Edison, Middlesex County-based Commercial Realty Partners is looking to redevelop a 244-acre site in the airport’s industrial park.

The project must be approved by the city’s planning board, and any tax abatement agreement must be approved by the city’s board of directors.

The project requires the construction of six buildings totaling 3.6 million square meters on the site. Five of the buildings will be used for traditional storage and distribution, research and logistics, manufacturing and cold storage. One would be a hotel.

The parcel the company is seeking to develop is bounded by McCafferty Boulevard, Bogden Boulevard, Dividing Creek Road and Silver Run Road.

“The city of Millville is so important,” said Joe Nitti, principal of the group. “We build in a lot of towns in New Jersey, and what we’re seeing in Millville makes us very excited.”

Commercial Realty Partners has been around for more than two decades and specializes in warehouse brokerage. industrial development and land acquisition. The company has worked with more than 30 municipalities around the state, according to its website.

The proposed project would be the company’s first in Cumberland County and its furthest south in the state.

“This is definitely a partnership, and that’s the key word,” said Rob Bernachio, an attorney for Commercial Realty Partners.

In 2018, the Planning Board prepared a report on the development of the industrial park. Among the permitted uses in the area are breweries and distilleries, distribution centers, food processing, indoor agriculture, light industrial uses, municipal facilities, pharmaceutical manufacturing, professional offices, public works, recreational facilities, scientific, medical or research laboratories, solar energy facilities, warehouse or storage facilities and wholesale companies. According to the report, hotels are a conditionally permitted use.

Discussions about the project started several years ago, said Ray Compari, a former city administrator involved in the talks.

“Many conversations have happened over the years about this project,” Compari said. “This is a creative vision for the program. Now, as a citizen, I can sit and watch this being developed.”

The project will be divided into three phases, with construction of the first phase starting in November 2025 and construction of the final phase, which includes a five-story, 163,785-square-foot hotel, expected to be completed in December 2030.

The goal of the project is to create white-collar and skilled labor jobs, create retail and additional business opportunities and stimulate growth at the airport, New Jersey Motorsports Park and businesses in the city, according to a project presentation.

The developer is seeking a 30-year payment-in-lieu-of-tax agreement, which it says will allow it to offer below-market rents. Under the proposed agreement, the first two phases of the project would generate $63 million each, while the final phase would generate $61 million in revenue for the city.

The project is expected to create more than 1,000 construction jobs in addition to the 1,700 skilled trades jobs, according to the company.

“It’s good to have a partner,” said Deputy Mayor Joseph Sooy. “This creates opportunities for our residents. That’s what we need.”