Redevelopment of the West Hanover Avenue corridor in Hanover and Morris Township is picking up pace, with construction beginning this week for a 7-Eleven that will join dozens of new shops, restaurants and townhomes built on two former commercial campuses. rice field.
Scheduled to open by the end of the year, 7-Eleven plans to complete the 19-acre Cedar Village Retail Center on the site of Hanover’s old Northrop Grumman Defense Technology Headquarters. Lowe’s Home Improvement Center powers a project built by developers JMF Properties and RD Realty.
Across from Morris Township, the same team will quickly fill the space with retail tenants at the 140,000-square-foot Morris Marketplace built in partnership with Accurate and Devimy Equities in a former Colgate-Palmolive manufacturing plant. , expecting to complete the work.
“From now through December, we’ll see more tenants owning it,” said William Renaz of Jeffrey Realty, which leases the space on the market.
Morris Marketplace is part of a 64-acre redevelopment that spans Morris Township and portions of Morristown and will include 143 townhomes and 60 rental units when complete. His accurate estimate of the cost of the Marketplace project, which he started last year, was $50 million.
The land near the Menan Sports Arena was sold to consumer goods manufacturer Colgate-Palmolive after it closed its factory in 2016.
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Residents began occupying a neighboring housing complex known as the Collection at Morris Township in the spring.
Morris Marketplace rental tenants include AT&T, Optimum, Jersey Mike’s, Wells Fargo, Orangetheory Fitness, Habit Burger and Lidl Grocery. Construction continues on part of the site.
Back in Hanover, the Cedar Village site has been vacant since Northrop Grumman left in 1985. 7-Eleven includes a 4,000-square-foot convenience store, eight pumps, self-service air, and on-site vacuums. According to JMF founder Joe Forgione, it will be completed in December. Loews opened there in 2019.
Forgione, former Commissioner of New Jersey, said: Sports and Expositions Authority.
JMF and RD previously developed Parsippany’s Waterview Marketplace, which opened in 2019 with Whole Foods as an anchor.
William Westhoven is a local reporter for DailyRecord.com. For unlimited access to the most important news in your area, Subscribe now or activate your digital account.
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