NORTH ARLINGTON, N.J. -- North Arlington's Mayor and Council on Thursday, Sept. 15 joined the developers of the new Ridge Road condominium complex to break ground on the project.
Woodcrest Properties LLC purchased the long-vacant Ridge Lumber property and is building a luxury apartment coplex with 30 upscale one-bedroom units and 28 off-site parking spaces.
"We are 100 percent behind this project," Mayor Joseph Bianchi said. "As a small town, taxes play a big part. This project bring in nice ratables for our town."
The new development is located at 239-241 Ridge Road and is part of a redevelopment project of the thoroughfare.
"Everybody here had a special part in helping us get this underway, especially the mayor and council, who are very pro-development," said Michael Golas, one of three co-owners – along with Jim Given and Paul Fine – of the new project. "The town is really moving forward."
The monthly rent is expected to cost $1,600 to $1,700 per month.
"Anything we can do to make this project go smoother, we're here for you," Bianchi said. "It's a beautiful project."
Boiling Springs Savings Bank is financing the project.
Better Homes & Gardens Coccia Realty has been selected as the exclusive broker to market the units, which will be ready for occupancy in the summer of 2017.
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