Developer also hires an elite new leasing firm.
By Barbara A. Preston | March 18, 2024
As previously reported by The Montgomery News, construction is underway at Montgomery Promenade, a 292,700-square-foot center on Route 206 in Skillman, just north of Princeton. The shopping center is expected to open in the fourth quarter of 2025.
SJC Ventures, a privately held, mixed-use commercial real estate and retail development firm based in Atlanta, announced two new tenants — Hair Cuttery and Woof Gang Bakery and Dog Grooming — in a press release on Monday, March 18.
AERIAL OF MONTGOMERY PROMENADE construction site on Route 206 in Skillman, just nort of Princeton Airport. Utility work will continue during the next three months. (Photo courtesy of SJC Ventures).
The new mixed-use center will be anchored by a Whole Foods Market grocery store and will be built in two phases. Other confirmed tenant leases include Ulta, Iron Whale, The Robinson Ale House, Dor L' Dor NYC, Turning Point Restaurants, More Than Q, European Wax Center, Spavia, and Norman’s Hallmark.
In addition, Philadelphia-based leasing firm MSC is taking over leasing for the remainder of the property.
“The MSC team is thrilled to help bring Montgomery Promenade to life,” said Douglas Green, principal at MSC. “This is an incredible opportunity to bring the best gourmet grocer in the country to [a] … market that has long experienced pent-up demand for premium retail. The daily-needs traffic created by Whole Foods Market, coupled with the surrounding affluent residential and unique market positioning, will create a highly desirable landing spot for many national and regional brands.”
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Currently on site, clearing has been completed and mass grading has begun. Grading and utility work will continue over the next two to three months to prepare the property for roads and infrastructure, according to Sean MacLaurin, senior vice president of development at SJC Ventures.
“It’s extremely satisfying to see this development get underway after working with community leaders and stakeholders for many years,” said MacLaurin. “After the initial site prep, we will be preparing for slab pouring and vertical construction while simultaneously working with the New Jersey Department of Transportation and Somerset County on the road improvements along CR- 518 and SR-206.”
SJC Ventures, an Atlanta-based commercial development firm, specializes in mixed-use communities and has developed similar projects throughout the eastern United States. The firm focuses on transforming urban core parcels into active centers that inject investment and spark engagement in their respective communities.
Montgomery Promenade will feature palisades for walking, dedicated open green spaces, outdoor dining and first-to-market restaurants. The developer is planning new infrastructure to promote walkability and support existing and new traffic patterns plus great amenities.
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A ceremonial ground-breaking took place in fall 2023 on the 54-acre site north of Princeton Airport. Construction began in February.
About SJC Ventures
Founded in 2007, SJC Ventures is a privately held, mixed-use commercial real estate and retail development firm. The company has acquired and developed more than 60 retail, mixed-use, multifamily and office projects throughout the continental U.S. The company is headquartered in Georgia. For more information, visit SJCVentures.com.
About MSC
Headquartered in Philadelphia, PA, with offices in Los Angeles and New York City, MSC is a full-service real estate advisory and brokerage firm specializing in retail leasing, investment sales, property management and consulting. With over 20 million square feet of exclusive listings throughout the region and 110 retailers exclusively represented, MSC has been the market leader in commercial real estate services throughout the Greater Philadelphia region for the past 35 years.
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