EATONTOWN, NJ-The owners of Monmouth Mall, a 1.5-million-sf enclosed shopping center, have filed a proposal with the local planning board to add 80,000 sf of new space to the complex. Those plans call for four freestanding buildings on pad sites along the two highways fronting the 100-acre property, Routes 35 and 36.
According to a published report, the proposal calls for a 50,000-sf, two-story Dick's Sporting Goods and three smaller buildings that would be occupied by a combination of banks and restaurants. Planning board officials confirm the general site plan, but officials of both the mall and Dick's have declined comment. Monmouth Mall is owned by a partnership made up of Vornado Realty Trust, Paramus, the Kushner Cos. of Florham Park and the New York-based Ashkenazy Investment Co.
Originally opened in 1960 as an open-air shopping center, Monmouth Mall was expanded and enclosed in the mid-'70s, and renovated and expanded again in the mid-'90s. Acquired by its current owners for $165 million in 2002, it has a total of more than 100 stores, including anchor tenants Macy's, Lord & Taylor, JC Penney and Boscov's.
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