Right off the New Jersey Parkway, and just south of Staten Island, sits 440 acres of Sayreville, New Jersey land that once was contaminated by the National Lead company, a paint manufacturing operation.
After an multi-million dollar clean-up that included injecting 38,000 tons of cement into a lagoon on the site to add ground stability, O’Neill Properties, based in King of Prussia, Pennsylvania, has officially broken ground on its 5.8 million square foot project called The Pointe.
O’Neill Properties specializes in brownfield redevelopment and purchased the site for $80 million in 2008 with an eye towards developing unused land that was in a perfect location for residential, retail and commercial businesses.
Remediation meant cleaning up the brownfield location. This is now the largest and most intensive chemically-contaminated site remediation project in the United States. About 10,000 new jobs are expected to be created by the project.
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