After being capped several years ago by OENJ Cherokee,which developed the adjacent Jersey Gardens Mall, the propertylanguished until it was purchased by Tern Landing in 2006 for $31.5million. Dil Hoda, manager of Tern Landing, envisions anenvironmentally sustainable neighborhood where residents can live,work and play.

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"If I had to define it, I would say that Celadon is a culturallyanchored, transit-oriented, sustainable mixed-use development,"Hoda tells GlobeSt.com. When complete, according to the ambitiousplans, it will consist of more than 4,000 residential units in 11towers, 1,200 hotel rooms, 400,000 sf of office, 150,000 sf ofretail, a 1,000-foot public promenade along the waterfront, amarina, a recreational pier into Newark Bay and the ferry terminal,with two ferry slips.

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The property is situated near the Jersey Gardens Mall, NewJersey Turnpike and Newark Liberty International Airport. The ferrywill be able to travel to and from Manhattan in less than half anhour. Hoda hopes that a light rail or monorail will eventuallyconnect Celadon to Newark Liberty, easing access for travelers andeliminating the need for cars or shuttle buses.

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Celadon, like all of Tern Landing's undertakings, will be builtwith environmental sustainability in mind. Plans for the siteinclude 3.5 acres of open space and parkland as well as publicaccess to coastal wetlands and roof gardens. In addition, therewill be systems in place to harvest and reuse rainwater andrenewable energy through solar and wind and energy-efficientmechanical systems and lighting installed in all the buildings.

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The entire project is estimated to take 12 years and could costas much as $2 billion, although Hoda admits it's impossible toaccurately gauge the total cost over such a long period of time.Tern Landing received site plan approval in December and was giventhe go ahead by the New Jersey DEP in January. The company plans totackle the ferry terminal, access roads, promenade and relatedparking first, and anticipates breaking ground this summer.

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