Contact Us
Paramus Daily Voice serves Oradell, Paramus & River Edge
Return to your home site

Menu

Paramus Daily Voice serves Oradell, Paramus & River Edge

Nearby Towns

Real Estate

$60M Loan Funds 13-Acre Multifamily Development In Bogota

A multifamily development is coming to Bogota.
A multifamily development is coming to Bogota. Photo Credit: Contributed

A $60 million construction loan was recently advised for a construction project bringing luxury apartments and retailers to Bogota.

The loan was advised by Cushman & Wakefield’s Equity, Debt & Structured Finance (EDSF) team will fund Phase I of the River Club complex, which broke ground last fall on West Fort Lee Road.

The development will include

  • 8,000-square-foot clubhouse featuring fitness and media rooms
  • 5,000-square-foot outdoor amenity area with an infinity-edge heated pool, theater, natural grass grills
  • Riverfront walkway with dog park
  • On-site NJ Transit bus stop with access to NYC and beyond.

Residents will also benefit from approximately 8,000 square feet of on-site retail space.

The first two buildings are expected to be completed by the end of the year with the next pair to wrap up at the end of 2020, borough officials said.

The development was approved in 2016 at the site of the former Hess Company tank farm.

The area was prone to flooding but the new buildings will be on razed tank land so they will be out of the flooding zone.

to sign up for Daily Voice's free daily emails and news alerts.

Welcome to

Paramus Daily Voice!

Serves Oradell, Paramus & River Edge

Get the news you need to know on the go.

Welcome to

Paramus Daily Voice!

Serves Oradell, Paramus & River Edge

Hi! You've read our articles so we know you like our reporting. To keep reading please join our mailing list.

Get important news about your town as it happens.