JEMB Realty and Resorts Casino in Atlantic City have begun the design and development process for a mixed-use community on 80 acres adjacent to Monmouth Park Racetrack in Oceanport, New Jersey.
The first phase of this project, to be developed in partnership with the State of New Jersey and Dennis Drazin’s Darby Development LLC, is slated to break ground in the fourth quarter of 2025. Plans for the 80-acre site include the phased development of a 298-unit residential building, a 200-key hotel, and a youth sports community center. The developers are also considering the possibility of adding music venues and experiential retail components to the site.
“We are embarking on the next phase of a journey that began over a decade ago when we developed plans to reimagine and reinvent the Monmouth Park experience that has brought so much joy to generations of horse racing enthusiasts,” said Morris Bailey, chairman of JEMB Realty. “We have always been staunch advocates for returning the area to its rightful place as the premier destination for horse racing and family entertainment while including important components that serve the community at large. After an intensive, complex, and lengthy process, our plans will create a vibrant lifestyle destination for future generations and will put the racetrack on a trajectory for enormous growth.”
Photo: Artist’s rendering of the proposed development
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