by admin | Oct 30, 2019 | Uncategorized
Real Estate NJ – Joshua Burd A national fitness chain has leased 37,000 square feet at a planned high-end shopping center in Middletown, joining a roster that includes Wegmans and a dine-in movie theater. The landlord, National Realty & Development Corp., announced Monday that 24 Hour Fitness has committed to what will be known as The Shoppes at Middletown. With construction set to begin next spring, the developer has now leased more than 230,000 square feet at the property, which will be located on Route 35 at the intersection of Kings Highway East. Wegmans and CMX Cinemas will anchor the 340,000-square-foot complex. “We have always envisioned The Shoppes at Middletown to house a diverse roster of offerings that will significantly enhance the local retail environment and provide a downtown gathering place,” said John G. Orrico, president at NRDC. “A five-star fitness company such as 24 Hour Fitness will bring an exciting energy that has been missing from this part of the Route 35 corridor, and will serve as the perfect complement to Wegmans, CMX Cinemas and the lively, walkable atmosphere that will begin to emerge next year.” Pierson Commercial’s Ryan Starkman and Jason Pierson represented 24 Hour Fitness. Plans call for a town center-style development that will offer a blend of grocery, recreation, fitness, specialty boutiques and restaurants with outdoor dining, NRDC said. Other tenants such as Pet Supplies Plus, a liquor store offering wine and liquor tasting events and Nails Spa & Beyond, a high-end, full-service spa and salon with four New Jersey locations, have also joined the center. The new Wegmans store will feature a European open-air...
by admin | Oct 30, 2019 | Uncategorized
Asbury Park Press- David P. Willis MIDDLETOWN – Fitness chain 24 Hour Fitness will join Wegmans at the Shoppes at Middletown, a large shopping center on Route 35 that will begin construction next spring. National Realty & Development Corp. said 24 Hour Fitness has signed a lease for 37,000 square feet. It has become the latest retailer to join the 340,000-square-foot town center on Route 35 at the intersection of Kings Highway East. Middletown planners approved the Shoppes at Middletown earlier this past summer. NRDC said the center will blend grocery, recreation, fitness, specialty boutique and restaurants with outdoor dining. Construction will commence in the spring of 2020, the developer said. The developer has leased more than 230,000 sq ft already signing Wegmans and CMX Cinemas as anchor tenants. Other tenants so far include Pets Supplies Plus, Circus Wines, Beer and Spirits, and Nails Spa & Beyond. “We have always envisioned The Shoppes at Middletown to house a diverse roster of offerings that will significantly enhance the local retail environment and provide a downtown gathering place,” said John G. Orrico, president at NRDC, in a statement. “A five-star fitness company such as 24 Hour Fitness will bring an exciting energy that has been missing from this part of the Route 35 corridor, and will serve as the perfect complement to Wegmans, CMX Cinemas, and the lively, walkable atmosphere that will begin to emerge next year.” This will be the first 24 Hour Fitness location in Monmouth County. The chain has 11 locations in New Jersey....
by admin | Jun 16, 2017 | Articles
Steve Lubetkin – Globest.com MIDDLETOWN, NJ- National Realty is developing The Shoppes at Middletown retail center, anchored by a Wegman’s store, but designed as a destination location, according to John Orrico, president of National Realty, who spoke exclusively with GlobeSt.com. A 340,000 square foot experiential retail destination is being planned for a former grocery store site in this Monmouth County community that is famous for its iconic “Calico the Clown” sign marking Food Circus, a once-popular grocery store. National Realty & Development’s Village 35 entity is developing The Shoppes at Middletown retail center, anchored by a Wegman’s store, but designed as a destination location with substantial green space, walkways, common areas, and an array of dining experiences, according to John Orrico, president of National Realty, who spoke exclusively with GlobeSt.com. “We have a commitment from Wegman’s for a 130,000 square-foot store, and a commitment from CMX Cinem a for a 26,000 square-foot store, and we are in the process of going through the entitlements for that project,” Orrico says. NJDEP has already approved the project, and NJDOT has given concept plan approvals, and actual plans are being finished for NJDOT. Full approvals from NJDOT for the realignment of jughandles and roadways are expected in the next two months or so, he says. “Usually, you’re not that far ahead on those two components when you’re at this stage of the entitlement process,” Orrico says. The location is part of a 170-acre tract assembled by Monmouth County’s Azzolina family. National Realty has acquired the front 50 acres of the property for the retail center, and a home developer is planning housing...
by admin | May 15, 2017 | Articles
Two River Times – Jay Cook May 14, 2017 MIDDLETOWN – A sprawling, untouched parcel of land in Middletown has been the center of conversation over planned development versus conservation for nearly two decades. Whether Route 35 is the way home or the fastest road to the Garden State Parkway, it now seems that Calico the Clown – Middletown’s iconic landmark – is pointing his red-tipped finger toward what could be one of the local area’s largest new developments. “We are trying to build something that blends with the environment and the community, and also something that the community can be proud of,” said John Orrico, president of National Realty & Development Corp. (NRDC) of Purchase, New York. Last week, Orrico met with The Two River Times for an exclusive interview about the status of Village 35, L.P, an entity of NRDC, which is developing the yet-to-be-approved $70- to $80-million commercial project. GETTING INVOLVED Orrico hopes to develop commercial property on 52 of the 119 acres along Route 35 North from Kanes Lane to Kings Highway East, which spans about a half mile. It’s been on the drafting table for years. In 2013, NRDC was approached by Mountain Hill, LLC – the Azzolina-Scaduto family partnership that owns the land – to build the town center they envisioned after a deal with unnamed developer fell through. According to Orrico, that deal called for 460,000 square feet of retail with highway flyovers from each side of Route 35 into the development. He said that project “would never get approved and was too much development for the area.” Two years later, NRDC...
by admin | May 10, 2017 | Announcement
156,530 square feet of new retail and entertainment space leased in Middletown, New Jersey National Realty & Development Corp., (NRDC), recently announced it has signed its first anchor tenants at their newest development, The Shoppes at Middletown, in Middletown, NJ. Wegmans Food Markets (130,000sf) and CMX, The VIP Cinema Experience (26,530sf) will join the 340,000 square foot town center. The Shoppes at Middletown will offer a blend of national, regional and local specialty retailers and restaurants with open café space. The project will be located on Route 35 at the intersection of Kings Highway East in eastern Monmouth County. The new Wegmans stores feature a European open air café concept that include displays of fresh produce, meats, fresh-caught seafood, deli products, international foods, plus all the grocery and household items usually found in a supermarket. Currently, Wegmans operates only 7 other locations in NJ and for the 20th Year in a Row Fortune Names Wegmans as “Fortune’s 100 Best Companies to Work For,” with a #2 ranking in 2017. CMX, The VIP Cinema Experience will feature 6 screens with oversized reclining seats, in-seat as well as Grab & Go gourmet dining options and an exceptional assortment of wines and handcrafted cocktails. The theater’s outdoor seating area will complement the center’s overall outdoor dining concept. “This is not your ordinary shopping center. The Shoppes at Middletown will greatly enhance the retail environment along this part of the Route 35 in keeping with the charm of the community,” said John G. Orrico, President at NRDC. “We are completely reimagining the shopping, dining and entertainment experience by providing a lively walk-able...
by Donna Justo | May 7, 2015 | Articles
Chain Store Age, April 30, 2015 – The Shoppes at Middletown brings specialty retail and dining to affluent eastern Monmouth County. A unique new shopping center is being designed to bring boutique and specialty retail and dining options to eastern Monmouth County in Central New Jersey. The Shoppes at Middletown, at 380,000 sq. ft., will emerge as a premier town center development when it opens in 2017. The project will be developed on 50 acres of the overall 120-acre project, and will feature 2,200 ft. of frontage on Route 35, the area’s major north-south corridor. Current committed anchors include a high-end specialty grocer and a specialty wine and liquor store offering wine-tasting seminars and programs for wine enthusiasts. Discussions are ongoing with other apparel anchors for the project. “This is a unique area of New Jersey,” said John Orrico, president of National Realty & Development Corp. (NRDC), the developer. “Eastern Monmouth County is home to very affluent bedroom communities. Within 7 miles of The Shoppes at Middletown, 70% of the 211,808 residents hold professional positions. The average household income in the area is more than $130,000 a year.” Eastern Monmouth County residents currently travel to the Short Hills Mall or New York City for high-end specialty shopping, continued Orrico. Through The Shoppes at Middletown, NRDC aims to provide a local alternative. Abutting The Shoppes at Middletown will be a 350-unit housing development. The residential project will connect to the retail center with pedestrian-friendly walkways and roadways. The retail design will feature individual storefronts, each with a separate identity. Units will range from 1,000 sq. ft. up to 70,000 sq....
