Construction begins on new 329,000SF Secaucus Wal-Mart.
Over 200 construction jobs will be created and the Wal-Mart Discount Store and SAM'S CLUB to be located on the site will employ a total of 425 people. Construction will begin immediately on the 328,939 sq. ft. of retail space with an opening projected for Summer 2004.
An office building had been expected at the site, but plans to update Harmon Meadow's existing retail facilities energized interest from retailers, and as a result the final two parcels are being offered and can be built to a total of 173,000 square feet.
"Secaucus has long been an ideal retail environment," said Secaucus Mayor Dennis Elwell.
"Walmart and SAM'S CLUB clearly recognize that and we're proud to bring such renowned retailers to our town."
"Harmon Meadow was a breakthrough in suburban real estate development the original Power Town," said Emanuel Stern, president of Hartz Mountain Industries, Inc.
"Now, what is perhaps the most powerful retail brand in the world has chosen it as its entry point into the metropolitan area market.
"That along with the commitment we've made to renewing the retail areas, will help us re-invent this area, reasserting its importance in the region."
Included in the improvements being made at Harmon Meadow is the rebuilding of the Olive Garden restaurant located on Route 3.
Additionally, signage is being updated throughout the site and walkways have been renovated.
Just three miles from the Lincoln Tunnel, Harmon Meadow's access to major highways and local infrastructure have been natural draws for office users, retailers and movie theaters for 20 years.
Harmon Meadow's location just outside Manhattan enables it to draw shoppers from both sides of the Hudson as well as nearby Bergen County, whose blue laws require that stores close on Sundays. "Our long-time tenants thrive on the inherent value of this location, and I'm confident that our final sites will attract premium stores in no time," said Mr. Stern. Jerry Welkis of Welco Realty has been named exclusive leasing agent for the remaining sites.
|Printer friendly Cite/link Email Feedback|
|Publication:||Real Estate Weekly|
|Date:||Oct 15, 2003|
|Previous Article:||New green building competition budding.|
|Next Article:||Bond St. architects honored.|