MONTVALE, NJ — The S.Hekemian Group hosted a grand opening for Workplace North Market, the flagship office building at North Market, a mixed-use district under development on the former campus of the Mercedes-Benz USA North American headquarters in Montvale. Local officials, members of the commercial real estate community, and other key stakeholders affiliated with the project attended the intimate outdoor event.
The program included a formal ribbon-cutting ceremony, with comments by Montvale Mayor Michael Ghassali and Planning Board Chairman John DePinto, and Peter Hekemian, senior managing director of The S.Hekemian Group.
“This marks an exciting day in the ongoing evolution of North Market,” Hekemian said. “Our Workplace building is truly something special and innovative in Bergen County – and anchors North Market’s modern, one-of-a-kind walkable urban setting in a suburban community. In it, we have established a place where businesses can thrive, surrounded by an eclectic neighborhood of eateries, experiences, shopping, and lifestyle services.”
The North Market master plan combines office, retail, luxury apartments, and a boutique hotel on the former Mercedes-Benz site, also incorporating The Farm (The Shoppes at DePiero Farm), an adjacent, highly successful project by The S.Hekemian Group. Opened in 2017, The Farm includes a variety of retail tenants and is anchored by Bergen County’s first Wegman’s supermarket location.
“There is a lot of pride in Montvale, and this is the crown jewel of our community,” DePinto said. “It exemplifies what the borough feels, believes, and is dedicated to. While other communities have suffered the loss of a major tenant leaving, Montvale worked cooperatively with the developer to come up with a solution that works for the 21st century. Big office buildings with big tenancy are no longer the norm. We must be more creative in our approach to planning and zoning.”
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