Real estate developer Morris Bailey plans to develop a portion of the 310 acre Monmouth Park horse track in Oceanport, New Jersey into to an 80 acre mixed use development that will include a 298 unit residential building, a 200 guestroom hotel, a sports complex and concert venue. Construction is planned to start in the 4th quarter of 2025 and take two years to complete. Dennis Drazin of Darby Development which owns Monmouth Park and is partner in the project.
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