Introducing a premier mixed-use destination scheduled for completion in August 2026, situated at 100 Vermella Way in Paramus, New Jersey. This development is strategically positioned to enhance Paramus's vibrant retail and lifestyle environment. The area is recognized for its robust retail presence, featuring four regional malls and a substantial number of national retailers, many of whom maintain multiple locations within the submarket due to consistent consumer demand.
The property boasts exceptional visibility and consistent year-round foot traffic, benefiting from its direct proximity to Valley Hospital, which serves over 1.2 million visitors annually, and Paramus Park Mall, attracting more than 4 million visitors each year. The surrounding retail corridor is supported by affluent and high-density demographics. Within a 3-mile radius, the average household income is reported at $141,809, with a population exceeding 93,000 residents. This demographic profile, combined with the significant daily traffic of over 160,000 vehicles along Route 17, ensures unparalleled exposure and accessibility.
This development includes 371 luxury residential units, with residential occupancy already open and occupied. The commercial component offers a dedicated retail surface parking area and a parking garage to accommodate visitors and tenants. Currently, one retail unit is available, designated as A1, offering a space ranging from 1,450 to 4,179 square feet, suitable for restaurant use. This unit will join existing tenants Honey Brewed Cafe and The Now Massage, with two additional tenants slated for announcement soon.
The location provides convenient access to major transportation routes, including Route 17, Route 4, and the Garden State Parkway, further enhancing its accessibility for retailers, residents, and visitors. The development's strategic positioning directly across from office buildings, Valley Hospital, and Paramus Park Mall underscores its prime location within a high-demand commercial and residential area. The total building area for this development is 432,000 square feet, with a planned completion year of 2026.

VanRock Commercial Real Estate

VanRock Commercial Real Estate
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