SOUTH AMBOY—An Ocean Township-based real estate development company was recently named redeveloper for 50 acres of the South Amboy waterfront.
The site, which is currently owned by Reliant Energy, has significant soil and water contamination. While four outdated oil fired power generators continue to operate on site, the Werner power plant has been decommissioned for about 15 years.
Matzel Development at South Amboy, LLC introduced a mixed use proposal that aims to revitalize and remediate the old site and its decommissioned power plant. The proposal will replace the existing power generating facilities with a state-of-the-art natural gas fired power generation facility, coupled with an office park, marina and luxury commuter-oriented housing.
“Selecting the right company to implement the Reliant Energy power plant site redevelopment – one of the largest areas of South Amboy’s Redevelopment Plan – was a challenge, but one we believe we’ve met by choosing such an experienced and respected redevelopment team as Matzel Development,” explained South Amboy Mayor John T. O’Leary. “When complete, this project will not only bring more tax ratables and create new employment opportunities, but it will ultimately contribute to improving the quality of lifestyle for our residents,” O’Leary said.
“We look forward to working closely with the City of South Amboy in planning and implementing a successful redevelopment project for the former Reliant Energy power plant,” said Greg Matzel, president of Matzel Development on behalf of the redevelopment team. “This is a great opportunity, and we are very excited to be part of South Amboy’s ongoing renaissance.”
Matzel continued, “Our goal is to create an economic core that will help support the City of South Amboy, its residents and businesses, including the new ferry service to New York City. Designed to complement the new Ferry Terminal, the office park will be marketed as satellite offices for New York City based companies, bringing many new jobs to the city and millions of dollars in tax ratables.”
“Luxury housing will be designed and marketed to commuters, looking to take advantage of the new ferry services. In addition, we will assist the city in expanding its waterfront Boardwalk and park system and revitalizing one of the last large waterfront parcels. Furthermore, with the help of the city and the State of New Jersey, we will endeavor to remediate the environmental contamination that has occurred under prior owners,” Matzel concluded.
Matzel Development President Greg Matzel (left) and South Amboy Mayor John T. O’Leary pose showing the redevelopment site of the old decommissioned power plant in the background.
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