S hopping C enters N ew J ersey
Real Estate Journal — New Jersey — Section B
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M id A tlantic
Designed by Russell Bodnar Vango Development breaks ground on luxury rental building near the Rutherford Train Station
UTHERFORD, NJ, — Rutherford Mayor Joseph DeSalvo, Jr. and other municipal officials and local dignitaries joined developer Vango Develop- ment Tuesday, (June 26, 2018) to break ground on 106 Park Ave., a new luxury rental build- ing in the heart of downtown Rutherford. Located just two blocks from the Rutherford train station, 106 Park Ave. is bringing a collection of 52 modern rental residences and 5,000 s/f of street-level retail space to the R HI-LIGHTS JULY 13 - 26, 2018
106 Park Ave. rendering
Doorking intercom system, onsite maintenance and leasing office, and surface and enclosed parking. The street-level retail space is divided among four storefronts. Vango Develop- ment will be actively seeking retail tenants that complement downtown Rutherford’s exist- ing retail mix. “We are thrilled to have se- cured such an ideally-located property for this project, and we appreciate the confidence that Mayor DeSalvo and the Borough of Rutherford have placed in us,” said Van Golemis, a principal of Vango Develop- ment, which most recently developed and leased up the St. George Harrison near the Harrison PATH station. “We believe 106 Park Ave. will be a complementary addition to
downtown Rutherford, and we look forward to creating a com- munity of value that taps into the property’s full potential.” Rutherford is known for its tree-lined suburban streets, vibrant downtown of shops and restaurants, and its collection of attractive housing stock ranging frommid-priced homes to million-dollar Victorians. 106 Park Ave. will deliver a new product line to the mix that caters to residents looking for commuting convenience, walk- ability and an amenity-rich lifestyle. Designed by Russell Bod- nar, 106 Park Ave. will feature a four-story design with well- appointed residences. Each apartment will include an in-unit washer/dryer, energy efficient central heat and AC.
Shown from left: Maria Johnson, Rutherford chamber of Commerce; Leo Faresich, chief lending officer, ConnectOne Bank; Rick Doren, Rutherford Planning Board chairman, Sean Walker, Rutherford city councilman, Rutherford Mayor Joseph Desalvo, Jr; Van Golemis, developer, Vango Development; George Golemis, partner, Vango Development; Dan Coli, owner, Coli Construction; Jeff Hart, project manager, Coli Construction.
borough. Offering studio, one- and two-bedroom apartments, the new rental building should appeal to commuters who wish to take advantage of Ruther- ford’s prime location just one rail stop away from Secaucus Junction. New York Penn Sta- tion is less than a 30-minute train ride away, and Hoboken is less than 20 minutes away, where transfers to the PATH system are available. Ruther- PISCATAWAY, NJ — At- lantic Real Estate Services , a corporate real estate bro- kerage and consulting com- pany, located in Bridgewater announced that VP, Brian Dudzinski assists Hall’s Warehouse Corp. negotiate a long term lease of a 278,380 s/f modern warehouse building located at 5 Access Rd. in Pis- cataway from Adler Develop- ment . The lease was finalized at the end of 2017 and Hall’s took occupancy of the new facility late last month. The facility will accommodate both temperature controlled and ambient products for distribu- tion and is ideally located with direct access to Route 287.
ford station is also a bus stop for the NJ Transit #190 bus, which whisks passengers to the Port Authority in about 30 minutes. 106 Park Ave. will occupy the entire width of a city block, with its main entrance and retail space on Park Ave. and a rear entrance and parking garage on Chestnut Street. Residents will enjoy lifestyle amenities and conveniences such as a fit- ness center, residents’ lounge,
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SOUTHERN NJ PROFESSIONAL DIRECTORY 14-15B
Atlantic Real Estate Services assists Hall’s Ware- house Corp. lease a 278,380 s/f industrial building
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5 Access Rd.
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