Situated on a 48-acre site along Route 9 in south central New Jersey, the 465,000-sf Lanes Mill Marketplace is coming out of the ground at an estimated cost of $40 million, according to a company spokesperson. Lanes Mill Associates is an affiliate of the Goldenberg Group, a privately owned shopping center development company based in Blue Bell, PA.

The new complex will be anchored by Target and Lowe's Home Improvement Warehouse stores, and other key tenants will include a Stop and Shop supermarket of 72,000 sf and a Chick-Fil-A restaurant. Construction work on Lanes Mill Marketplace is expected to be completed this fall--Lowe's has scheduled a grand opening for September, and Target is expected to follow suit with its own ribbon-cutting the following month. Opening dates have not been announced for the four recently signed tenants.

For Lanes Mill Associates, the project entails a substantial amount of off-site work related to access, including a direct connection to the adjacent Howell Commons shopping complex. And, according to local officials, the developer is spending upwards of $1.2 million for related improvements to both Route 9 and to other adjacent roads. That expenditure includes new on- and off-ramps linking the site to Route 9.