In the next few weeks, O’Neill Properties Group is expected to break ground on the 5.8-million-square-foot mixed-use mega-development planned on 418 acres along the Raritan River in Sayreville, New Jersey. The New York Times reports the project, dubbed the Pointe, will include 2,000 residential units, up to 1,000 hotel rooms, 750,000 square feet of office space, and 2.4 million square feet of commercial-retail space. Also approved is 226,000 square feet of Times Square-style digital signage across seven billboards.
The plan is to have it all built by 2026, although the construction will be done in phases beginning with 711,000 square feet of retail space. The first phase is expected to be ready by June of 2017, and will include a 200,000-square-foot Bass Pro Shops, a 55,000-square-foot Regal Cinemas, and many other yet-to-be-determined retailers. Also by 2017, the New Jersey Department of Transportation will build on and off ramps to the Garden State Parkway, U.S. 9, and Route 35. Since 2014, the developer has been remediating the former brownfield site. Prudential Real Estate Investors is partnered in the project and Lessard Design is the architect.
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