The S.Hekemian Group has received $116 million in construction financing for Phase One of the North Market development in Bergen County, N.J.
Located at 1 Mercedes Drive in the affluent neighborhood of Montvale, the North Market apartment development project will consist of a to-be-built luxury apartment community, including ground floor retail. The more general North Market project will be comprised of six buildings totaling 350 apartment units, 40,500 square feet of high-end boutique office space, a 150-room boutique hotel, 94,500 square feet of total retail space and a corporate office headquarter building of up to 250,000 square feet, positioned on 32.6 acres. North Market will play off the adjacent Shoppes at Depiero Farm, on its own additional 26 acres, a project also developed and owned by The S.Hekemian Group.
The apartment units have been designed with functional floorplans, oversized windows, gourmet kitchens and designer finishes. The development will also f
