gsp march 18 2001

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For firaicL dafil is ddu dteMs ":;; V f ' ft " i -' ': 'IV lv i . 1 1 V TINA MARKOE KINSLOWCouner-Post KINSLOWCouner-Post KINSLOWCouner-Post Dennis Maloomian, president of Berwyn, Pa.-based Pa.-based Pa.-based Realen Properties, speaks at a Cherry Hill Development Council-sponsored Council-sponsored Council-sponsored meeting on Wednesday about his firm's plans to develop the track. 'Businesses locate their offices according to where people live,' he says. i Ideas abound for development of Garden State Park By EILEEN SMITH Courier-Post Courier-Post Courier-Post Staff CHERRY HILL In this suburb of housing housing developments and shopping centers, Garden State Park is the last frontier. frontier. Under a newly released master plan, the track's 223 verdant acres would become become 1 million square feet of office space, 500,000 square feet of retail shops and 1,500 townhouses and condominiums. As yet uncounted are the numerous tweaks Mayor Mayor Susan Bass Levin said to expect before and after the first shovel of earth is turned. "There's still a lot of work to be done," she said. "The devil is in the details." details." Devil's advocates are already already emerging, saying the land would be better used as a sprawling technology complex or perhaps a town center. Long before the $500 million plan was presented Wednesday, residents offered offered their input both formally at township brainstorming sessions and informally, as in the passerby who called out to Levin, "Can we have a Starbucks?" Originally, the developers' developers' plan for the new Garden Garden State Park contained eight big-box big-box big-box stores fronting fronting Route 70 and far less ri e r PosTon 1 i ryi . com Read this story and other special features on our Web site. h 'i I ' . 9 srTT... " - v,, S. I ll'l. Courier-Post Courier-Post Courier-Post file photo With some careful planning and a few breaks, developers believe the Garden State Park grandstand (pictured) could fall before the year is out. open space than the 75 acres in the current design. : "We said,. 'No, start again,' " Levin recalled. In addition to woodland trails and communal greens, the current configuration configuration clusters smaller, boutique-sized boutique-sized boutique-sized shops nearest nearest the highway, with a trio of big boxes in the back. No retailers have been signed as yet, but Levin has her wish list and there aren't any discount department stores on it "I'd love a Borders or a Barnes & Noble," she said. "Pottery Barn or Crate & Barrel." Both Levin and the primary primary developer, Berwyn, Pa.-based Pa.-based Pa.-based Realen Properties, Properties, believe the site also should include office space and high-density high-density high-density residences. residences. "Markets follow the rooftops," said Dennis Maloomian, Maloomian, president of Realen, Realen, which is teaming with Turnberry Associates of Aventura, Fla., for the project "Businesses locate their offices according to where people live." Class A or top of the line space is scarce in Cherry Hill, prompting a flurry of building in townships townships such as Mount Laurel Laurel and Moorestown. Even the 70,000 square feet of Class B offices that became available when GE Capital Mortgage began vacating 3 Executive Campus on Cuthbert Boulevard were immediately snapped up by Comcast Marcus A. Policarpo, vice president of the commercial commercial brokerage Bins-wanger, Bins-wanger, Bins-wanger, said the existing NJ Transit station at Garden Garden State will entice companies companies with Philadelphia-based Philadelphia-based Philadelphia-based work forces to set up shop there. "Leases in South Jersey are at least $5 a square foot cheaper than in, say, Con-shohocken," Con-shohocken," Con-shohocken," he said. "That makes it even more attractive." attractive." The game plan at Garden Garden State is to build office space to suit tenants, rather rather than on speculation. "This is a plan that will take years to complete," See TRACK, Page6D

Clipped from
  1. Courier-Post,
  2. 18 Mar 2001, Sun,
  3. Page 77

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  • gsp march 18 2001

    j_phl – 19 Jun 2017

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