Urban Edge is committed to the future of the property, and we continue to evaluate the needs
of the community as part of our study of development options. Based on the property’s
considerable potential, our due diligence is widespread, and includes review of investor and
tenant interest, as well as discourse with Town officials, staff, and residents. Urban Edge
remains committed to creating a vibrant economic environment for the surrounding community
and the Town as a whole.

It is too early in the evaluation process to provide any useful insight or offer an accurate
prediction of what might be constructed.

We are analyzing various redevelopment programs and timelines. Regardless of the timeline, we
will be sure to provide the community with periodic and timely updates. We are committed to
working closely with the Town and the community to ensure the property is a positive economic
driver for the region.