"These approvals represent an important milestone in the finalphase of the redevelopment of this site," says Lewis Zlotnick, COOof the Parsippany-based Woodmont Properties. "We look forward tostarting construction on both the hotel and office components ofthis project, and to seeing the town's vision for this site come tofruition. When completed, this site will have been transformed froma dormant landfill into an income-generating property."
The preliminary approval was gained for a 108-suiteextended-stay Hilton Homewood Suites hotel. Woodmont is jointventuring the hotel with the Briad Group, a Livingston-basedcompany that operates properties under the Hilton and Marriottbanners on the hospitality side, and Wendy's and TGI Friday's onthe food service side. Woodmont and Briad officials say they expectto start construction on the hotel this winter, pending stateapprovals relating to environmental clearance.
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