Property
Villas at West Caldwell
Location
West Caldwell, NJ
Size
30 Units
Value
$1.8M
Type
Sale

Villas at West Caldwell

BlueGate Partners was retained to sell the the real property commonly known as The Villas at West Caldwell Development Site located at 475 Passaic Road in West Caldwell, New Jersey. The Villas at West Caldwell development site is a 28.37 acre vacant parcel with 2.67 usable acres, nestled in the affluent suburbs of Northern New Jersey. Located within the township of West Caldwell in Essex County, the Site is currently approved for the construction of one, three-story, age-restricted, luxury multifamily building. Approvals are in-place for 30, two-bedroom, two-bathroom units with an amenity package featuring a clubhouse (contained within the single building) with a full kitchen, fireplace, library, fitness center and outdoor patio area. Residents will also have access to both garage and surface parking. The Site is well positioned to capture the rapidly expanding demographic of aging baby boomers who desire the quaint lifestyle of family-free living that only age-restricted communities can provide, without losing proximity to their family and friends that call Northern New Jersey home.