Shoppes at Vermella Union - LoopNet · Shoppes at Vermella Union 1011 MORRIS AVENUE AT GREEN LANE...
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SEEKING FULL SERVICE RESTAURANT FOR END CAP WITH PATIO (LL ACQUIRED LIQUOR LICENSE) Shoppes at Vermella Union 1011 MORRIS AVENUE AT GREEN LANE UNION, NEW JERSEY MIXED USE/RETAIL/RESIDENTIAL DEVELOPMENT MORRIS AVENUE Under Construction - Delivery Spring 2019
Transcript of Shoppes at Vermella Union - LoopNet · Shoppes at Vermella Union 1011 MORRIS AVENUE AT GREEN LANE...
SEEKING FULL SERVICE RESTAURANT FOR END CAP WITH PATIO (LL ACQUIRED LIQUOR LICENSE)
Shoppes at Vermella Union1 0 1 1 M O R R I S A V E N U E A T G R E E N L A N E
U N I O N , N E W J E R S E Y
M I X E D U S E / R E T A I L / R E S I D E N T I A L D E V E L O P M E N T
MO
RRIS
AVEN
UE
Under Construction - Delivery Spring 2019
Shoppes at Vermella Union1 0 1 1 M O R R I S A V E N U E A T G R E E N L A N E
U N I O N , N E W J E R S E Y
M I X E D U S E / R E T A I L / R E S I D E N T I A L D E V E L O P M E N T
Retail Space 1,500 - 16,085 sf (Endcap restaurant space with patio)
Asking Rent Upon Request
NNN $8.75
Parking 236 retail parking spaces
Pylon & Building Signage Yes
Residential Units 1,264 units on site
Kean University 16,000 students & faculty
Studio 4771 BR 6072 BR 1803 BR 0Total 1264Studio Percentage 38%1 BR Percentage 48%2 BR Percentage 14%
Retail Delivery Spring 2019
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exceptional market
2MILE RADIUS
Residential Population141,222
Employee Population47,219
Student Population15,221
Households49,110
nj transit union station kean university - green lane academic building
kean university - business school rendering(2020 completion)
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Hillside High School818 students
Albert Einsten School793 students
Dr. Orlando Edreira Academy502 students
MAIN CAMPUS
EAST CAMPUS
LIBERTY CAMPUS
New RetailDevelopment
1 mile24,061 pop.
MORRIS AVENUE
MO
RRIS AVENUE
NJ Transit to Hoboken/ NY Penn Station
N
UNION PLAZA SHOPPING CENTER
25,264 AADT
Facts & FiguresTOTAL STUDENT
POPULATION15,221
ON-CAMPUSRESIDENTS
1,728
TOTAL FULL-TIME FACULTY
352ADJUNCTFACULTY
953
Mid-Level Aerial
4
1.55 miles to GSP
MORRIS AVENUE
27,312 VPD
MORRIS AVENUE
LEHIGH AVENUE
RARITAN VALLEY LINE
Kean University: Business School
Coming Soon(2020 completion)
New JerseyCenter for Science,
Technology andMathematics Nathan Weiss
Graduate College
MironStudentCenter
WilkinsTheatre
Vaughn-EamesHall
North AvenueAcademicBuilding
NORTH AVENUE
DownsHall
Nancy ThompsonLibrary
WillisHall
HutchinsonHall
ScienceBuilding
BruceHall
TownshendHall
AdministrationBuilding
TechnologyBuilding
Maxine & Jack Lane Center for Academic
Success
UpperclassmanResidence
HallFreshmanResidence
Hall
BartlettHall
SozioHall Rogers
Hall
BurchHall
DougallHall Whiteman
Hall
Receiving/DeliveriesFacilities
CougarHall
HarwoodArena
D’AngelaGymnasium
AlumniStadium
Jim Hynes ‘63Stadium
TennisCourts
KeanHall
TownleyHouse
Green LaneAcademicBuilding
EnlowRecital Hall
Alumni House
Liberty HallAcademic Center
Liberty HallMansion
CarriageHouse
Elizabethtown GasBuilding
COLONIA
L AVENUE
N
Low-Level Aerial
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Kean University - Green Lane Academic Building
Union Station
AVE Union Luxury Apartments
MORRIS AVENUE
Leasing Office& Amenities
Clubhouse & Pool
27,312 VPD
Conceptual Site Plan
Kean University: Business School
Coming Soon(2020 completion)
Retail Pylon Sign
E1 & E2AffordableHousing
Dog Run
Loading Zone & Shuttle Stop
A
C
E1 E2
D
B2
B3
FutureDevelopment
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Retail
368
Uni
ts
44 U
nits
44 Units
448
Uni
ts44
8 U
nits
Conceptual Retail Site Plan
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LEASE LEGEND
SPACE # USE SF
B1 4,276
TOTAL (BUILDING B1) 4,276
B2A AVAILABLE 2,122
B2B AVAILABLE 2,284
B2C AVAILABLE 1,533
B2D AVAILABLE 1,535
B2E 1,800
B2F AVAILABLE 2,321
B2G AVAILABLE 4,433
TOTAL (BUILDING B) 16,085
B3A 2,228
B3B AVAILABLE 2,056
B3C ITALIAN RESTAURANT
1,919
B3D AVAILABLE 1,659
B3E AVAILABLE 1,211
B3F AVAILABLE 2,898
B3G 2,509
TOTAL (BUILDING C) 14,562
PATIO
IN LEASE
IN LEASE
IN LEASE
DEMOGRAPHICS1 mile radius 2 mile radius 3 mile radius
Population
2018 Estimated Population 24,061 141,222 302,689
2023 Projected Population 24,522 144,791 311,1142010 Census Population 23,076 136,108 290,050
2000 Census Population 22,616 136,798 288,888
2018 Median Age 37.2 36.9 36
Households2018 Estimated Households 7,611 49,110 105,1362023 Projected Households 7,834 50,973 109,368
2010 Census Households 7,374 47,666 100,7622000 Census Households 7,480 48,013 100,767
Projected Annual Growth 2018 to 2023 0.6% 0.8% 0.8%
Historical Annual Growth 2000 to 2018 0.1% 0.1% 0.2%
Race2018 Estimated White 55.9% 47.2% 39.5%
2018 Estimated Black or African American 25.8% 33.5% 42.7%2018 Estimated American Indian & Native Alaskan 0.2% 0.4% 0.4%
2017 Estimated Asian & Pacific Islander 7.4% 5.2% 4.2%2018 Estimated Other Races 10.7% 13.7% 13.2%
2018 Estimated Hispanic 28.2% 38.0% 34.5%
Income2018 Estimated Average Household Income $101,396 $77,501 $71,2072018 Estimated Median Household Income $83,243 $61,966 $57,326
2018 Estimated Per Capita Income $32,201 $27,105 $24,881
Education (Age 25+)2018 High School Graduate 32.7% 35.2% 35.2%
2018 Some College 19.1% 19.9% 20.3%2018 Associates Degree Only 4.9% 5.7% 6.1%2018 Bachelors Degree Only 20.0% 14.6% 13.7%
2018 Graduate Degree 9.2% 7.2% 6.4%
Business/Daytime2018 Estimated Number of Businesses 649 4,371 10,001
2018 Estimated Total Number of Employees 7,267 47,219 116,864
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Whether it is financial services, high end designers, new retail concepts, big boxes or major owners and developers,
Ripco can implement storefront strategies. We understand retail real estate in New Jersey has an intrinsic value and
we can help in ascertaining that worth for both retailers and developers.
Please visit us at www.ripconj.com for more information.
Licensed Real Estate Broker.All information is from sources deemed reliable and is submitted subject to errors, omissions, change of price, terms, rental prior sale and withdrawal notices.
Jake [email protected]
Curtis [email protected]
125 Chubb AvenueSuite 150 SLyndhurst, NJ 07071201.777.2300
EXCLUSIVE REPRESENTATION
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