FORT LEE, NJ-After six sometimes contentious public hearings, final approval was granted for the first phase of a $1 billion downtown redevelopment project that will send two 47-story towers soaring upward to become the tallest structures in Bergen County.
The vote to approve The Modern, as the project is now being called, was unanimous. It will be built by Fort Lee Redevelopment Associates, a partnership of SJP Residential Properties, Bergen County attorney James Demetrakis and real estate investment firm Palisades Financial.
FRLA had originally proposed three towers, but negotiated with the Borough Council on design and mass of the first phase of the project, which will include: the two towers with 902 rental units, a restaurant, snack kiosk, three-screen movie theater, museum, and a public park.
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