This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Construction Underway On Woodhaven Plaza In Old Bridge, N.J.

OLD BRIDGE, N.J., Jan. 9, 2013 /PRNewswire/ -- Construction and leasing are now under way on Woodhaven Plaza, a new neighborhood shopping center on Texas Road in Old Bridge, just east of Spotswood-Englishtown Road (CR 527) and approximately one mile from Monroe Township.

Old Bridge-based R.J. Brunelli & Co., LLC serves as exclusive leasing agent for the center, which will ultimately contain over 118,000 square feet of space divided between four buildings. The property will serve as the retail component of Woodhaven Village, a planned residential community that already contains a mix of over 350 single-family detached homes, townhouses and apartments, as well as recreational areas.  Both the retail and residential areas are being developed by Atlantic Realty of Woodbridge, N.J., which plans to build approximately 1,600 homes on the 1,454-acre site.

"As the largest retail center in the immediate vicinity, Woodhaven Plaza will not only fulfill day-to-day shopping and service needs of existing and future residents of Woodhaven Village, but is also within minutes of affluent developments in Monroe Township, a fast-growing municipality where restrictive zoning has severely limited retail development," said Marty Yaged, sales associate at R.J. Brunelli. "This represents a great opportunity for retailers and services looking to capitalize on an under-served local market."

All told, the property will draw from a population of approximately 38,000 residents with an average household income of $124,000 within a three-mile radius and more than 140,000 people with an average household income exceeding $128,000 within a five-mile radius.

Leases are currently out for review with a fast food chain, liquor store, hair salon, daycare center and martial arts studio.  Yaged noted that other uses being targeted for the site include a small-scale supermarket, fitness center, dollar store, bank, dry cleaners and an independent pharmacy. "In particular, we believe this site offers great potential for a small-scale supermarket. To do a major food shopping, residents of this section of Old Bridge and northern Monroe currently have to travel approximately 3.3 to 4.7 miles to supermarkets along Route 9 in Old Bridge and Marlboro," he explained.

Initial spaces in Woodhaven Plaza are expected to be ready for delivery to tenants in the summer of 2013. 

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.18 1.64%
FB $117.43 -0.96%
GOOG $692.36 -0.84%
TSLA $232.32 -3.92%
YHOO $36.01 -1.42%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs