The Goldstein Group completes sale of redevelopment site in Bogota New Jersey
Bogota, NJ — President Chuck Lanyard of The Goldstein Group announced the firm has successfully completed the sale of a redevelopment site located at 250 & 300 West Fort Lee Rd. in Bogota New Jersey which will become a multi family mixed-use development. Executive vice president, Lew Finkelstein, and vice president, CJ Huter, represented both the seller, BR Colony Holdings, and the buyer, River Club Development, in the transaction. “This was a transaction that took several years to conclude,” noted Lanyard. “CJ & Lew were able to provide outstanding service to both parties to bring the deal to a closing.”
The site is slated for 421 residential apartments across five buildings, along with 8,000 s/f of ground floor retail space. Also projected for the site is the development of a pool, clubhouse, dog park and walkway promenade along the Hackensack River. Upon completion, the development could increase the boroughs population of 8,200 people by about 10%. This location is prime for commuters traveling to and from New York City and offers convenient access to Interstate 80 and Route 4.