A redevelopment project that has been in the making for nine years is finally beginning to take shape in Bayonne.
Kaplan Companies plans to build more than 1,200 residential units, recreational facilities and other amenities on the long-dormant former Texaco site in the southwest section of Bayonne.
The price tag for the Promenade at Bayonne, which received city Planning Board approval in May, is estimated at roughly $500 million.
Bayonne City Council members are expected to introduce a redevelopment plan for the 71-acre site — which has been vacant since Texaco halted its storage and refinery operations there in the late 1980s — at tomorrow’s City Council meeting.
Kaplan was designated as the developer for the site in 2006, and company president Jason Kaplan has said in the past the project could take 10 to 12 years to complete.
The ground at the former site of the Texaco Chevron plant is currently being raised 6 to 10 feet to begin construction, according to Rob Wondolowski, director of Bayonne’s Municipal Services.
The current development plan calls for the 71 acres to be broken up into three parcels and the construction to be completed over a number of phases.
During phase one, two housing complexes would be built with a total of 300 units, Wondolowski said. The plan calls for ballparks and a public park to be built as well.
While an industrial pier was initially planned for the area, a recreational pier is likely to be built in its place. A ferry is also in the plan, but it has not been decided where the landing would be placed.
The ground is expected to be completely raised by spring and construction will likely begin by next summer, Wondolowski said.
Renderings of the proposal and be seen on the website of the architect for the project, Minno and Wasko.