May 24, 2017 Comments Off on Kushner, Rouse Form JV for NJ Mall Redev Views: 633 National News, New Jersey, Northeast

Kushner, Rouse Form JV for NJ Mall Redev

Kushner Companies formed a joint-venture with Rouse Properties to redevelop The Heights at Monmouth as a 1.5 million-square-foot, mixed-use destination in Eatontown, NJ. The New York-based partners envision transforming the existing Monmouth Mall with new shopping, dining, entertainment, leisure and daily-use providers, as well as residential space.

Kushner’s Laurent Morali said, “This long-term investment in Eatontown will transform Monmouth Mall into a 24/7 attraction unlike any other in the state.”

An indoor culinary marketplace, called Culinary Heights, will feature a range of food providers, including upscale restaurants, unique themed eateries, wine bars and tea boutiques. Other enhancements include a public facing town square, new streetscapes, new entrances, as well as landscaped paths, terraces, water features, seating venues and meeting spots.

Construction is expected to launch in 2018. Kushner Cos. became the sole owner of the mall after purchasing Vornado Realty Trust’s 50% interest in the summer of 2015.

Read more at Business Wire

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