The Congoleum factory in Hamilton, New Jersey has sat empty since the company vacated it in late 2014, but a new owner has emerged and has plans to clean up the contaminated site and redevelop it.
Commercial Development Company Inc., a leading North American commercial real estate and brownfield redevelopment company, closed on the 65-acre site Dec. 22, 2015, the company announced January 12, 2016.
Congoleum, which manufactures, cuts and distributes vinyl flooring materials, wanted to consolidate its operations and in October 2014, closed the 1 million-square-foot plant on Sloan Avenue and laid off 65 employees.
Decades of manufacturing resulted in environmental contamination, which prohibited a traditional real estate transaction, CDC said.
The plant is the lone industrial building in an area that the township has long hoped would become a cultural destination.
Redeveloping the site into a hotel or transit village has been its desires since the layoffs were first reported.