Riverton will be the largest mixed-use project in New Jersey history
By David Malone, Associate Editor
North American Properties has recently selected Cooper Robertson to handle the master planning of Riverton, a 418-acre waterfront mixed-use development on the Raritan River. The project site is considered the largest developable tract along a major transportation corridor in the United States. It also represents one of the largest brownfield remediations in New Jersey history.
The project, which is considered the largest mixed-use project in New Jersey history, is located just 20 miles outside of Manhattan. The $2.5 billion community will combine residential, retail, entertainment, marina, office, and hotel space in a curated street level experience, programmed gathering spaces, and resort-inspired hospitality.
Recreation and open space will be included along with an array of public and civic uses focused on more than a mile of riverfront. The commercial and retail space is expected to generate tens of thousands of jobs, millions of dollars in ongoing tax revenue, and millions of visitors each year.
Initial public approvals for the site were obtained in 2014, but the project has been updated since then. North American Properties is currently in the process of securing the necessary state and local approvals for the updated Riverton project plan.
Riverton is a joint venture between North American Properties and PGIM Real Estate.