third stand-alone restaurant opened at the mall earlier this year.
According to the International Council of Shopping Centers at icsc.org, Bridgewater Commons boasts a gross leasable area (GLA) of 900,000 square feet. The property is also surrounded by office buildings, and is not far from Bridgewater’s municipal complex, which, like the mall, is also located on Commons Way.
Savo said there have been a lot of new ventures concerning the mall, and that he and Bridgewater Mayor Dan Hayes have met recently with the mall’s attorney, Kevin Coakley.
“We think it’s a reasonable request,” said Savo, about the extension of the agreement to determine what to do with the remaining square footage.
Save added that the resolution is simply about the extension, and that the mall could conceivably come back before the council with other issues it might have or options for building in the future.