O’Neill Properties Group begins construction on $2.2 billion project
Sayreville, N.J. -- O’Neill Properties Group announced that it has completed brownfield remediation project at the 40-acre lagoon at The Pointe located in Sayreville, New Jersey. The Pointe is the largest mixed-use brownfield redevelopment ever undertaken in the Northeast with the project costs of $2.2 billion. Vertical construction will begin in spring 2016 on a 200,000-sq. ft. anchor tenant Bass Pro Shops Outdoor World, the largest Bass Pro in the country outside of its original flagship operation.
When the 440-acre site was purchased in 2008, O’Neill Properties Group committed to cleaning up the massive brownfield contamination. One of the most noticeable areas where remediation work took place was at the location of the new Bass Pro Shops, where a 40-acre lagoon sat filled with titanium dioxide waste byproducts from the former on-site National Lead manufacturing facility. The lagoon, with its highly-acidic, yolk-like substance and changing colors, was an infamous landmark in the region. Challenged with a unique chemical composition, the company enlisted the help of engineering firm Maser Consulting to undertake what quickly became the largest, and most intensive chemically contaminated site remediation project in the country.
“After years of behind-the-scenes work and what was truly a remediation engineering marvel, 2016 is going to see a flurry of leasing and construction activity to really kick off this monumental project,” said Brian O’Neill Jr., COO of O’Neill Properties Group and development manager for The Pointe. “The Pointe at Sayreville will redefine shopping, entertainment, and dining, transforming the local economy by creating nearly 10,000 new jobs and serving as an exciting new destination for the 12 million people in the New Jersey/New York marketplace.”
O’Neill’s general contractor, MLP Builders, worked with Maser Consulting to design an in situ stabilization, which improves and stabilizes soil content while also removing chemical contaminants. The cost for the remediation project was $8 million. In addition the cost to construct the Bass Pro Shops pad was an additional $3 million.
“The innovative use of in situ stabilization (ISS) saved millions of dollars,” said Dan Busch, PE, PP, CME, principal at Maser Consulting. “Our geotechnical team worked tirelessly in challenging conditions and timeframes to verify the performance of the mixing, performing more than 4,500 tests to confirm the ISS met the design criteria and create a safe, hazard-free site for this seminal Bass Pro Shop store.”
When complete, The Pointe will be a mixed-use community covering 440 acres and spanning three miles of waterfront along the Raritan River. The Pointe will comprise 2,000 upscale waterfront townhomes and luxury apartments, 32,000 sq. ft. of Class A office space, 1,250 hotel rooms and 725,000 sq. ft. of retail, as well as a 200-slip marina, over five miles of waterfront walkways and a park. For the community, The Pointe will construct a 45,000-sq. ft. community and fitness center, a 9,700-sq. ft. facility for fire and EMS services, a 10,000-sq. ft. performing arts center, as well as a rooftop solar farm.
The retail portion is currently being pre-leased by Ripco Real Estate. “The Pointe will become an iconic destination for consumers in the region and represents the perfect marriage of population density, access, and retail,” said Todd Cooper, co-founder of Ripco.
The Pointe is located at one of the busiest intersections in the United States – the Garden State Parkway, Route 9, and Route 35.