NJ's $2.9 Billion Development Signs First Tenant

Bass Pro Shops signs letter of intent to lease 200,000 sq. ft. of The Point

Bass Pro Shops, the Springfield, Mo.-based outdoor retailer, has signed a letter of intent to lease 200,000 square feet of space at the giant mixed-use project in Sayreville, N.J., known as the Point. 

The Bass Pro lease could be the first substantial steps forward on the $2.9 billion, 453-acre venture that is planned to include 2,000 residences, 650,000 square feet of office space, two marinas and seven hotels. Developers hope to begin construction next spring. If the lease is finalized, Bass Pro would anchor the Point's first phase, which will include about 625,000 square feet of retail.

(More on construction of The Point . . . )