WOODBRIDGE, NJ—Onyx Equities has unveiled a multi-million-dollar renovation plan for Woodbridge Crossing, a 285,000-square-foot retail power center at 475 Green Street, adjacent to Woodbridge Mall, at the intersection of Routes 1 and 9 in Woodbridge, NJ.
In October 2017, Onyx began a repositioning program to revitalize the center, which is in the historically hard-to-enter Woodbridge/Edison Route 1 retail corridor. Ownership is addressing several conditions to improve the tenant and customer experience at the center.
“Initial phases of the renovation include a complete overhaul of the parking deck; installation of new, highly visible, lit pylon signs at the center’s Route 1, Green Street, and Quality Way entrances; creation of internal directional signage; full site lighting LED conversion; and extensive façade restorations,” says Matthew P. Flath, Onyx vice president of retail leasing.
Later phases will include adding more 40 new parking spaces in the property’s central parking field.
“Woodbridge Crossing has experienced significant leasing activity over the past 12 months,” Flath says. “Our ongoing capital improvements to increase brand visibility and improve consumer experience will perpetuate that momentum and lead to greater demand from retailers who would like to join anchor tenants Burlington Coat Factory and Big Lots.”
Onyx and its exclusive leasing agent, Sabre Real Estate Group, also have completed 65,000 square feet in new leases at Woodbridge Crossing, including a 42,508-square-foot lease with indoor entertainment company Altitude Trampoline Park, and a 20,800-square-foot lease with Planet Fitness. Miracle Ear took the remaining 1,982-square-foot unit within the now fully leased pad building. In the past 12 months, tenants, including Thomasville Furniture, Modell’s, Party City and Sprint, have renewed 42,000 square feet of space..