DEVELOPER: Westminster Communities
LOCATION: Perth Amboy, N.J.
COST: $600 million
SIZE: 56 acres
BUZZ: The redevelopment of Phase One of the former Naval Reserve Training Center into one of America's largest mixed-use projects is currently under way. Upon completion, the project will include 2,100 townhomes, condos and residential units, and 150,000 sq. ft. of retail space. The project also will feature a renovated marina, parks and a luxury.