A project by Stonemont Financial Group and HB Warehousing would bring a 520,320-square-foot warehouse to a site on Old Waterworks Road. — Rendering courtesy: Stonemont
By Joshua Burd
A joint venture is crafting plans to bring more than 520,000 square feet of new warehouse space to Old Bridge, in a project that would add to a growing industrial corridor off Route 9.
The partners, Stonemont Financial Group and HB Warehousing, are working with design firm KSS on a facility that it says will blend with nearby residential neighborhoods. The development off Old Waterworks Road will also include a carefully designed buffer between the warehouse and surrounding homes, part of what’s known as the Runyon Redevelopment Area just west of Route 9.
Stonemont said it will present the project, part of a redevelopment plan approved and adopted June 2023, to the community in the coming weeks.
“This project presents a unique opportunity to turn once vacant land into something that benefits the whole community,” said Brian Danahy, vice president of development and acquisitions at Stonemont. “Working alongside HB Warehousing and KSS Architects, we’re focused on a design that reflects the character of the surrounding neighborhoods and Pine Barriers Region while also bringing jobs, increased tax revenue and long-term investment to Old Bridge. We are committed to listening to the community and will continue to prioritize keeping local residents informed throughout this process.”
The firm noted that the Runyon Redevelopment Area consists of 55 parcels in northwest Old Bridge. Officials have sought to revitalize the area for at least a decade, with the township council designating it in 2016 as a non-condemnation area in need of redevelopment.
The land includes a Superfund site that houses businesses still in operation that have essentially landlocked the redevelopment area until now, Stonemont said. Building the new 520,320-square-foot warehouse would create hundreds of jobs, the firm estimated, while it would continue turning the once-vacant land into a hub of successful industrial development.
It would also follow the high-profile development of what’s known as Central 9 Logistics Park, a new nine-building, 4.2 million-square-foot complex about three miles to the south.
