The Promenade at Summit at 545 Morris Ave. in Summit — Courtesy: Diversified Properties
By Joshua Burd
The retail space at a mixed-use building in Summit is now fully leased after a renewal and an expansion by a nail salon at the property.
The developer and owner, Diversified Properties, said Summit Lusso Nails has more than doubled its footprint at 545 Morris Ave. after recently buying an existing salon business at the three-story complex. It now occupies 2,966 square feet at what’s known as The Promenade at Summit, having expanded into an adjacent 1,508-square-foot unit.
The 16,000-square-foot retail component, which sits beneath 22 luxury apartments, is now fully leased.
“Despite the headwinds facing the retail market, well-positioned assets like The Promenade at Summit continue to see high demand from all types of businesses,” said Nicholas Minoia, founder and managing partner of Diversified Properties. “We welcome Summit Lusso Nails to the property and are excited to watch their continued growth.”
The firm, which built the property in 2010, said Summit Lusso Nails joins tenants such as ConnectOne Bank, The Shape of You, Dunkin Donuts, Kumon and The Little Gym. Tenants benefit from a location near several major roadways, including Route 24, Interstate 78 and the Garden State Parkway.