Search
 

JSS, Madison Start on $70M Wayne Towne Center

WAYNE, NJ-The completed project will add 240,000 sf of retail space at the 50-acre site.

By Brianne Harrison | Updated on November 21, 2007

WAYNE, NJ-Construction has officially begun on the $70-million revitalization project at the Wayne Towne Center. The project will add approximately 240,000 sf to the 510,000 sf already in place, and is scheduled for completion in fall 2009.

The project is being undertaken by New York City-based JSS Advisors LLC and Madison Realty Group. The two companies bought the site and the development rights in December 2003 and received final site plan approval earlier this year.

Current anchors Fortunoff, Old Navy, Loehmann’s and J.C. Penney will remain at the site. The project will add space for new tenants, including Dick’s Sporting Goods, which will take 70,000 sf of space; DSW Shoe Warehouse, which will be housed in 19,000 sf; as well as Ulta Cosmetics, Olive Garden and Chipotle Mexican Grill. Construction on Dick’s and DSW will begin after the first of the year in 2008. Robert K. Futterman & Associates, the leasing agents for the property, are also negotiating to add a 40,000-sf health club and spa to the site. Five restaurants, including a new TGI Friday’s to replace the building already on the site, will begin construction immediately.

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

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

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 © 2024 ALM Global, LLC. All Rights Reserved.