Raceway RE Partners Acquires Historic Freehold Property to Lead Community-Centered Redevelopment Vision

FREEHOLD, N.J., June 11, 2025 /PRNewswire/ -- Raceway RE Partners is proud to announce the acquisition of the iconic 58-acre Raceway Park property in Freehold, New Jersey. This landmark transaction marks a significant milestone in the group's mission to thoughtfully redevelop properties that reflect the history, spirit, and evolving needs of the surrounding community.

Jake Lebowitz of Raceway RE Partners shared:
"This land holds generations of memories—an incredible 171 years of horse racing took place here—and we intend to honor that legacy while introducing a vibrant, exciting, and forward-thinking destination for all."

Raceway RE Partners has deep roots in the local community and proudly operates several area businesses that employ many dedicated local residents. With this foundation, the group is committed to delivering lasting value—not only through physical development but through meaningful community engagement and giving back.

"Raceway's mission has always been to create more value both economically and socially within the community, so we can give more back—to our local charities, hospitals, police, firefighters, food banks, and more," said Lebowitz. "We're not just building for profit. We're building for purpose."

The preliminary vision for the site includes beautifully integrated multi-use retail, chef-driven dining, and a boutique hotel and social club—designed around walkability, family experience, and long-term community benefit. Raceway RE Partners is actively working with township leadership and local stakeholders to ensure that plans are shaped in a way that respects both the site's historic significance and the needs of Freehold's future.

Raceway RE Partners will continue to share updates as planning progresses and looks forward to working hand-in-hand with residents and officials to bring this exciting vision to life.

About Raceway RE Partners
Raceway RE Partners is a New Jersey-based real estate development group focused on transformative, community-first projects that balance historical preservation with thoughtful design and economic growth.

Contact:
Jake Lebowitz
Raceway RE Partners
Phone: (732) 313-3740
Email: [email protected]

SOURCE Raceway RE Partners