140,000 square feet of retail space planned for a mixed-use property on a 64-acre property
November 11, 2021
Accurate Builders & Developers, in partnership with DeVimy Equities, has begun construction of Morris Marketplace, a new shopping destination on East Hanover Avenue in Morris Township. The site of the former Colgate-Palmolive corporate campus, Morris Marketplace, will include 140,000 square feet of retail space and a range of community-driven attractions and features that seek to reimagine and redefine what that a suburban retail center can be.
According to Jack Klugmann, president and CEO of Accurate Builders & Developers, construction work on the property has recently been completed, paving the way for the start of vertical construction. Construction is expected to be completed in Q4 2022, when the space will be turned over to retail suppliers to build.
More than a dozen tenants have already signed leases for Morris Marketplace, including Lidl Grocery, Starbucks, AT&T, Orangetheory Fitness, & Pizza, Restore Wellness and Cryotherapy, and a variety of restaurants, shops and service businesses.
“There is a lot to look forward to at the Morris Marketplace,” Klugmann said. “This is a well-designed property in a well-populated, high-income area that has the potential to be a true community destination and a model for future commercial developments. We are delighted to announce that construction is underway and look forward to working closely with Morris Township and our partners to realize our collective vision.
Accurate has partnered with DeVimy Equities to develop Morris Marketplace. The 20-acre property is part of a larger 64-acre development spanning Morris Township and part of Morristown, across from Mennen Sports Arena, which will eventually include townhouses and rental units to complement the retail business.
Interactive children’s play areas, pocket parks, wading pools, seating, outdoor dining areas and other active and passive recreation spaces are all built into the market design. These outdoor attractions will give the property a sense of place, serve as amenities for the local community, and provide a destination experience, not just a shopping experience. The downtown atmosphere will promote more daily use of the property and increase foot traffic, to the benefit of commercial tenants in the market.
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