X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

STAFFORD TWP., NJ-The Walters Group has started construction for the 100,000-sf next phase of the retail component of its Stafford Park mixed-use redevelopment project here. The latest building is slated for completion later this year and, when finished, will house Best Buy, Dick’s Sporting Goods and PetSmart stores.

The latest construction joins ongoing work for a 137,000-sf Target store, now slated for a July opening. Site work has also begun for a new Costco store, and a 90,000-sf lifestyle center of smaller national retailers is also part of the plan. Altogether, Stafford Park’s retail component will add up to 650,000 sf, all of which is scheduled to be completed by the end of 2009.

“Site work and construction are progressing rapidly,” says David Caldarella, project manager for the Barnegat-based Walters Group. “We’re on schedule.”

At build-out, the $400-million Stafford Park will also consist of 670 residential units, 25,000 sf of offices, recreational facilities and Ocean County offices. The project is rising on 370 acres of former county landfills along Route 72 that Walters is spending $31 million to remediate. As reported here, Walters has also launched a project to test the feasibility of utilizing wind to power the community.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

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 © 2020 ALM Media Properties, LLC. All Rights Reserved.