Teaneck

Malas Development has acquired a 2.5-acre parcel at 359 Alfred Avenue in Teaneck, New Jersey, to launch the second phase of The Marq, a rental community. The upcoming six-story building, designed by CPA Architecture, will add 248 residences to the development. Construction is scheduled to begin in mid-July following the demolition of an existing industrial structure. This next phase follows the successful lease-up of Phase One, which brought 256 units to the market, 80 percent of which were leased within months of opening.

Malas Development has completed the first phase of construction for The Marq Teaneck, a rental community located at 329 Alfred Avenue in Teaneck, New Jersey. A ribbon-cutting ceremony was held to commemorate the launch, with Teaneck mayor Mark Schwartz and other community leaders in attendance. Designed by CPA Architecture, the six-story building yields 256 residences, including 38 affordable housing units. Its second phase is set to begin construction in early May, and will add 248 additional units at 359 Alfred Avenue.