Thank you for sharing!

Your article was successfully shared with the contacts you provided.

BAYONNE, NJ-The details are sketchy and plans very preliminary, but businessman Howard Li has an application before the city council here to turn a 23-acre industrial site into an international commercial and retail center. Bayonne International Commerce Center would rise at the intersection of Pulaski St. and Route 440 near the Peninsula at Bayonne Harbor MXD redevelopment of the former Military Ocean Terminal.

According to published reports, Li is seeking permission from the city council to redevelop the site, which his company, Waitex International, owns, and has approached the planning board with general redevelopment plans. Li could not be reached for comment.

The site is currently occupied by a 350,000-sf warehouse owned and operated by Waitex, a New York City-based W/D and Internet fulfillment provider that deals mainly in apparel and related products. Waitex acquired the building in 2000, and two years later had a proposal before the planning board to expand the property. Altogether, Waitex owns and operates three million sf of W/D space, mostly in New Jersey and, to a lesser extent, California.

According to published reports, the general plans advanced by Li, the existing W/D on the site would be torn down. Replacing it would be a 550,000-sf commercial and retail complex including a trade center. An adjoining hotel complex would have anywhere between 400 and 900 rooms and a regional convention center.

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?


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.