The six finalists were culled from a process that began in July with the issuance of an RFP by the Bayonne Local Redevelopment Authority. More than 2,000 companies were contacted, according to Joseph Nichols, BLRA's director, and more than 70 groups took what he terms "an active interest" in the RFP. "That's very encouraging," he says, "especially given the state of the economy."
The RFP solicited bids for what are called the Loft, Landing and Bayonne Point tracts within Peninsula at Bayonne Harbor, a former industrial area. Altogether, they account for 71 acres within the 430-acre Peninsula redevelopment area--portions of which have already been built out in recent years.
The finalists are an interesting mix, beginning with cruise operator Royal Caribbean International, which already operates a port facility within the Peninsula site. Lutheran Social Ministries, based in Burlington, meanwhile, specializes in developing and operating affordable and market-rate housing.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 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.
