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Meadowlands: Reshaping a Region

The Meadowlands office and industrial markets are holding their own. But what will the still-delayed Xanadu project, less room for new development and a massive transportation upgrade mean for the region?

By Alyson Grala | Updated on August 24, 2009

[IMGCAP(1)]The Meadowlands region has grown a lot in the past 20 years from its beginning as empty marshlands. But today, its future is still somewhat unclear. Less land set aside for development, a stalled retail/entertainment complex and ongoing rail and road projects have observers wondering just what shape the area will take in coming years.

The site of environmental abuse for decades, legislation passed over the last 10 years has worked to curtail the damage in the Meadowlands. In particular, Democratic Congressman Steve Rothman has secured millions of dollars from the US Congress to protect and preserve the region. As a result, much of the area is off-limits to developers.

“For industrial sites, there’s very little land available,” says Gus Milano, executive vice president of finance and leasing at Hartz Mountain Industries in Secaucus. “In total, you can probably only add another two-to-three million square feet to the Meadowlands industrial market,” he says. This is in contrast to Exit 7A or 8A where there are still opportunities to build tens of millions of square feet of industrial.

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