Malas Development celebrates grand opening of The Marq Teaneck with community leaders

Shown from left: Ronnie Haboush, Teaneck Mayor Mark Schwartz, and Malas Development’s Mark & Zach Malas cut the ribbon for The Marq Teaneck.

TEANECK, NJ — Teaneck, NJ Mayor Mark Schwartz recently joined Malas Development to officially open The Marq Teaneck, a brand-new luxury rental community introducing 256 upscale residences and contemporary amenities to this sought-after Bergen County township.

Community leaders gathered for a ribbon-cutting ceremony at 329 Alfred Ave. -- less than five miles from George Washington Bridge -- to celebrate the transformation of an underutilized site into a modern residential destination. The Marq’s first phase is already seeing strong demand, with nearly 100 leases signed and new residents moving in. The community also includes 38 affordable housing residences, reinforcing Teaneck’s commitment to diverse housing options.

A second building, set to rise adjacent to the initial offering, will add 248 additional residences, further enhancing The Marq’s presence in the market. Malas Development cleared a former industrial building to create the first phase and will do the same for the second, replacing outdated structures and transforming the entire block into a vibrant, thoughtfully designed residential setting.

The Marq Teaneck highlights Malas Development’s expanding presence in New Jersey, building on a strong track record of delivering high-quality residential and commercial properties in Edgewater, Englewood Cliffs, Hackensack, Union City, Rochelle Park, Leonia, Cresskill, and Saddle Brook.

“This is an exciting moment as we celebrate the successful opening of The Marq Teaneck,” said Mark Malas, managing member of Malas Development. “We are grateful to Mayor Schwartz and township officials for their support in bringing this project to life. This signature residential community is quickly attracting renters seeking sophisticated homes, exceptional amenities, and an ultra-convenient location.”

Mayor Schwartz commented: “The realization of this property is a testament to Malas Development and I thank them for their dedication.”

Designed by CPA Architecture, The Marq’s striking six-story building offers studio to two-bedroom floorplans, including select top-floor loft residences with soaring 19-foot ceilings. Each home is designed for modern living, featuring spacious walk-in closets, in-unit washer/dryer, and lavish baths with matte tiled floors and shower walls. Luxury kitchens are equipped with full-size stainless steel appliances, soft-close cabinetry, polished quartz countertops, and large kitchen islands in select residences. Some homes also include private balconies.

The Marq offers an extensive collection of indoor and outdoor amenities designed to enhance daily life. Residents can relax in the beautifully landscaped courtyard, which features a swimming pool, sundeck, private kitchens, BBQ and dining areas, fire pits, and a dog run. Inside, the community provides thoughtfully designed co-working areas, private conference rooms, entertainment lounges, and café spaces, along with a state-of-the-art fitness center and pet spa. The pet-friendly building also includes concierge service, package and grocery lockers, bike storage, private storage rooms, and garage parking with EV charging stations.

The Marq is situated minutes from Teaneck’s Cedar Lane shopping district and downtown Englewood, home to vibrant restaurants and retailers. High-end shopping is available less than 10 minutes away at The Shops at Riverside, while cultural and entertainment venues like Bergen PAC offer concerts, comedy, and live performances.