Chelsea Starts 435,000-SF Outlet Mall

[IMGCAP(1)]TINTON FALLS, NJ-Legal challenges had tied the project up for a couple of years, putting it behind schedule, but Chelsea Property Group’s Jersey Shore Premium Outlets is now on target for a November opening. As reported by GlobeSt.com, the legal delays were related to traffic patterns, construction of an overpass and stormwater management regulations.

As GlobeSt.com previously reported, the 435,000-sf shopping complex finally passed muster in late 2007, and a subsequent groundbreaking kicked off the project’s current construction. “We are well under way, and are on schedule for a November opening,” confirms Michele Rothstein, SVP of the Roseland, NJ-based Chelsea, a division of Simon Property Group. As reported in the Simon 2007 annual report, the estimated gross cost of the project is $157 million.

[IMGCAP(2)]The shopping center is rising on 60 acres at Route 66 East and Essex Road along this community’s border with Neptune Twp., and will have a total of 120 stores with a fashion-oriented, upscale tenant mix. That tenant mix will also include a food court.