August 07, 2017
The Parsippany-Troy Hills Planning Board recently voted to approve an application for the final site plan of property located at 1123 Route 46 with a slated opening date of March 2018.
Both Starbucks and CVS Pharmacy will be located within the Target store, with no additional entrances needed. The store layout will be similar to the East Hanover and Fairfield locations.
Starbucks, which is currently undergoing construction at the former Burger King site is about a mile away. CVS is about three miles away and is opened for business last year on Route 46 and Cherry Hill Road.
The property is labeled B-1 Business District, which is about 19 acres large and has about 211,000 square feet of banks, food establishments and retail business.
Federal Realty noted it would lease about 65,000 square feet of what used to be the former Pathmark business to Target. Starbucks and CVS Pharmacy would conduct its business inside that store.
Target will renovate the building already there, removing a 3,168 square foot canopy and building a new 493 square foot canopy and 514 square foot building add-on. The company said the inside of the store, which is a little more than 65,000 square feet, would be completely renovated. Target's renovation includes adding a grocery section and a reduction of nearly 100 spots to 1,275.
Some of the present Troy Hills Shopping Center tenants are:
Applebee's Neighborhood Grill
Chipotle Mexican Grill
Cups Frozen Yogurt
Massage Envy Spa
Petco Supplies & Fish
Pro Hair Cutters
Sally Beauty Supply
Wells Fargo Bank
There are two vacancies in the center, measuring 1,538 square feet and 2,018 square feet.
Pathmark shut its doors November 2015 when its parent company The Great Atlantic & Pacific Tea Company, filed for bankruptcy in July 2015.
Initially, it was thought Target would occupy the space at Waterview Marketplace. However, due to space limitations on the project, they declined to do so. Instead, Waterview Marketplace, which broke ground earlier this month, is set to be anchored by a new 48,000 square foot Whole Foods Market. The entire center is set to be 150,150 square feet with an opening of 2018. The new Whole Foods Market store will be Morris County residents' third store and will offer both outdoor and indoor dining space.