City Officials Approve $2.5 Billion Waterfront Development in Sayreville, New Jersey

Aerial view of Riverton - North American PropertiesAerial view of Riverton - North American Properties

The Sayreville Planning Board has approved construction of a waterfront community that will soon become one of the largest redevelopment projects in New Jersey history. Known simply as Riverton, the multi-phase development will occupy 418 acres near the Driscoll Bridge along the Raritan River.

North American Properties and Prudential Global Investment Management, the development team behind Riverton, was unanimously granted approvals by the planning board on December 10 and was applauded for the anticipated transformational effects of the project.

Site map off the Riverton development - North American Properties

Site map off the Riverton development – North American Properties

The full scope of the development includes 1.5 million square feet of retail, nearly 2 million square feet of office space, an 800,000-square-foot hotel and conference center, up to 2,000 apartment units, and a 400-slip marina. Phase One of the project, which could break ground this year, includes nearly 250,000 square feet of retail, 70,000 square feet of dining area, a nine-story office building, a ten-story hotel, and a 48,000-square-foot conference center.

Bass Pro Shops will occupy 200,000 square feet of the retail component, while a portion of the residences will be reserved for affordable housing.

Views within the Riverton development - North American Properties

Views within the Riverton development – North American Properties

Retail corridor within the Riverton development - North American Properties

Retail corridor within the Riverton development – North American Properties

The property once served as a National Lead Industries paint manufacturing plant but has sat vacant and mostly unused for more than a decade. During this time, the city began an exhaustive remediation plan to remove hazardous constituents from the existing soil. That process is only partially complete.

The entire project, valued at approximately $2.5 billion, could take another decade to complete due to ongoing remediation efforts and an open lawsuit launched by the Raritan Baykeeper and Edison Wetlands against National Lead Industries. Depending on the outcome of the suit, National Lead Industries could be held liable for costs related to the environmental remediation.

For now, city officials and the development team remain hopeful that a portion of the Riverton development will open by 2021.

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13 Comments on "City Officials Approve $2.5 Billion Waterfront Development in Sayreville, New Jersey"

  1. It's Jon Bon Jovi's hometown! | January 4, 2020 at 10:03 am | Reply

    *Sayreville

  2. Being a Sayreville resident for more than 25 years this is exactly why I’m leaving this state for Pennsylvania . Looks so beautiful on paper doesn’t it ! Increased taxes absolutely no where to put the traffic . Just waiting for the ultimate in snail crawling bumper to bumper traffic on Route 9 south . Local feeder roads that residents use to hop skip from Main street to Bordentown road and Ernston will not be given any mercy as congestion will consume them too. This nightmare is financially vonderbar for for the politicians but another way to force out the older folk do to ever increasing taxes . Good riddens N.J .

  3. David in Bushwick | January 4, 2020 at 9:30 pm | Reply

    Build it and sell it now before it gets flooded.

  4. So they can’t just let that land return to its natural state along the river? God forbid we leave an inch of ground unexploited. Instead, we need a massive development complex that will fill up with Indian H-1B workers.

    • <<>>

      Not sure how the ethnicity is relevant, but software development (like finance, etc) seems to be a pretty good employment sector for other communities. Lures well-educated, high-earning employees and doesn’t create much stress to the community.

    • Interesting how you start off with two sentences advocating a reasonable position yet in the third you get racist and xenophobic.

    • Racist much?

  5. Sayreville was spelled incorrectly through the whole article.

  6. That’s a big gamble after what Sandy did to the Bayshore…

  7. What portion will be for affordable housing? It is good for investors to know how much extra they will pay for people that can’t afford to live there otherwise.

  8. Right across the river from 2 power plants (comming), a asphalt plant, a DPW garage near a recycler too.

  9. Eric Schnittman | January 8, 2020 at 12:52 pm | Reply

    If I’m not mistaken, a lot of the acreage is considered Brownfields, loaded with contaminants and carcinogenic materials. Based upon the half lives of these substances, I would be very careful about having my loved ones eat, shop and God forbid live on top of this dung heap. Caveat emptor

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