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Phased Development Will Add Mixed-Use Adjacent to Monmouth Park Racetrack
Morris Bailey, chairman of JEMB Realty as well as Resorts Casino in Atlantic City, has begun the design and development process on a phased mixed-use community on 80 acres adjacent to Monmouth Park Racetrack in Oceanport, NJ. Plans call for apartments, a 200-key hotel, retail, entertainment and youth sports facilities.
The first phase of the $200-million project, to be developed in partnership with the State of New Jersey and Dennis Drazin’s Darby Development LLC, is slated to break ground in the fourth quarter of 2025.
“We are embarking on the next phase of a journey that began over a decade ago when we developed plans to reimagine and reinvent the Monmouth Park experience that has brought so much joy to generations of horse racing enthusiasts,” said Bailey. “After an intensive, complex, and lengthy process, our plans will create a vibrant lifestyle destination for future generations and will put the racetrack on a trajectory for enormous growth.”
- ◦Development