|MARKET PLACE AT MONROE, MONROE, NJ|
Monroe Township was founded in 1838 and named in honor of the President of the United States James Monroe. Originally known as a farming community, over the past two decades this label has changed as this region of New Jersey has become an industry leader attracting Fortune 500 business due large in part to its central location and proximity to the New Jersey Turnpike (both Exits 8 and 8-A). As a result of this influx of commerce, the residential market has also exploded into a prosperous upscale community and has become the most active town in New Jersey for residential development with almost 10,000 new homes either under construction or approved for development.
This new wealth and disposable income has created new requirements for regional shopping and has paved the way for Edgewood Properties' second development in this community, one of the largest planned projects in the region, Market Place at Monroe. Situated on the heavily traveled Route 33 and located in the heart of the residential boom, Market Place at Monroe acts as a perfect middle access point between Philadelphia (approximately 45 miles southwest) and New York City (approximately 35 miles north) for commuters and is touted as the next viable regional shopping destination between the markets of Freehold/Manalapan and Princeton/Hamilton
In addition to the project's frontage along Route 33 and the site's immediate proximity to Exit 8 of the New Jersey Turnpike, this landmark development is positioned between (with full access to) the region's two primary north/south corridors; Applegarth Road and Perrineville Road and will proudly feature five primary components: a 450,000 square foot large-box regional shopping center, a 250,000 square foot Lifestyle Center, 500 luxury residential units, a minor league baseball stadium and the regional headquarters for Make a Wish Foundation.
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Leasing Plan (Click to enlarge)