Redevelopment

$2.5 billion mixed-use project approved for Raritan River waterfront

505791a18e8e5b23c083_Riverton_-_New_Jersey__preview.jpeg
Rendering of the Riverton Credits: North American Properties
2bbb4ecfe32a45312515_DavidWeinert_preview.jpeg
David Weinert, a leasing executive at North American Properties. Credits: North American Properties
505791a18e8e5b23c083_Riverton_-_New_Jersey__preview.jpeg

SAYREVILLE, NJ -North American Properties (NAP), a privately-held, multi-regional real estate operating and development company with properties across the United States, recently announced “Riverton,” a 418-acre, shovel-ready waterfront redevelopment on the Raritan River, in a joint venture with New Jersey-based PGIM Real Estate.

In what is considered the largest mixed-use project in New Jersey history, and one of the most comprehensive, aggressive plans in the United States, NAP is poised to deliver a $2.5 billion community that combines residential, retail, entertainment, marina, office and hotel in a carefully curated street level experience, highly-programmed gathering spaces and resort-inspired hospitality.

Passive recreation and open space will complement the built environment, along with an array of public and civic uses focused on more than a mile of riverfront located within twenty miles of Lower Manhattan.

Sign Up for E-News

About 600,000 vehicles traverse the Driscoll Bridge, at Exit 125 of the Garden State Parkway, each day, and considerably more in the summer months. The newly opened exit supplements exceptional access already afforded by interchanges on Route 9 and Route 35, rivaling virtually any site in the United States for unimpeded access to America’s most coveted marketplace, the New York metropolitan area.

This project will serve as a national example of next-generation, mixed-use development, placing “heart share over market share” in creating New Jersey’s next hometown.  In the development of plans for the community, the NAP team visited many of the region’s legendary hometowns, including Montclair, Summit, Spring Lake, Princeton, Westfield, Red Bank, Asbury Park and Hoboken, seeking to identify the essence of each. 

NAP will introduce the next generation of commercial real estate to the site, one of the largest brownfield remediations in New Jersey history and widely considered the largest developable tract along a major transportation corridor in the United States.

The result will be a vibrant community that will generate tens of thousands of jobs, millions of dollars in ongoing tax revenue and a magnetic attraction for the 20 million people who live in the New York metropolitan region, and for the millions of others who visit each year.

“We create great, walkable places that connect people to each other; cities to their souls; partners to opportunities; and individuals to experiences that move them,” explained Mark Toro, managing partner, North American Properties in Atlanta. “We are bringing together a world-leading visionary team to create New Jersey’s next great hometown, advancing the community-building skillsets we developed at Avalon.”

Key public approvals for this site were initially obtained in 2014, however, NAP has thoroughly updated the redevelopment plan.  As such, they are in the process of securing the necessary state and local approvals required to implement the new Riverton project.

The project has received strong support from State leaders, as well as the leadership of Middlesex County and the Borough of Sayreville.  A critical component of the project financing will be the continuing support from the New Jersey Economic Development Authority (NJEDA) through the Economic Redevelopment & Growth Program (ERG), which EDA approved in 2014 and will be asked to reaffirm for the updated vision.

 

TAP Into Another Town's News:

You May Also Be Interested In

Sign Up for E-News

New Brunswick

The Jaffe Briefing - May 23, 2018




The Jaffe Briefing will not publish from Thursday through Monday. A great Memorial Day to all!


OUR TAKE ON THE NEWS IN NEW JERSEY

SEASIDE HEIGHTS - Sex can be an almost-religious experience, but it seems a bit excessive to copulate under a statue of the Virgin Mary in a Catholic church's outdoor prayer garden. Yet, that's where ...

The Jaffe Briefing - May 22, 2018




The Jaffe Briefing will not publish from Thursday through Monday. A great Memorial Day to all!


MANVILLE - If marijuana becomes legal in New Jersey, here's another town where you won't be able to buy it: Manville. The mayor and council unanimously voted to prohibit any sale of weed - recreational and medicinal - within Manville's borders. The ...

The Jaffe Briefing - May 21, 2018




The Jaffe Briefing will not publish from Thursday through Monday. A great Memorial Day to all!


STATEWIDE - Should public school students be allowed to attend schools in other towns? That's the big, controversial question in a lawsuit filed against the state that looks to end what some consider to be the worst school segregation in the nation. The ...

The Jaffe Briefing - May 18, 2018

OUR TAKE ON THE NEWS IN NEW JERSEY

IN COURT - Sounds like a cheesy thing to do, but the NJ Turnpike Authority has gone to court for years trying to stop a pizzeria chain whose logo is suspiciously similar to our beloved Garden State Parkway sign. Sure, nobody wants drivers searching for an on-ramp to end ...

The Jaffe Briefing - May 17, 2018

OUR TAKE ON THE NEWS IN NEW JERSEY

MOUNTAINSIDE - Oh, where to begin describing this 46-page lawsuit against two Mountainside cops? A detective sergeant placing his testicles on co-workers' food. And throwing poop-smeared toilet tissue at them. And defecating in someone's boots. And taunting with a dildo dubbed "Big Blue" he liked to wave in cops' faces, as he chased ...

The Jaffe Briefing - May 16, 2018

OUR TAKE ON THE NEWS IN NEW JERSEY

ATLANTIC CITY - Happy days are here again, as the state's once gasping gaming resort is expecting sports betting will rake in $150 million to $175 million a year in new, glorious profits - courtesy of your pals on the U.S. Supreme Court. Moreover, ecstatic Stockton University officials believe, this recharged gambling mecca will bring in a whole new ...

Rutgers Athletics Signs Dyehard Fan Supply to New Multi-Year Agreement

May 21, 2018

NEW BRUNSWICK, NJ -  Rutgers Athletics has selected Dyehard Fan Supply, an event and retail merchandise marketing and e-commerce company, as the official merchandising partner for the Scarlet Knights in a new multi-year agreement.Dyehard will handle game day and event merchandising for Rutgers Athletics.

“We’re excited to expand gameday merchandising options and elevate ...

Newark man given 22-year sentence for kidnapping, sexual asault of Rutgers student

NEW BRUNSWICK, NJ - A Newark man was sentenced Friday to 22 years in prison for the 2016 kidnapping and sexual assault of a Rutgers University student on the school campus in New Brunswick.

Michael Knight, 40, of Newark must serve at least 85 percent of his sentence before he is eligible for parole, Middlesex County Prosecutor Andrew Carey said in a statement today.

Superior Court Judge ...

Rutgers center battles noise pollution nationwide

NEW BRUNSWICK, NJ  - Eric Zwerling got a call this week from a man was living next to a fitness center, complaining he repeatedly heard the loud thud heavy free weights and medicine balls hit the floor.

The man was recovering from having a pace maker in his chest and wondering of the impact of the noise from the gym.

“I’ve received thousands of calls,” said Zwerling, ...

Police Investigate Rabbit "Tale"

May 11, 2018

SOUTH PLAINFIELD, NJ – Local cops are investigating an incident of ‘theft by deception’ involving the Plainfield Animal Hospital. 

According to the incident report filed by Officer Justin Melanson and obtained by TAPinto, residents of South Plainfield took their pet rabbit to the Park Avenue animal hospital on April 4 to be euthanized due to advanced ...

OPINION

Here's How to Help Protect Young Athletes from Injury: Let Them Play Multiple Sports

May 1, 2018

Dear TAPInto New Brunswick:

One of the responsibilities that parents take most seriously is protecting their children from injury, whether it is buckling seat belts in a car or wearing a helmet while riding a bike. And when their kids become teenagers and want to participate in sports or other activities, parents do everything they can to keep their sons and daughters from getting ...

Department of Human Services Awards Teens for Creativity in Celebrating Their Family Tree

May 24, 2018

(TRENTON) - The New Jersey Department of Human Services on Wednesday honored 12 New Jersey high school and middle school students for their winning entries in the 2018 New Jersey Teen Media Contest, which celebrated the students’ artistic and written word portrayal of how their family tree may look.

The contest hosted by the department’s Division of Family Development focused on ...