Kearny Point Receives Smart Growth Award From NJ Future

4/7/17

Owner Hugo Neu recognized for transformative, large-scale redevelopment that promotes economic opportunity, sustainability, and responsible development

Hugo Neu today announced that it has received a Smart Growth Award from New Jersey Future for its transformative redevelopment initiative, Kearny Point. The project will be formally recognized at the Smart Growth Awards ceremony in Newark on June 7.

Kearny Point is the innovative three-million-square-foot redevelopment of the historic Kearny shipyard,now reborn as a modern workplace home to a diverse community of pioneering businesses. The complex is located less than five miles from Manhattan and within minutes of the PATH at Journal Square, Newark Penn Station, the Meadowlands, and the Frank R. Lautenberg train station in Secaucus.

New Jersey Future’s Smart Growth Awards honor projects that promote land-use policies which help revitalize cities and towns, protect natural lands, provide robust transportation access, expand access to safe and affordable neighborhoods, and fuel a prosperous economy.The adaptive reuse efforts at Kearny Point, which have been underway for little over a year, have already emerged a model for socially, economically, and environmentally conscious development.

“This recognition is much more than an award. It’s an affirmation of Kearny Point’s bold mission to create a thriving business community with an emphasis on environmental protection, historic preservation,and expanding economic opportunity,” said Wendy Neu, CEO at Hugo Neu. “As Kearny Point continues to evolve, we will continue to implement these responsible development practices, and we value the support of organizations like New Jersey Future throughout this process.”

Added Kearny Mayor Alberto Santos: “Kearny Point has a long history of fueling job creation in the region – during wartime, as a shipmaking facility, and in today's economy, as an emerging hub for creative businesses. Hugo Neu's thoughtful redevelopment plan for this site is truly revitalizing this site, and I'm excited for what the future has to hold for Kearny Point.”

The creative ‘flex’ office space at Kearny Point’s Building 78, the first building to be redeveloped under Hugo Neu’s ambitious, multiphase redevelopment plan, is already home to nearly 100 creators and innovators – from craft-food artisans to tech trendsetters to filmmakers. The collaborative work environment offers a variety of flexible office spaces, pre-furnished team offices, and a co-working facility known as Kearny Works.The building is also home to a 5,000-square-foot roof deck and lounge, along with a 3,000-square-foot indoor event space, managed by JPO Concepts.

This year, Hugo Neu will embark on the second phase of Kearny Point, which includes the redevelopment of Building 100, one of several former craneway buildings on the site. The building will be transformed into a technologically advanced creative office environment geared toward larger companies.Building 100 will be complemented by over 25 acres of new open and civic space, including restored native habitat, a continuous waterfront promenade, and a living shoreline.Hugo Neu has brought on a world-class New York-New Jersey brokerage team from Cushman & Wakefield – led by Executive Director Mitch Arkin and Associate Director Dan Johnsen – to market the space to office users.

Kearny Point’s master plan, conceived in partnership with STUDIOS Architecture and WXY architecture + design, calls for high efficiency building systems, solar and wind energy, and a multi-modal “complete streets” strategy.As part of its plan, the project will implementadditional green infrastructure measures, includinggreen roofs/blue roofs, naturalized detention basins, bio-swales and the removalof impermeable surfaces throughout the site, replacing them with a variety of permeable surfaces limiting run-off into the Hackensack River.

More about Kearny Point

During World War I and II, Kearny Point was once one of the world’s most prolific shipyards when it operated as the Federal Shipbuilding and Dry Dock Company, where as many as 30,000 people came to work each day. Today,Hugo Neu is transforming the 130-acre industrial complex into a new mixed-use waterfront destination– one that embraces the site’s historyand provides opportunities for the businesses of the new economy. Its renewed work environment is situated only minutes from Manhattan, but comes at a fraction of the cost of leasing in New York City, Newark, Hoboken or Jersey City.

In total, the Kearny Point project will reactivate more than three million square feet of industrial space for more than 5,000 jobs, making it one of the largest and most economically significant redevelopments in the region. In subsequent phases, Kearny Point will include a host of indoor/outdoor common areas, including a living shoreline and public waterfront promenade and a restored marina.

The complex offers a host of unique features, including dedicated trailer-loading area for ground-floor shipping and receiving, two passenger freight elevators, and high-speed Wi-Fi and phone capabilities. Kearny Point is also a pet-friendly community, a policy that complements its friendly, relaxed atmosphere.

For more information, please visit www.kearnypoint.com

About Hugo Neu

Hugo Neu, a recognized global leader in recycling, is the owner and redeveloper of Kearny Point. Founded in 1947, the company advances its mission by investing in environmental, real estate, and non-profit enterprises that support economic, social, and environmental justice and sustainability. Hugo Neu is a private independent company that is using its unique capital strength to execute its long-term vision for the commercial and ecological rebirth of Kearny Point.

For more information, please visit www.hugoneu.com

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