(To read more on the multifamily market, click hereand for moreretail coverage, click GlobeSt.com/RETAIL.)
SAYREVILLE, NJ-The Sayreville Economic Development Authority haspicked the joint venture team of Market Street Investors LLC andLNR Northeast Investments to turn a 430-acre brownfield site into amassive mixed-use project in this Middlesex County community. Theprice tag for the project, which will take several years tocomplete, has been estimated at $1.25 billion.
The Market Street Investors/LNR team was one of four finalistsfor the project, which has been years in the making. Asreported by GlobeSt.com in January, the other three finalistswere Forest City Enterprises of Cleveland, the Spector Group ofNorth Hills, NY, and a partnership of the Cashman Co. and V.Paulius Associates of Allendale.
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