Waterfront Development Opportunity Comes to Market as Matthews™ Lists NJ Site
Bayonne, NJ —Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, listed 120 Chosin Few Way, Bayonne, NJ, a sub-parcel of the Harbor Station South Redevelopment area. Matthews™ Vice President and Director David Ferber, CPA, Executive Vice Presidents DJ Johnston, and Brock Emmetsberger, and First Vice President Cameron Hooper are representing the seller in the transaction.
Formerly a military ocean terminal, 120 Chosin provides an opportunity to build up to 400 residential units with a maximum density of 300 feet. The property for sale, allowing for 100% lot coverage, is complemented by a 25-year tax pilot. Positioned with a ferry terminal minutes away, the development site has transit accessibility and is anchored by several newly delivered anchor retail assets.
“This listing offers developers a prime location within a thriving redevelopment area and proximity to transportation hubs and consumer-favorite brands,” Ferber said. “In addition, this waterfront complex would include unobstructed Manhattan skyline views.”
The Harbor Station South Redevelopment initiative was launched in 2016 with the goal of realizing the land’s market value, generating tax ratables that benefit the Bayonne community, job creation, etc. The area is marketed toward multifamily, residential, mixed-use, hospitality, and retail development.
“The combined expertise of the listing agents involved not only enhances the marketing strategy but also ensures comprehensive coverage of the target market,” Ferber said.” With our diverse backgrounds and specialized skill sets, we can effectively navigate the intricacies of development deals, maximizing value for both sellers and potential buyers.”
For more information on this listing, please click here. Please reach out to agents for pricing information. Last call for offers is April 8, 2024.
About Matthews™
Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 600 agents and support staff in 25+ offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.
