$2B MXD Planned for Elizabeth Waterfront

ELIZABETH, NJ-On the site of a former landfill along Newark Bay, an ambitious project is slowly taking shape. Tern Landing Development LLC, a development company based in Hoboken, plans to turn the 30 acres of capped landfill into a massive mixed-use development called Celadon, featuring retail, residential, office and recreational space as well as hotels and a ferry terminal to shuttle residents to and from Manhattan.

After being capped several years ago by OENJ Cherokee, which developed the adjacent Jersey Gardens Mall, the property languished until it was purchased by Tern Landing in 2006 for $31.5 million. Dil Hoda, manager of Tern Landing, envisions an environmentally sustainable neighborhood where residents can live, work and play.

“If I had to define it, I would say that Celadon is a culturally anchored, transit-oriented, sustainable mixed-use development,” Hoda tells GlobeSt.com. When complete, according to the ambitious plans, it will consist of more than 4,000 residential units in 11 towers, 1,200 hotel rooms, 400,000 sf of office, 150,000 sf of retail, a 1,000-foot public promenade along the waterfront, a marina, a recreational pier into Newark Bay and the ferry terminal, with two ferry slips.