Cameron Group LLC Power Center

Opening Fall 2008 ayonne Crossing B Bayonne, 350,000 sq. ft. power center ayonne Crossing B Bayonne, New Jersey 350,000 sq. ft. power center

• Anchored by Lowe’s Home Improvement • The Peninsula at Bayonne Harbor with 15,000 new residential units • Cape Liberty Cruise Port for Royal Caribbean International, providing access to 600,000 passengers a year • Bayonne Golf Club Memberships exceeding $150,000,000

Trade Area 5 Minutes 10 Minutes Population 100,501 476,716 # of Households 40,047 181,222

Average Household Income $62,533 $68,855

Major Employers: Best Foods, CasChem Inc., Exxon, IMTT, ICI of America and Coastal Oil

Bayonne Crossing is a Power Center located in densely populated Bayonne, New Jersey on Route 440. In an area where land for devel- opments is hard to come by, Bayonne Cross- ing will have a high demand with only about 400,000 square feet available to lease. It will be anchored by Lowe’s Home Improvement, New York Sports Club, and Circuit City. Cameron Group LLC

Transportation Options:

Hudson-Bergen Light Rail • The Hudson-Bergen Light Rail is the first modern light rail transportation system to be built in New Jersey in the last 50 years.

• The proposed 20.5 mile light rail system travels through the communities of Bayonne, Jersey City, Hoboken, Weehawken, West New York, North Bergen and Ridgefield.

• With a population of more than 600,000 and more than 104 different cultural groups, this is the most densely populated region in the State.

• Upon completion, the system will encompass 32 stations and five regional park-and-ride lots with a total of 7,000 spaces.

Bayonne Bridge • The spans the Kill Van Kull to link Bayonne, NJ with the Port Richmond area of Staten Island, NY.

• This benefits shoppers because of the Urban Redevelopment Zone’s tax benefits, 3% on hard goods and no tax on apparel.

• Entering New York, regular fare on the Bridge is $6, but through E-Z Pass, vehicles pay $2.50. In 2004, total traffic was in excess of 7.6 million vehicles.

ayonne Crossing B Bayonne, New Jersey 350,000 sq. ft. power

The Peninsula at Bayonne Harbor

The Peninsula at Bayonne Harbor is situated about 3 miles southeast of Newark and 7 miles from . East to west, it is about 2 1/2 miles long, and about 1/3 mile north to south. It is bordered by Route 440 (formerly Route 169). There is an additional 300 feet of water on the north and south sides and about 100 feet east.

The Peninsula at Bay Harbor has been divided into six development districts, each having its own land usage and building style. All the districts will be interrelated and easily accessible by Bayonne residents from all points.

Cape Liberty Cruise Port - Bayonne, New Jersey

2003 - Royal Caribbean Cruises Ltd. has signed a letter agreement with the Bayonne Local Redevelopment Authority (BLRA) to construct and operate a new cruise port facility at the Peninsula at Bayonne Harbor located in Bay- onne, NJ. The new facility will serve as a national homeport to two Royal Caribbean International ships, including one of the world’s largest cruise ships, the 3,114-passenger Voyager of the Seas, which made her New York metro area debut in 2004.

2005- After two years of operation Cape Liberty Cruise Port is now ranked second among northeast and mid-Atlantic ports in passenger volume. In 2005 alone, over 300,000 passengers passed through Cape Liberty Port.

Just 15 minutes from the Newark airport and right off the , Cape Liberty Cruise Port is a convenient departure point for both drive-market guests and those arriving by air. Cameron Group LLC

Bayonne Urban Enterprise Zone

The Urban Enterprise Zone Program was enacted in 1983 by the New Jersey State Legislature to help stimulate new economic activity and reduce unemployment within the boundaries of each zone. The establishment of these zones helps to provide incen- tives for businesses to come to these communities and occupy existing facilities or to build new. Since its inception in 2002, over 213 businesses have registered in the Bayonne Urban Enterprise Zone program. The Urban Enterprise Zone is an area designated by the State UEZ Authority to revitalize critical shopping districts and industrial centers. Their mission is to create jobs, bring new business prosperity and raise the quality of life in the community.

Zone Incentives for Businesses: • Pay no state sales tax on building materials, services and most tangible personal property.

• For each new permanent full time employee hired, businesses receive a onetime corporate tax credit of up to $1,500.

• The program allows a tax credit against the Corporate Business Tax of 8% for investment inside the zone.

• Businesses may be eligible for priority financial assistance including low interest loans from the NJ Local Development Financing fund and the Department of Labor Job Training Program.

• Sales tax revenue is placed in a Zone Assistance Fund (ZAF) and reinvested in improvement projects and further economic development.

• Qualified zone retailers are allowed to charge 3% sales tax on non-apparel in-person purchases (half of normal tax rate).

• No sales tax on in-person apparel purchases.

Bayonne Golf Club

• To open Spring of 2007, Bayonne Golf Club has a perfect view of the Lower Manhattan skyline, a small marina to allow members to dock their private yachts, and club officials are applying for permits to land helicopters. • Bayonne Golf Club will offer a 33,000 square foot clubhouse, which will boast wine rooms, private dining rooms, state-of- the-art audiovisual rooms, and a 80 foot tall lighthouse. • The Club will also be organizing social jaunts to the city using a highspeed ferry that can go from Bayonne to Manhattan in five minutes. • Membership costs $150,000 plus an additional $12,000 annually for club dues. The club already has 100 memberships sold, with members from Austrailia, South Korea and France. The club expects to have another 100 members to sign up, by invi- tation only, by the time the club opens in 2007. ayonne Crossing B Bayonne, New Jersey 350,000 sq. ft. power center

Cameron Group LLC 6007 Fair Lakes Road, Suite 100 East Syracuse, NY 13057 ph: 315.362.8800 fax: 315.362.8808 www.cameronllc.com

Small Shop Contact Carole Iseneker 315.579.4420 - [email protected]

Big Box Contact Matt Valenti 315.579.4423 - [email protected]

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