BOGOTA, NJ-River Development LLC gave a presentation to Borough officials last night on a $52-million project to redevelop a blighted property on West Fort Lee road.
Warren Waters, a principal at River Development, detailed his firm's plan for approximately 300-units of residential housing in mid-rise buildings on an eight-acre site that formerly was the Sifford-Pontiac-GMC dealership. The apartments would be marketed to young professionals, city and county workers and nearby hospital employees.
Borough officials were receptive to the project, which follows a plan by another investor to redevelop the Dewey School site on Palisade Avenue, according to The Record.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
