4C — August 19 - September 15, 2022 — Owners, Developers & Managers — M id A tlantic Real Estate Journal


O wners , D evelopers & M anagers

Leasing and resident move-ins underway at luxury rentals in New Montvale, NJ The S.Hekemian Group Celebrates Grand Opening of The District North Market


The program included a formal ribbon cutting ceremony at the main entrance to The District, with comments from New Jersey State Senator Holly Schepisi, Montvale Mayor Michael Ghassali, Planning Board Chairman John De- Pinto, and Peter Hekemian , senior managing director of The S.Hekemian Group. “This milestone marks an exciting chapter in the ongoing evolution of North Market,” Hekemian said. “In developing The District, our goal was to cre- ate a one-of-a-kind multifamily offering that brings a new level

of luxury apartment living to Bergen County and comple- ments the surrounding neigh- borhood of eateries, experiences, shopping and lifestyle services.” A September delivery is ex- pected for The District’s second building, at 300 Market Street. In both buildings, spacious apartment homes feature up to 1,500 s/f of light-filled living space with expansive windows, ceiling heights up to 11 feet, hardwood flooring, Kohler and Moen bath fixtures, and pri- vate balconies or patios. Chef- inspired kitchens include gas ranges, stainless-steel appli- ances and Caesarstone coun- tertops. All apartments provide large walk-in closets and in-unit washers/dryers. North Market is evolving on the 32-acre former Mercedes- Benz USA North American headquarters campus. The project’s built office compo- nent, Workplace North Market, celebrated its grand opening in spring 2021 and today is approaching full occupancy. Flanked by The District’s two apartment buildings, the four- story, class A structure at 200 Market St. houses 40,500 s/f of office space on its upper floors. All three buildings feature ground-floor retail, with in- place tenant commitments from Fleming’s Steakhouse, Paris Baguette, Glosslab, Rumble Boxing and Naya Mezze & Grill, with more in the pipeline. Outside, a shared plaza featuring hard- scaped and landscaped ele- ments encourages social and collaborative gathering. At the north end of the North Market site, The S.Hekemian Group recently announced plans for the development of an 86,000 s/f medical office building, where Valley Health Systems will open a 60,000 s/f surgical center. The balance of that building will feature street-level retail as well. The North Market neigh- borhood, which offers easy ac- cess to public transportation, also includes The Farm (The Shoppes at DePiero Farm), an adjacent, highly successful project by The S.Hekemian Group. Opened in 2017, The Farm is anchored by Ber- gen County’s first Wegman’s supermarket location and includes a variety of tenants including Starbucks, Lulule- mon, Chopt, Orangetheory Fitness, Ulta Beauty, CityMD and others. MAREJ

ONTVALE, NJ — The S.Hekemian Group celebrated the

grand opening of The District, the luxury multifamily residen- tial component of its mixed-use North Market neighborhood in Montvale. Upon completion, The District will include over 300 apartments in twin build- ings; the first, located at 100 Market St. Local officials, members of the commercial real estate community and other key stakeholders affiliated with the project attended the invitation- only Grand Opening event.

Shown from left: Montvale Council president Annmarie Russo-Vo- gelsang, Planning Board Chairman John DePinto, New Jersey State Senator Holly Schepisi, The S.Hekemian Group senior managing director Peter Hekemian and Mayor Michael Ghassali .


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