OLD BRIDGE — Construction and leasing are under way at Woodhaven Plaza, a new neighborhood shopping center on Texas Road, Old Bridge.
R.J. Brunelli & Co. LLC, Old Bridge, serves as the exclusive leasing agent for the center, which will ultimately contain more than 118,000 square feet of space divided among four buildings just east of Spotswood- Englishtown Road (Route 527) and about 1 mile from Monroe Township.
The property will serve as the retail component of Woodhaven Village, a planned residential community that already contains a mix of more than 350 single-family detached homes, townhouses and apartments, as well as recreational areas.
Both the retail and residential areas are being developed by Atlantic Realty, Woodbridge, which plans to build about 1,600 homes on the 1,454-acre site.
“As the largest retail center in the immediate vicinity, Woodhaven Plaza will not only fulfill day-to-day shopping and service needs of existing and future residents of Woodhaven Village, but it is also within minutes of affluent developments in Monroe Township, a fast-growing municipality where restrictive zoning has severely limited retail development,” said Marty Yaged, sales associate at R.J. Brunelli . “This represents a great opportunity for retailers and services looking to capitalize on an under-served local market.”
Leases are currently out for review with a fast-food chain, liquor store, hair salon, day care center and martial arts studio.
Yaged noted that other uses being targeted for the site include a small-scale supermarket, fitness center, dollar store, bank, dry cleaners and an independent pharmacy.
“In particular, we believe this site offers great potential for a small-scale supermarket. To do a major food shopping, residents of this section of Old Bridge and northern Monroe currently have to travel approximately 3.3 to 4.7 miles to supermarkets along Route 9 in Old Bridge and Marlboro,” he said.
Initial spaces in Woodhaven Plaza are expected to be ready for delivery to tenants in the summer of 2013.
All told, the property will draw from a population of about 38,000 residents with an average household income of $124,000 within a 3-mile radius, and more than 140,000 people with an average household income exceeding $128,000 within a 5-mile radius, according to the press release.
For leasing information about Woodhaven Plaza, contact Marty Yaged by email at [email protected] or 732-721-5800.