Next Chapter will Focus on Best and Highest Use for Bergen County Site
WOODCLIFF LAKE, N.J. (Feb. 7, 2024) – Short Hills, N.J.-based Garden Homes this week became the contract purchaser for a distressed Bergen County hotel property and is exploring a variety of redevelopment options for the desirably located, 21-acre site at 200 Tice Boulevard. The Woodcliff Lake Hilton – a long-time staple in the local community – was slated for closure and offered for sale via auction.
With seven decades of involvement in the New Jersey marketplace, Garden Homes and its Garden Communities and Garden Commercial divisions have developed tens of thousands of for-sale homes and rental apartments, and millions of square feet of commercial space in the region. In Bergen County, this includes recently completed for-sale communities in Allendale and River Vale; successful luxury rental properties such as The Jefferson in Hackensack, The Dayton in Ridgewood and Washington Promenade in Dumont; and the award-winning, mixed-use Fair Lawn Promenade in Fair Lawn.
“The depth of our experience and the diversity of our platform enables us to consider every alternative – and deliver exceptional quality – across a range of real estate categories, from for-sale and rental residential to commercial and mixed-use,” noted Scott Loventhal, one of the firm’s highly experienced developers.
“For four decades, the Woodcliff Lake Hilton has been a center of community; no one wanted to see this property become yet another post-pandemic, stranded hospitality asset,” Loventhal added. “We will approach its redevelopment thoughtfully and in a manner that will best serve the borough’s future, with the evolving real estate market in mind.”
200 Tice Boulevard sits just off the Garden State Parkway, 30 minutes from Manhattan. “Simply put, this is an exceptional location,” Loventhal added. “We are thrilled to add the property to our portfolio and look forward to working closely with the borough and its stakeholders as we write its exciting next chapter.”
Collectively, Garden Homes, Garden Communities and Garden Commercial maintain a robust project pipeline that will introduce dozens of new communities and commercial spaces nationally over the next several years – including many alternate use redevelopment initiatives. Its vertically integrated operations provide full in-house support from site acquisition to leasing and property management, from infancy to stabilization.
In every endeavor, the team targets highly accessible, top-tier locations in the most desirable markets. The company’s continual evolution involves providing fresh, next-generation inventory while constantly improving existing communities and commercial properties to serve demand and support changing consumer and business lifestyle needs.
Information on the privately held real estate organization’s existing residential and commercial development projects can be found at gardencommunities.com and gardencommercial.com.
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