The S. Hekemian Group Breaks Ground for The Shoppes at DePiero Farm
MONTVALE, NJ The S. Hekemian Group breaks ground for The Shoppes at DePiero Farm, a 225,000-square-foot lifestyle retail marketplace in Montvale, New Jersey. The center will be constructed at a cost of $125 million, according to Peter Hekemian, Senior Managing Director.
"This market is particularly known for its extremely high demographics, with some of the highest household income levels in the state," said Hekemian. "It will feature authentic architecture and landscape/hardscape inspired by the region's farming and equestrian heritage."
A 140,000-square-foot Wegmans Food Market will anchor the center, according to Hekemian. Other tenants committed to The Shoppes at DePiero Farm include The Habit Burger Grill, Chipotle, Ulta Beauty, European Wax Center, Starbucks, 1808 Fine Men's Barber, Urban Place Farm to Table, FedEx/Kinko's, and Not Your Average Joe's, with more to be announced shortly, according to Brian Silbert of Silbert Realty & Management, exclusive leasing agents for the property.
"This project will provide residents and corporate professionals with a highly designed place to gather, shop and dine," said Hekemian. "It is a suburban development designed as a walkable town center, which is exactly what today's young professionals want - an urban feel. This project is designed to create a sense of place. With its new open-air style, we've come full circle in our effort to create a "˜downtown,' a place to congregate."
The Shoppes at DePiero Farm will also feature cutting-edge "green" design, including a green, vegetative roof on the junior anchor building to provide insulation, reduce storm water runoff, and form a wildlife habitat. Other features will include six electric vehicle charging stations, walking and biking paths, and exterior lighting designed to comply with Dark-Sky practices.
By providing more than 400 local jobs, The Shoppes at DePiero Farm will continue the maintenance of Montvale's economy, an effort that was recently recognized with a major planning award. The project is also the result of an intense collaborative effort between borough officials and the partners of The S. Hekemian Group.