Morris Bailey plans a $200M mixed-use development near Monmouth Park Racetrack, Oceanport, NJ, involving a residential building, hotel, sports center, and entertainment options.
Morris Bailey, chairman of JEMB Realty, plans a $200M mixed-use development on 80 acres near Monmouth Park Racetrack, Oceanport, NJ. The phased project, set to break ground Q4 2025, involves a 298-unit residential building, 200-key hotel, youth sports center, and various entertainment options. The collaboration with the State of NJ and Darby Development LLC aims to revitalize underused areas and create a year-round destination.
August 29, 2024
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