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Public Gets Preview of Redo Plans

BRICK, NJ-Local officials release information of what's expected from four finalists for the 11-acre site here on Route 70.

By Eric Peterson | Updated on September 08, 2008

BRICK, NJ-The details of four proposals for redeveloping an 11-acre site on Route 70, containing a long-vacant Foodtown supermarket, are still scheduled to be formally unveiled this week. But township officials this weekend gave the public an idea of what to expect on Tuesday night.

Officials released some details of those four proposals, culled from more than 100 expressions of interest to the township’s original RFP. The most ambitious comes from the Blue Bell, PA-based TBG Developers, which wants to anchor its project with a four-story, 124-room Marriott Courtyard hotel and conference center. It would be flanked by two 21-story towers with two floors of retail, four floors of offices and the rest residential condos.

According to information released by officials, TBG did not list a price offer for the township-owned site, stating only that the company would pay “fair market value.” The township acquired the site in 2003 for $6.5 million, largely to thwart a proposed 105,000-sf Home Depot store. TBG’s project, meanwhile, would rise in three phases.

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