The lobby of The Marq Teaneck at 329 Alfred Ave. in Teaneck — Courtesy: CoStar Group Inc. (via Malas Development)
By Joshua Burd
Malas Development has taken the wraps off a 256-unit luxury apartment building in Teaneck, with plans for a second phase next door as it transforms what was a large industrial site.
The firm welcomed Mayor Mark Schwartz and other local leaders last week to unveil the project at 329 Alfred Ave., which it noted is less than five miles from the George Washington Bridge. Known as The Marq Teaneck, the property is already seeing strong demand with nearly 100 leases signed and its first residents on site, while helping the township provide affordable housing with 38 units reserved for low- and moderate-income renters.
The second building is set to rise on adjacent parcel and will bring another 248 units. Malas Development cleared a former industrial building to create the first phase and will do the same for the newest phase, replacing outdated structures and transforming an entire block.
“This is an exciting moment as we celebrate the successful opening of The Marq Teaneck,” said Mark Malas, managing member of Malas Development. “We are grateful to Mayor Schwartz and township officials for their support in bringing this project to life. This signature residential community is quickly attracting renters seeking sophisticated homes, exceptional amenities and an ultra-convenient location.”
Designed by CPA Architecture, the six-story building has floorplans ranging from studios to two-bedroom units, including select top-floor loft residences with 19-foot ceilings, according to a news release. Residents of the high-end homes also have use of amenities such as a landscaped courtyard, which has a swimming pool, a sundeck, private kitchens and grilling and dining areas, along with coworking areas, private conference rooms, entertainment lounges, a modern fitness center and a pet spa.
Also available are concierge service, package and grocery lockers, bike storage, private storage rooms and garage parking with electric vehicle charging stations.
“The Marq Teaneck represents the next evolution of Bergen County living — modern residences, upscale amenities and a location that easily connects residents to everything the region has to offer,” said Zack Malas, also a managing member of the firm. “This community reflects our commitment to delivering homes that combine thoughtful design with everyday convenience, and we’re excited to see residents embracing and enjoying their new lifestyle here.”
Malas Development — which has built residential and commercial properties in Edgewater, Englewood Cliffs, Hackensack, Union City, Rochelle Park, Leonia, Cresskill and Saddle Brook — said monthly rents at The Marq Teaneck start from the $2,300s.
“The realization of this property is a testament to Malas Development, and I thank them for their dedication,” Schwartz said.
In detailing the project, Malas noted that The Marq is minutes from Teaneck’s Cedar Lane shopping district and downtown Englewood, which is home to a host of restaurants and retailers. Also nearby are The Shops at Riverside and Bergen PAC, while commuters have easy access to highways such as Route 4 and nearby NJ Transit bus service.
