3-30-18

22C — March 30 - April 12, 2018 — The Best of 2017 — M id A tlantic

Real Estate Journal

www.marejournal.com

The Best retail Project of 2017

Walters Group Stafford Park Manahawkin, NJ

Waters Retail Group Shoppes at Belmont Lancaster, PA

Key Properties Hanover Crossroads Cedar Knolls, NJ

Size: 70 acres, 365,298 SF Ground broke on the 365,298 SF Shoppes at Belmont in Fall 2016 and will open this Spring. The Shopping Center, with 30 retail stores and restaurants, is part of a mixed-use development that will also include 87 single family and townhouse units. The Shoppes at Belmont will include such anchors as Target, Whole Foods, Nor- dstrom Rack, Dick’s Sporting Goods, and Michael’s. Joining them in the main street include Ulta Beauty, Rack Room Shoes, Lane Bryant, Carter’s, OshKosh B’gosh, Hallmark, Finch Jewelers, and Inu Salon & Spa. Restaurants will also be an integral part of the de- velopment, with P.F. Chang’s, Harvest Seasonal Grill & Wine Bar, and CoreLife Eatery all set to open. Highlighting the development will be the “Main Street” with smaller stores, restaurants and cafe’s overlooking a decorative fountain and small park area. Numerous sidewalks and walking and bicycle paths were provided for the nearby residents and customers, in addition to a Red Rose Transit bus shelter and stop.

Size: 108,000 SF Key Properties rezoned a portion of this former Berlex Laboratories property for affordable housing and sold that parcel, which has since been developed. The bal- ance was rezoned for retail, which Key Properties is currently developing on a designated brownfield site. Hanover Crossroads shopping center offers an out- standing Morris County address, exceptional visibility and strong demographics. The center today is 100 per- cent leased. T.J. Maxx, HomeGoods, Old Navy, Fa- mous Footwear, Five Below, Ulta Beauty, MedExpress Urgent Care, AutoZone and QuickChek all opened in 2017. Construction is underway on its final pad site, which will house IHOP and Italian eatery Mangiamo.

Size: 370 acres, 650,000 SF gross leasable area A LEED-certified mixed-use redevelopment with out- standing residential, retail and recreational elements, was built on property that was formerly occupied by two landfills and lies in the Regional Growth Area of the Pinelands region. Construction involved a lengthy remediation process and major roadway improvements as well as the preservation of land and the long-term protection of plant and animal habitat. Retail tenancy includes Costco, Target, Dick’s Sporting Goods, PetSmart, Best Buy, AT&T, Ulta, Vitamin Shoppe, Olive Garden and Five Below. The com- pleted residential component consists of Stafford Preserve, 216 apartment units; and Stafford Park Apartments, 112 affordable housing units.

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