There’s a group of towns in New Jersey that have the ultimate name recognition for those who live nearby or even those outside the state. As many of our readers can attest, Montclair is clearly one of those communities, with the vast selection of shops, restaurants and cultural spots that line its downtown and residents who are as engaged as any in the state. As you’ll read in this month’s cover story, Montclair is also increasingly popular with office tenants, but with a lack of Class A space, those requirements are largely going unmet. BDP Holdings aims to change that with a newly unveiled project known as The Iris, a proposed ground-up development that would include 124,000 square feet of office space, street-level retail and structured parking — all of it in the heart of the central business district.
March Associates Construction
Construction comes with many unexpected challenges — tight schedules, scarce resources and the struggle to combat ever-increasing costs. When you choose March, we will deliver using a simple process that improves efficiency, so you can save on operating costs and start leasing sooner. Our innovative approach is rooted in value engineering. We engage early through preconstruction and joint ventures, which helps us efficiently allocate budgets, secure materials and leverage our trusted subcontractors. Our approach has helped clients achieve excellent results while shielding themselves from inflation — all without compromising quality standards.
Owners Council Q&A: Lou March
We’re cautiously optimistic about the market. While there have been challenges like increased lending interest rates and the uncertainties associated with them, we’ve found opportunities to innovate and thrive. Leveraging joint ventures, early procurement and efficient planning has allowed us to combat potential delays and unforeseen expenses. Our growth in 2023, despite some projects stalling due to market factors, testifies to our adaptability and resilience in these changing times.
