SAYREVILLE, NJ—North American Properties has revealed plans for “Riverton,” a $2.5 billion, 418-acre, shovel-ready waterfront redevelopment on the Raritan River, in a joint venture with New Jersey-based PGIM Real Estate. The project will occupy a former brownfield site that represents one of the largest tracts available for development in New Jersey.
It is believed to be the largest mixed-use project in New Jersey history, and one of the most comprehensive, aggressive plans in the United States.
“We create great, walkable places that connect people to each other; cities to their souls; partners to opportunities; and individuals to experiences that move them,” says Mark Toro, managing partner, North American Properties in Atlanta. “We are bringing together a world-leading visionary team to create New Jersey's next great hometown, advancing the community-building skillsets we developed at Avalon.”
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