Costco Wholesale has opened as the anchor tenant at JMF Properties‘ and RD Management‘s major mixed-use development at Bayonne’s Military Ocean Terminal.
The pair said Costco recently opened a 150,000-square-foot store and 18-pump Costco Gasoline gas station at Harbor View Marketplace, the retail side of the JMF/RD development. The development’s residential component, JMF and RD said, will include 651 luxury rental residences. It will also feature 25,000 square feet of lifestyle amenities, including a rooftop pool.
“We promised Bayonne-area residents and shoppers an outstanding anchor tenant for Harbor View Marketplace, and we delivered on that promise, less than one year after breaking ground on the project,” Joe Forgione, founder and principal of JMF Properties, said. “We welcome Costco to the community and look forward to continuing to develop a project that will no doubt attract many new shoppers, visitors and residents to this fast growing section of Bayonne.”
The Costco, JMF and RD said, is a “milestone moment in the redevelopment of Military Ocean Terminal.” The former 103-acre base, which housed both the Army and the Navy, is currently being revamped into a mixed-use waterfront destination comprised of residential, retail, restaurants, commercial space and recreation.
“Bayonne is a great place for shoppers who want to break away from Jersey City, Staten Island, or even Manhattan, to get their shopping done,” Richard Birdoff, principal and president of RD Management, said. “This is the first Costco in the Jersey City-Bayonne area; not only will it attract more consumers to the region, but it will simplify shopping for area residents and travelers in need of anything from grocery to furniture items or even a quick stop to fill up their car at the 18-pump Costco Gasoline gas station. This wholesale retailer is the perfect anchor for Harbor View Marketplace, and we wish nothing but success for Costco and the future development of the center into a complete live-work-play community.”
Read more from ROI-NJ on Costco:
- Costco deal could prove tax windfall for Bayonne
