Thank you for sharing!

Your article was successfully shared with the contacts you provided.

FLORHAM PARK, NJ-A 250-room hotel has been part of the plan for the redevelopment of the 493-acre former ExxonMobil research campus here, and now it has a name. Marriott has signed on to operate the hotel, which is now slated to open in approximately two years. And when the $90-million Marriott Renaissance Club Sport Hotel opens for business in 2009, it will include a 70,000-sf sports and fitness club.

Marriott won out over contenders Starwood and Intercontinental, according to a spokesman for the locally based Gale Real Estate Services, which is doing the larger redevelopment in a joint venture with Rockefeller Group Development. Also unveiled this week by Gale-Rockefeller are plans for a 100,000-sf sports rehab complex that will be operated by Morristown Memorial Hospital.

The sports tie-in is related to the New York Jets headquarters and training complex currently under construction within the redevelopment site. Gale and Rockefeller sold a 27-acre parcel to the New Jersey Sports & Exposition Authority earlier this year for construction of the 140,000-sf facility and five practice fields. The complex is part of the NJSEA’s deal with the Jets and New York Giants to build a new stadium in the Meadowlands and new practice facilities for both.

Still to come in the redevelopment of the ExxonMobil site are offices and a residential component, although plans have been scaled back a bit. According to revised plans submitted to the borough council this week, the original 830,000 sf of offices has been reduced to 700,000 sf, and the original proposal for 500 residential units has been trimmed to 425. Gale and Rockefeller effectively launched the redevelopment process after closing on the acquisition of the site from ExxonMobil in late 2006.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.