4-28-17

4A — April 28 - May 11, 2017 — ICSC RECon Las Vegas — Shopping Centers — M id A tlantic

Real Estate Journal

www.marejournal.com

ICSC REC on L as V egas

By Richard Birdoff, RD Management Bayonne: The last frontier on the Gold Coast

s suburban revitaliza- tion comes to the fore- front, young families and young professionals are continuing to populate sub- urbs throughout the nation. With this comes a need for innovative commercial real estate developments that can serve as activity hubs for its community members. In turn, suburban and “commuter towns” are now becoming al- ternative destinations to the hustle and bustle of city life. A perfect example of this scenario is Jersey City, New Jersey. Over the years, the A

streets, giving the community a fresh jolt of energy and per- sonality. Similar changes are now moving south and RD Management and JMF Prop- erties are among the many developers claiming the final frontier of development and investment along the Gold Coast -- the city of Bayonne. Bayonne , New Jersey, known for its parks, quality school district, and safe neigh- borhoods has always catered to families or renters looking to take a break from the city. Unlike its sister commuter towns, Bayonne has a much more suburban feel, with residents that have called it “home” for generations. Jutting into the Upper New York Bay lies Military Ocean Terminal -- an area of un- tapped potential with views of Manhattan, easy access to the Hudson-Bergen Light Rail, and the New Jersey Turnpike 14A interchange. With New Jersey Route 440 running alongside the terminal, and amid talks of installing a commuter ferry route to Man- hattan, young families and professionals that once turned to the traditional commuter cities such as Jersey City or Brooklyn are now turning to Bayonne. Along with commuters, national retailers have been eying Bayonne since Military Ocean Terminal’s shutdown in 1999. JMF Properties is the designated developer of a significant portion of the terminal, and plans to break ground in September on a mixed-use development con- sisting of for-sale townhomes, retail, and restaurants. A waterfront walkway is cur- rently being installed stretch- ing from New Jersey Route 440 out to the tip of the pier, where residents and visitors can enjoy views of lower Man- hattan. We are excited to be a part of the enormous change hap- pening in Bayonne, and look forward to working with JMF Properties to see this dynamic development come to comple- tion. RD Management owns 78 retail, mixed-use, vacant land, office, and storage properties in the Northeast and has more than 200 properties in its national portfolio. Richard Birdoff is the principal and president of RD Management. n

city of choice among young commuters. New apartment Military Ocean Terminal provided by JMF Properties

once gritty town across the Hudson River has become a

buildings, restaurants, prom- enades, and galleries line the

Ethan Allen Marlboro, NJ

Xscape Theater Howell, NJ

Greenleaf Howell, NJ

Howell Commons Howell, NJ

Walgreens Staten Island, NY

TJ Maxx Woodbridge, NJ

Building Quality, Value and Trust 4900 Route 33, Suite 101, Wall Township, NJ 07753 732.933.0707 www.gerardconstructioncorp.com

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