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BAYONNE, NJ-Following an eight-month selection process andbesting nine other candidates, a partnership of Fort Worth-based DRHorton and Dallas-based Trammell Crow Residential has gotten thenod as developer of the Bayonne Bay District at the Peninsula atBayonne Harbor. The winning proposal for the 32.7-acre Bayonne Baysite is largely residential. It calls for 1,769 units ofage-restricted and age-targeted housing, both for-sale and rental,configured around a waterfront park and walkway. Projected cost isin the $500-million-plus range.

The effort is the redevelopment of the former Military OceanTerminal, shuttered by the US Army in 2002. The board ofcommissioners of the Bayonne Local Redevelopment Authority votedunanimously to pick the Horton/Trammell Crow group over nine othercontenders. The process began in July 2005 when the BLRA fieldedthe 10 final proposals and launched the eight-month study period.For previous coverage,click here.