(Save the date: RealShare New Jersey comes to the Hyatt Regency, New Brunswick, NJ, September 19.)

FAIR LAWN, NJ-A new mixed-use center with 150 rental units is under construction near NJ Transit’s Radburn train station in Fair Lawn, GlobeSt.com has learned exclusively. Garden Homes Development and Garden Commercial will create 63,000 square feet of retail and office space at the site on Route 208 as well.

“Our goal is to create a pedestrian-friendly destination with superb access to transportation where people will want to live, work and shop,” says Scott Loventhal, development director for the Short Hills-based companies. He estimates the apartments will be ready for occupancy by the end of next year.

Residents will be able to walk to the train station, servicing the Main/Bergen-Port Jervis commuter line – just as they already do from his company’s 350-unit garden-apartment complex just south on 208.

The Promenade, going up on the site of a former Kodak processing center, will consist of two rental buildings, one with 104 units and another with 46 units, each having four stories over a ground level parking garage, Loventhal says. The apartments will be one-, two-, and three-bedroom units with large great rooms and private balconies.

“The Promenade is designed to offer a different, more urban style of living than the older garden-style apartments available in the area,” which have occupancy rates in the high 90 % range, he adds. It will have reserved garage-level parking, elevator service, security-intercom systems, and attended lobbies, catering to a growing tenant base of “renters-by-choice,” Loventhal says.

Three commercial buildings with a total of 30,000 square feet of office space and 33,000 square feet of street-level retail space are also underway. Garden Commercial plans to add solar panels and a rain garden to the project as well.

Meanwhile, the Garden companies are also at work on a proposed development of a 110-rental-unit building for the former Brogan’s auto dealership site in nearby Ridgewood, also in Bergen County.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.