Ripco Real Estate announces Godwin Plaza to undergo major renovation & repositioning
Midland Park, NJ — Curtis Nassau of Ripco Real Estate, New Jersey’s leader in retail real estate announced that Godwin Plaza in Midland Park is to undergo a major renovation and repositioning beginning in the second half of this year. The center, located at 644-658 Godwin Ave., was purchased last year by Accordia Realty Ventures of Fairfield, NJ with the intention of transforming the aging center.
According to Jason Bogart, principal of Accordia, “Midland Park is a terrific community. We see the demand for new retail space in the market. As such, we plan to make a major investment in the center and reposition it as The Shoppes at Godwin in order to best serve this need,”
“We’ve hired Ripco to help us with our leasing because of their deep market knowledge, breath of marketing resources and ability to reach retailers, said Sarah Loudon, director of marketing for Accordia.
Godwin Plaza was built in 1960 as a 22,000 s/f mixed-use (retail/residential and office) project. “We plan to work within the existing framework of the asset to contemporize the look and feel of it while keeping in mind the charm of the surrounding community to create The Shoppes at Godwin,” said Bogart. Plans for the retail include a full façade renovation, including new storefronts, entryways, glass and signage. Space available ranges from approximately 800 to 7,000 s/f. Plans for the second floor include a similar, complete upgrade to the existing apartments. The parking lot will be resealed and restriped. Plans are to expand the parking from 100 to 120 spaces. Accordia will re-landscape the property and plans to add outdoor seating. Tenants will receive new “Vanilla Box” spaces having, new HVAC, and electric. In effect, when complete, The Shoppes at Godwin will be an entirely new center.
Along with Nassau, Alison Horbach and Mike Rawlins are a part of the team spearheading the assignment for Ripco. “The Shoppes at Godwin is well positioned to service the surrounding communities. There is a need for new retail space with good parking.
The Shoppes at Godwin could be ideal for restaurants, salons, spas and other service related tenants,” said Rawlins. There are close to 90,000 thousand people with a median household income of $135,000 a year living within a three-mile radius of the site. Midland Park is centrally located between Wyckoff, Waldwick and Ridgewood. The Shoppes at Godwin is situated on Godwin Avenue, Bergen County Route 84 in Midland Park, which is a conduit for traffic running south and east from Oakland, Mahwah and Ramsey through Franklin Lakes and Wyckoff to Midland Park and on to Ridgewood and Paramus. n