Thank you for sharing!

Your article was successfully shared with the contacts you provided.

STAFFORD, NJ-Construction is just under way for a new 137,000-sf Target store. Site work is wrapping up, according to David Caldarella, project manager for the Walters Group, the Barnegat-based developer of the $400-million mixed-use Stafford Park project that Target will co-anchor. Target and its parking lot will occupy 12 acres within the 370-acre project, situated near the intersection of Route 72 and Recovery Road.

“The store building is expected to be completed within six months,” says Caldarella. “It’s slated for a summer 2008 opening.”

Target will subsequently be joined on-site by Costco, Best Buy, Dick’s Sporting Goods and PetSmart, all of which are expected to open later in 2008. They will combine with yet-to-be-announced retailers to make up the 650,000-sf retail portion of Stafford Park. The retail will be divided into two parts–a power center and a 90,000-sf lifestyle center that will be linked by a pedestrian-oriented market plaza. Nearly 670 residential units, 25,000 sf of offices and recreational facilities round out the site plan.

As reported by GlobeSt.com, construction for Stafford Park was preceded by a $31-million site remediation, a portion of which is still going on. The remediation involves tons of storm debris from a 25-acre unlicensed landfill and a licensed but retired 66-acre landfill. Also part of the project was the demolition and relocation of several facilities utilized by the Ocean County government.

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?

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information

GlobeSt. NET LEASE Awards 2021Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information


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.