SAYREVILLE — O’Neill Properties Group (OPG) recently completed the brownfield remediation component for The Pointe, a $2.2 billion retail/mixed-use project commencing construction in Sayreville.
To prepare the site ready for construction, OPG spent $11 million to clean up Sayreville’s infamous 40-acre toxic lagoon, which sat filled with titanium dioxide waste byproducts from the former on-site National Lead manufacturing facility. When the 440-acre site was purchased in 2008, OPG committed to cleaning up the massive brownfield contamination, according to a statement released by OPG.
The lagoon, with its highly acidic, yolk-like substance and changing colors, was an infamous landmark in the region. Challenged with a unique chemical composition, OPG enlisted the help of engineering firm Maser Consulting to undertake what quickly became the largest and most intensive, chemically contaminated site remediation project in the country, representatives of the company said.
“After years of behind-the-scenes work, and what was truly a remediation engineering marvel, 2016 is going to see a flurry of leasing and construction activity to really kick off this monumental project,” said Brian O’Neill Jr., chief operating officer of OPG and development manager for The Pointe. “The Pointe at Sayreville will redefine shopping, entertainment and dining, transforming the local economy by creating nearly 10,000 new jobs and serving as an exciting new destination for the 12 million people in the New Jersey/New York marketplace.”
The Pointe is located at one of the busiest intersections in the United States — the Garden State Parkway, Route 9 and Route 35. More than 400,000 cars pass The Pointe every day, with that traffic spiking to more than 1 million cars per day as vacationers head to the Jersey Shore in the summer months, according to the statement.
When complete, The Pointe will cover 440 acres and span three miles of waterfront along the Raritan River. The Pointe will bring 2,000 upscale waterfront townhomes and luxury apartments, 32,000 square feet of Class A office space and 1,250 hotel rooms to the area. The property will also include a 200-slip marina as well as over five miles of waterfront walkways and a park.
For the community, The Pointe will construct a 45,000-square-foot community and fitness center, a 9,700-square-foot facility for fire and EMS services, a 10,000-square-foot performing arts center as well as a rooftop solar farm.
This project is the largest of the kind in the Northeast, let alone New Jersey, OPG said.
“The Pointe will become an iconic destination for consumers in the region and represents the perfect marriage of population density, access and retail,” said Todd Cooper, co-founder of leasing agent Ripco.
OPG is now breaking ground on the first phase of construction, a new 200,000-square-foot Bass Pro Shops, the largest in the country outside of its original flagship operation. The store is expected to open in 2017.
For more information on pre-leasing opportunities, contact Cooper at 516-933-8880 or [email protected]; New Jersey Commercial Real Estate Broker Florian Suserman at 201-777-2300 or [email protected]; or New Jersey Real Estate Salesperson Alison Horbach at 201-777-2300 or [email protected].