Facebook Twitter LinkedIn Google Plus RSS

Yeager, Normandy break ground on second Summit office project

By ,
Developers Mark Yeager and Normandy Real Estate Partners have broken ground on their second office and retail building in downtown Summit.
Developers Mark Yeager and Normandy Real Estate Partners have broken ground on their second office and retail building in downtown Summit. - ()

Developers Mark Yeager and Normandy Real Estate Partners have broken ground on their second office and retail building in downtown Summit, the firms said.

The four-story project by Yeager’s firm, MRY Associates and Normandy will include 28,000 square feet of office space and 4,500 square feet of ground-floor retail on Springfield Avenue, according to a news release. They expect construction to be complete by next spring, with site work now underway after demolition of an existing structure.

In a prepared statement, Yeager said the site’s location in Summit’s central business district “has proven to be a huge draw for businesses and merchants in the area.” The brick-façade building will be two blocks from an NJ Transit station.

“We’re eager to watch this state-of-the-art building rise out of the ground in the coming months, providing Summit with an infusion of in-demand, high-quality Class A commercial space,” Yeager said.

The project is the second joint venture between Yeager and Morristown-based Normandy. In 2012, the firms redeveloped a former medical building into a new 65,000-square-foot office building.

ALSO ON NJBIZ:

Federally funded program helps N.J. hospitals reduce infections, other preventable complications

Small Business Week: A look at how some companies are surviving and thriving

Report: N.J. third-least tax friendly state in nation

Joshua Burd

Joshua Burd

Josh Burd covers real estate, economic development and sports and entertainment. Before joining NJBIZ in 2011, he spent four years as a metro reporter in Central Jersey. His email is joshb@njbiz.com and he is @JoshBurdNJ on Twitter.

Leave a Comment

test

Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
View Comment Policy

Comments

close
Subscribe to Our Newsletters!
Click Here to Subscribe for Free Now!