To begin with, it's located in two adjoining Monmouth Countycommunities, Matawan and Aberdeen, and each community has approvalrights over the acreage within its borders (44 acres for Matawan,60 for Aberdeen). First proposed two years ago as part of astatewide effort to promote commercial development around NewJersey's rail hubs, Station Plaza will rise around theMatawan-Aberdeen Train Station, the state's fourth busiest commuterstop.

And the project has just gotten a big shove forward with thenaming, by both towns, of their preferred development groups. Bothgroups combine a mix of developers, investors, brokers andcontractors, beginning with Aberdeen's consortium of six companies.The Station Plaza Consortium will be headed by Silver OaksProperties of Monroe Twp., NJ. The others involved in putting theColonial-themed mixed uses on Aberdeen's 60 acres are BergenCapital of Hasbrouck Heights, NJ; Jefferson Properties of Dallas;Boyken International of Atlanta; Baker Residential ofPleasantville, NY; and Grubb & Ellis of New York City.

"Station Plaza will become the heart of Aberdeen and Matawan,"Aberdeen Mayor David Sobel told reporters in announcing his town'schoice of developers. Demographically, his community is a suburbantownship with no defined urban core.

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