DEVELOPER: Westminster Communities

LOCATION: Perth Amboy, N.J.

COST: $600 million

SIZE: 56 acres

COMPLETION: 2010

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 hotel.