Montgomery Township, N.J. — SJC Ventures, a privately held commercial real estate and retail development firm based out of Atlanta, has broken ground on Montgomery Promenade in the New York City suburb of Montgomery Township.
Situated on a 54-acre site on Route 206, Montgomery Promenade will comprise 292,700 square feet and feature palisades for walking, green spaces, outdoor dining and restaurants. According to the Montgomery Township website, the project also includes 34 single-family detached homes that buffer the existing homes on Route 518 and the new shopping center.
A Whole Foods Market will anchor the new development. Other confirmed tenants include an 11,000-square-foot Ulta, Panera Bread, Iron Whale, The Robinson Ale House, Dor L’ Dor NYC, Turning Point Restaurants, More Than Q, European Wax Center, Spavia and Norman’s Hallmark.
According to the SJC Ventures, three new retail leases will be announced in the next 60 days, with five more before the end of the year.
“We’re thrilled to have two great concepts from the McLoone’s Group with Iron Whale and Robinson Ale House that will take about 15,000 square feet,” says Justin Latone, senior vice president of leasing for SJC Ventures. “Both spaces will front a promenade and patio area immediately adjacent to the roundabout on Nevius, which will cut through the shopping center. It will provide the exact vision that we have for this project, which is people enjoying outdoor spaces and cross-shopping throughout Montgomery Promenade.”
Montgomery Promenade is expected to welcome its first openings in 2025. Previously, the site was undeveloped and sat vacant for more than 15 years.
— Channing Hamilton