{"id":1004197372,"date":"2017-11-15T04:23:05","date_gmt":"2017-11-15T12:23:05","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004197372"},"modified":"2022-12-08T23:39:07","modified_gmt":"2022-12-09T07:39:07","slug":"jv-unveils-2-5b-nj-mixed-use-waterfront-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jv-unveils-2-5b-nj-mixed-use-waterfront-project\/","title":{"rendered":"JV Unveils $2.5B NJ Mixed-Use Waterfront Project"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004197374\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Riverton.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004197374\" data-attachment-id=\"1004197374\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/jv-unveils-2-5b-nj-mixed-use-waterfront-project\/riverton\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Riverton.jpg\" data-orig-size=\"400,310\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Riverton rendering\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Riverton rendering &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Riverton.jpg?w=400\" class=\"wp-image-1004197374 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Riverton.jpg\" alt=\"Riverton rendering \" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Riverton.jpg 400w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Riverton.jpg?resize=300,233 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004197374\" class=\"wp-caption-text\">Riverton rendering<\/p><\/div>\n<p>North American Properties, in partnership with PGIM Real Estate, has unveiled Riverton, a 418-acre, shovel-ready waterfront redevelopment on the Raritan River in Sayreville, N.J.\u00a0<\/p>\n<p>Considered the largest mixed-use project in New Jersey history, the $2.5 billion community will encompass retail, marina, hotel, residential, entertainment and office space.\u00a0Passive 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 20 miles of Lower Manhattan.<\/p>\n<p>Public approvals for this site were initially obtained in 2014. However, NAP thoroughly updated the redevelopment plan and is now in the process of securing the necessary state and local approvals required to implement the new project.\u00a0A critical component of Riverton financing will be the continuing support from the New Jersey Economic Development Authority through the Economic Redevelopment &amp; Growth Program, which EDA approved in 2014 and will be asked to reaffirm for the updated vision.<\/p>\n<p>In October, NAP\u00a0broke ground on\u00a0a <a href=\"https:\/\/www.commercialsearch.com\/news\/nap-breaks-ground-on-midtown-redevelopment\/\">mixed-use redevelopment in\u00a0Atlanta<\/a>, dubbed Colony Square.\u00a0The company plans to transform\u00a0the property with a three-phase process that will end in November 2019.<\/p>\n<p><em>Rendering\u00a0courtesy of Wakefield Beasley &amp; Associates\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>North American Properties and PGIM Real Estate will create Riverton, a 418-acre, shovel-ready waterfront redevelopment on the Raritan River. This is considered the largest mixed-use project in New Jersey history. <\/p>\n","protected":false},"author":746,"featured_media":1004197374,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21752,1600,21742,10],"tags":[37988,38168,34831,34714],"class_list":["post-1004197372","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-mixed-use","category-new-york","category-latest","category-northeast","tag-mark-toro","tag-new-jersey-economic-development-authority","tag-north-american-properties","tag-pgim-real-estate"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>JV Unveils $2.5B NJ Mixed-Use Waterfront Project - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/jv-unveils-2-5b-nj-mixed-use-waterfront-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JV Unveils $2.5B NJ Mixed-Use Waterfront Project\" \/>\n<meta property=\"og:description\" content=\"North American Properties and PGIM Real Estate will create Riverton, a 418-acre, shovel-ready waterfront redevelopment on the Raritan River. This is considered the largest mixed-use project in New Jersey history.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/jv-unveils-2-5b-nj-mixed-use-waterfront-project\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-15T12:23:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T07:39:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Riverton.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"400\" \/>\n\t<meta property=\"og:image:height\" content=\"310\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"IvyLee Rosario\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jv-unveils-2-5b-nj-mixed-use-waterfront-project\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/jv-unveils-2-5b-nj-mixed-use-waterfront-project\/\",\"name\":\"JV Unveils $2.5B NJ Mixed-Use Waterfront Project - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jv-unveils-2-5b-nj-mixed-use-waterfront-project\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jv-unveils-2-5b-nj-mixed-use-waterfront-project\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Riverton.jpg\",\"datePublished\":\"2017-11-15T12:23:05+00:00\",\"dateModified\":\"2022-12-09T07:39:07+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jv-unveils-2-5b-nj-mixed-use-waterfront-project\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/jv-unveils-2-5b-nj-mixed-use-waterfront-project\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jv-unveils-2-5b-nj-mixed-use-waterfront-project\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Riverton.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Riverton.jpg\",\"width\":400,\"height\":310,\"caption\":\"Riverton rendering\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jv-unveils-2-5b-nj-mixed-use-waterfront-project\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"JV Unveils $2.5B NJ Mixed-Use Waterfront Project\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780\",\"name\":\"IvyLee Rosario\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67\",\"caption\":\"IvyLee Rosario\"},\"description\":\"IvyLee Rosario is a Senior Associate Editor for Commercial Property Executive and Multi-Housing News. 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