Last week, Lincoln Equities Group completed the final demolition required before the company begins the redevelopment of a 152.9-acre parcel on the former Military Ocean Terminal at Bayonne (MOTBY).
Lincoln acquired the property in June 2018 and since that time there has been ongoing demolition of 70-year-old, outdated, industrial structures and concrete foundations.
To commemorate the completion of demolition, the company released a video of the implosion of the last remaining smokestack and water tower.
With demolition now finished, the elevation of the site needs to be raised 6 feet to comply with post-Hurricane Sandy standards. This will require the importation of in excess of 1 million cubic yards of clean fill.
The redevelopment will bring 1.6 million square feet of industrial warehouse space and is expected to create 2,700 jobs. Its location on the peninsula provides 62.9 acres of riparian water rights, offering immediate maritime access to the Hudson River and the Newark Bay.
“The demand for industrial warehousing has never been greater, thanks to the rise of e-commerce and same-day delivery services,” said LEG President Joel Bergstein, who acquired the property earlier this year. “The new Lincoln Logistics Center will help meet that need. The underutilized site, which once held structurally unsound and functionally obsolete buildings, will become a bustling, portside commerce center for the 21st century.”
Construction is expected to last two years.
Bayonne’s long under-utilized MOTBY is finally seeing a spate of redevelopment that will transform the peninsula with a mix of new residential, commercial, and industrial uses. Earlier this year, ground broke on a mixed-use project that will bring a Costco along with 651 new residential units.
