NJ awards $400M tax break in Riverton Raritan Bay development project
We have been working with Kevin Polston and his exceptional team at North American Properties on Riverton since 2017. This is a huge milestone for this transformative project that will positively influence the community of Sayreville and this Northern New Jersey economy. Read more about this project in this article.
Our contribution taken on various shapes over these years. Initial focus was on getting the 300+ acres entitled and zoned as a mixed-use development. That included 2M SF of new residential and commercial space, including 1,300 new residential units, and a major lifestyle retail, restaurant, and entertainment component. The strategies, marketing, and presentation materials used information from our highest-and-best uses and feasibility analysis.
Once the entitlement and zoning was accomplished, our scope shifted to the economic and market impact analysis required of applicants to the New Jersey Economic Development Authority’s Aspire program, originally known as the Economic Redevelopment and Growth Grant.
We also conducted bespoke economic and market reports that addressed unique circumstances associated with the project during the pandemic of 2022, and various nuanced requirements of the Aspire program.
We are very grateful to Kevin and North American Properties for the opportunity to serve on the Riverton team!
No better way to describe what we do for clients than to show results.
