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Route 4

Business
6.5-Acre Fair Lawn Shopping Center Anchored By Vacant ShopRite Sells For $14M 6.5-Acre Fair Lawn Shopping Center Anchored By Vacant ShopRite Sells For $14M
6.5-Acre Fair Lawn Shopping Center Anchored By Vacant ShopRite Sells For $14M A large shopping center in Fair Lawn has been sold again, just under a year after it last changed hands, real estate officials said. The River Road Shopping Center, located at 17-17 to 17-70 River Road, was sold by TFE Properties, JLL Capital Markets announced Tuesday, July 15. The property sold for $14 million. The 6.45-acre property includes 92,523 square feet of retail space across three buildings. Tenants include Sherwin-Williams and Walgreens, as well as a vacant former ShopRite with covered parking, officials said. JLL said the site has redevelopment potential, calling it a “value-ad…

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by Cecilia Levine
Real Estate
$25M Sale Will Transform REI Lot In Paramus Into Multi-Family Apartment Complex $25M Sale Will Transform REI Lot In Paramus Into Multi-Family Apartment Complex
$25M Sale Will Transform REI Lot In Paramus Into Multi-Family Apartment Complex A $25 million real estate deal will bring more than 400 apartments to a site next to Bergen Town Center in Paramus, officials said. JLL Capital Markets announced the sale of the Bergen Town Center Land Site, where a 426-unit multifamily complex will be developed along Forest Avenue near Route 4. The buyer was a joint venture between Russo Development, LLC and KRE Group. The site was sold by Urban Edge Properties, JLL said in the release. The project will roll out in two phases: one with 166 units and the second with 260. Both will offer four stories of apartments over two to three leve…

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by Cecilia Levine
Real Estate
Home Is Where The Heart Is For Luxury Paramus Builder Home Is Where The Heart Is For Luxury Paramus Builder
Home Is Where The Heart Is For Luxury Paramus Builder Paramus has always felt like home to Ramona Gelin Malki. It's where her family laid their roots after immigrating to the United States from Turkey. It's where she attended grade school, where she spent summers while studying finance and international business at New York University. Malki only left Paramus in 2004 when she married her husband, and the two moved into a home in Ramsey. Well, actually, that's not entirely true. Malki says there's a part of her that never really left the borough: "Paramus is where my heart is," she said. And now, so are all nine of the homes she's built …

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by Cecilia Levine
Traffic
Route 4 Reopens Nearly 12+ Hours After Crash Downs Wires Route 4 Reopens Nearly 12+ Hours After Crash Downs Wires
Route 4 Reopens Nearly 12+ Hours After Crash Downs Wires Route 4 has reopened more than 12 hours after a crash downed a pole and live wires in Teaneck, police said. Sometime after 8 a.m. on Sunday, June 2, a crash took down a pole in the westbound lanes near River Road, local police said. All lanes were closed with traffic getting by in one lane on the eastbound side, police said. At 9:30 p.m., Teaneck police announced the roadway had been reopened and all repairs had been made. Details in the accident were not immediately available.

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by Cecilia Levine