|RARITAN HEIGHTS, NEW BRUNSWICK, NJ|
Commercial lease in New BrunswickOverview
Founded in 1730, the City of New Brunswick is rich with history as a leader of industry and commerce. Now, the highest profile property in this great city is a proposed mixed-use redevelopment. Situated on the heavily traveled Route 1, this landmark property is conveniently located just north of the Route 18 entrance on the Raritan River's southern bank. Current plans feature the existing Loews Cineplex, a mega-plex theater as a community focal point and proposes an additional 55,000 square feet of lifestyle retail and restaurants in a main-street setting. The residential phase will incorporate up to 600 apartments and condominiums situated on a bluff overlooking the scenic Raritan River and Donaldson Park, located across the River in Highland Park.
The regional effect of this property is obvious with New Brunswick and the surrounding towns of Edison, Highland Park, North Brunswick and East Brunswick being among the leaders in New Jersey when it comes to business counts, jobs, population and income. Raritan Center, one of the nation's largest office/industrial parks, Robert Wood Johnson University Hospital, The most prestigious medical center in New Jersey, the corporate headquarters of Johnson & Johnson, Rutgers University and several others call this region home. As far as traffic counts are concerned, some of the busiest highways in the nation are located within a mile of the property including Route 18 (107,000 car per day), Route 27 (21,000 cars per day), and the New Jersey Turnpike Exit 9 (116,000 cars per day). Route 1, the highway that serves the property boasts over 93,000 cars per day and the redevelopment proposes full access from Route 1 as opposed to the current access only serving the southbound lanes.
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Leasing Plan (Click to enlarge)