PARSIPPANY — Federal Realty Investment Trust, owners of Troy Hills Shopping Center, appeared before the Parsippany-Troy Hills Planning Board on Monday, July 10, and made a formal presentation to renovate the former Pathmark store into a Target, Starbucks and CVS Pharmacy. The board voted unanimously to approve the application for preliminary and final site plan and related “C” variance approval. The property is located at 1123 Route 46, designated as Block 729, Lot 7 on the official tax map of the Township of Parsippany-Troy Hills. A tentative March 2018 opening date is planned.
The meeting was attended by only four residents.
CVS Pharmacy and Starbucks will be inside of the Target store, using the same entrances as Target, similar to their Fairfield and East Hanover locations.
Starbucks, which is under construction at the former Burger King is less than one mile away. CVS, which opened last year at the corner of Cherry Hill Road and Route 46 is approximately three miles away.
The Property is located in the B-1 Business District. The property located on the corner of Route 46 and South Beverwyck Road has approximately 19 acres and contains a total of 211,000 square feet of retail, food establishments and banks.
Federal Realty proposes to lease approximately 65,000 square feet of the Shopping Center formerly occupied by Pathmark to Target. CVS Pharmacy and Starbucks will be located inside of the Target.
Target plans to renovate the existing façade of the building by removing an existing 3,168 square foot canopy and by constructing a new 514 square foot building addition and 493 square foot canopy.
The renovation will result in a net reduction in building coverage of approximately 2,165 square feet.
Target also proposes a major renovation of the interior of the store, which consists of approximately 65,106 square feet.
The renovated interior space will include approximately 7,845 square feet of grocery space.
Because the proposed renovation of the interior space includes grocery space, the required number of on site parking spaces will be decreased from 1,371 to 1,275.
Federal Realty previously obtained a variance to permit the Shopping Center to be served by only 1,040 parking spaces.
Current tenants located in the Troy Hills Shopping Centerinclude Michaels, Dollar Tree, Smashburger, Sport Clips, Subway, Petco Supplies & Fish, Sprint, Sally Beauty Supply, Massage Envy Spa, Cups Frozen Yogurt, Pro Hair Cutters, Convenience Liquors, Chipotle Mexican Grill, L.A. Fitness, Applebee’s Neighborhood Grill, McDonald’s, Wells Fargo Bank and Panera Bread.
To view a complete site plan of the shopping center click here.
In addition to the former Pathmark space, there are two other vacancies in the center. One vacancy measures 1,538 square feet and the second measures 2,018 square feet.
Pathmark closed in November 2015, after The Great Atlantic & Pacific Tea Company, parent company for A&P and Pathmark, announced on Monday, July 20, 2015 that it has filed for bankruptcy.
On Wednesday, July 5, Waterview Marketplace broke ground to contract a new shopping center on Waterview Boulevard just off Route 46. This location is less than three miles from the proposed Target. Originally it was rumored that Target was planning on opening a larger box store in Waterview Marketplace, but the size of the project was reduced, and the maximum size of the stores was limited.
The center will be anchored by a new Whole Foods Market that will occupy 48,000 square feet of the 150,150-square-foot center set to open in 2018. This Whole Foods Market store is set to become the third location in Morris County, and will feature indoor and outdoor dining space for customers.
