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800,000-SF Mall is Slated Near Trade Zone

MT. OLIVE, NJ-Big-box retailers appear to be lined up for a shopping complex planned by Alabama-based AIG Baker. The township is buying up nearby property to limit further growth.

By Eric Peterson | Updated on August 07, 2000

Wal-Mart, Lowes Home Centers and Sam’s Club are said to be among the big-box retail names lined up for a new 811,197-sf shopping center planned by AIG Baker for a 204-acre site adjacent to the International Trade Zone on Route 46. ITZ is a Federally designated foreign-trade zone and accompanying business park developed by the Rockefeller Group. It’s one of the biggest concentrations of foreign-based companies on the East Coast and its workforce should provide a solid captive audience for the mall. The mall proposal is slated for presentation to township officials tonight for final approval, which is expected by most observers. Development cost has not been announced pending approval.

As part of the deal, several portions of roadway will be turned over to the developer so that the site can be reconfigured. This will allow the shopping center to be positioned for maximum off-site exposure and enable road improvements to be made. In return, AIG will give Mt. Olive $400,000 over the next three years and will fund some of the road improvements, according to council president William Sohl. The council is said to have no immediate plans for the cash, although open-space retention and infrastructure improvements could be on the agenda.

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