NEW YORK, Nov. 12, 2014 /PRNewswire/ -- Sheldon Good & Company (America's Real Estate Auctioneer™) is pleased to announce the upcoming real estate auction of a prime waterfront development site in Elizabeth, New Jersey. A U.S. Bankruptcy Court sale of the 3.57-acre parcel will be held on December 10.
The site is located less than 10 miles from Manhattan and under two miles from Newark Liberty International Airport. The parcel was originally part of the Celadon development, a proposed community that envisioned capitalizing on the prime waterfront property in the New York metropolitan area. The site features expansive views, with the potential for direct access to lower Manhattan in approximately 25 minutes.
The Celadon project was conceived by Tern Landing Development as a 30-acre sustainable mixed-use project, with one of the highest degrees of accessibility in the northern New Jersey area. Situated on Newark Bay, the development was intended as a high rise "airport city" providing commercial, residential and hotel accommodations for New Jersey residents who work within the region or commute to New York City, as well as the international business traveling community. The project included a nearly mile-long wooden boardwalk and marina offering ferry service into Manhattan.
"This auction will provide sophisticated investors the opportunity to own a prime piece of what could still potentially be a spectacular development along the New Jersey waterfront," stated John Cuticelli, Chairman of Sheldon Good & Company. "The site can also be purchased and developed as a standalone building with views of Manhattan."
Bids are to be submitted to the offices of Sheldon Good & Company no later then 5:00pm on Wednesday, December 10th.
On-site inspections will be conducted on Tuesdays at 10am EST on November 18th, 25th and December 2nd. Please contact the project manager to schedule an appointment to view the property during these times.
For additional information on the auction, call 800-516-0015 or visit www.sheldongood.com.
ABOUT SHELDON GOOD & COMPANY
Sheldon Good & Company is one of the most recognized and respected real estate auction firms in the United States. Founded in 1965, the firm has a 50-year track record of proven results, having sold billions of dollars worth of real estate. From commercial to residential properties, Sheldon Good & Company provides the most successful platform to buy and sell real estate in the history of the auction industry. For more information, please visit www.sheldongood.com.
Contact: Joshua Greenwald
Rubenstein Public Relations
SOURCE Sheldon Good & Company