Morris Bailey, Chairman of JEMB Realty and Resorts Casino, has unveiled plans for an 80-acre mixed-use development next to Monmouth Park Racetrack in Oceanport, NJ.
The project, set to break ground in late 2025, will feature multi-family housing, a hotel, retail, entertainment venues, and a youth sports center.
This initiative, developed in partnership with the State of New Jersey and Darby Development LLC, aims to revitalize the area around the historic racetrack, transforming it into a year-round destination.
Governor Phil Murphy praised the project for its potential to boost the local economy and enhance Monmouth Park’s legacy.
Bailey, known for his contributions to Atlantic City’s revitalization and the expansion of online gaming, emphasized the development’s significance for both the community and the future of horse racing in New Jersey.
