New Jersey: Resorts Casino and Morris Bailey commence development project
The site is on 80 acres adjacent to Monmouth Park Racetrack.
JEMB Realty Chairman Morris Bailey and Resorts Casino in Atlantic City have initiated a design and development project involving 80 acres of property near the Monmouth Park Racetrack in Oceanport, New Jersey.
The project’s first phase will be developed in collaboration with the state and with Dennis Drazin’s Darby Development, scheduled to break ground during the fourth quarter of 2025.
Upon completion, the 80-acre site adjacent to the racetrack will feature a 200-room hotel, a youth sports community center and a 298-unit residential building.
Plans also include options to add music venues and other entertainment outlets.
Bailey explained that this development has been a long time coming.
He said, “We are embarking on the next phase of a journey that began over a decade ago when we developed plans to reimagine and reinvent the Monmouth Park experience that has brought so much joy to generations of horse racing enthusiasts.
“We have always been staunch advocates for returning the area to its rightful place as the premier destination for horse racing and family entertainment while including important components that serve the community at large. After an intensive, complex, and lengthy process, our plans will create a vibrant lifestyle destination for future generations and will put the racetrack on a trajectory for enormous growth.”
State Governor Phil Murphy also expressed his excitement for the new project.
He commented, “Monmouth Park Racetrack is an iconic New Jersey attraction. We are thrilled to see this project move forward, which will bolster the local economy and ensure that the area is a popular destination for generations to come.
“Through this important development, the history and legacy of this racetrack will not only be solidified but expanded and enhanced so that more New Jerseyans can experience its excitement.”
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