Officials and the developer of the Montgomery Promenade, a new shopping center that will be built just off Route 206 South in Montgomery, will celebrate the groundbreaking for the long-awaited project next week.
The shopping center will be built on a 54-acre site just south of Route 518 and north of the Princeton Airport. The site has not been developed for more than 15 years. The shopping center is expected to open in the first quarter of 2025.
A Whole Foods store will anchor the 292,700-square-foot development. The site will include retail stores, restaurants, outdoor dining, a movie theater, a bank, a daycare facility, and 34 single-family homes. Tenants already slated to open stores at the shopping center include Ulta Beauty, More than Q, Spavia, The Robinson Ale House, and the Turning Point Restaurant.
Madison Marquette first submitted plans for a shopping center at the site in 2005. The Montgomery Planning Board approved the project in 2018. The property is being developed by SJC Ventures, an Atlanta-based commercial development firm that specializes in mixed-use developments. The firm has developed similar projects throughout the eastern United States and specializes in transforming unused land into active centers.
The shopping center will have 1,499 parking spaces and will be larger than Princeton MarketFair. The developer will build a loop road that will connect Route 518 to Route 206 in order to ease traffic at the already congested intersection. The project will be constructed in two phases. Phase I will include 11 mixed-use retail buildings and 29 residential dwellings. Phase II will include five mixed-use retail buildings and five residential dwellings.