FAIR LAWN, NJ-NAI James E. Hanson has been named by owner Hadco LLC to market 18-35 River Road, a seven-acre development site for a planned 64-unit garden apartment complex within Fair Lawn’s River Road Special Improvement District. NAI Hanson's associate VPs Darren M. Lizzack and Hal B. Messer, are marketing the property.
"Fair Lawn created a corporation for the exclusive purpose of fostering a private/public partnership to organize, plan and implement the economic and physical improvement of the River Road area, where this site is located," Lizzack says. "The redevelopment of this site is important for the town of Fair Lawn, as it will enhance the local community and is in line with the character of the neighborhood."
The three-story development includes one-, two- and three-bedroom units. Its subdivision also includes 20,000 square feet of neighborhood retail. A May 2011 listing on LoopNet quotes an asking price of $2.1 million, noting that the property is fully approved.
The site, which is minutes away from Routes 4, 20, 208 and Interstate 80, is near three shopping districts along Broadway, River Road and Fair Lawn Avenue, as well as two NJ Transit train stations.
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