New Jersey-based real estate investment firm BDP Holdings, in partnership with JLL, has unveiled plans for The Iris, a forthcoming commercial building at 641 Bloomfield Avenue in Montclair, New Jersey. Designed by Gensler, the 130,000-square-foot structure will yield 125,000 square feet of office space on the top three floors, along with 8,051 square feet of ground-floor retail space and 277 parking spaces.
Render of 641 Bloomfield Avenue, courtesy of BDP Holdings
BDP Holdings estimates that the project will begin vertical construction 18 months after site plan approval is issued. In the meantime, the project is seeking an anchor tenant to tailor plans to their specifications.
Montclair is located 12 miles west of New York City. It offers a wide variety of restaurants, cafes, and boutique shops and easy access to Manhattan, Hoboken, Jersey City, and Newark International Airport.
Render of office space 641 Bloomfield Avenue, courtesy of BDP Holdings
“We are thrilled to announce the launch of The Iris as we continue to work with the Township of Montclair to meet its smart growth redevelopment goals,” said David Placek, managing partner of BDP Holdings LLC. “We have worked with numerous stakeholders throughout the community and we know there is tremendous demand for new office space in Montclair. The Iris will offer superior commercial space to the downtown while bringing new patrons to local businesses and strengthening the town’s tax base to benefit the entire community.”
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So they have finally come up with a plan for demolishing and replacing the old Leach warehouse and four one-story buildings. This has been ten years in the making so far.