A concept rendering of a townhome at Village Springs at Montvale, a new townhome community being developed by Toll Brothers at Paragon Drive and Summit Avenue in Montvale — Courtesy: Toll
By Joshua Burd
Toll Brothers has unveiled the first pieces of a new luxury residential community in Montvale, where it’s redeveloping the site that once housed A&P’s corporate headquarters.
The development, known as Village Springs at Montvale, is now taking shape across nearly 20 acres at Paragon Drive and Summit Avenue. The homebuilder said construction is underway and has launched sales at the site with the help of a model unit and what it described as quick move-in homes, offering preconstruction pricing from the upper $800,000s.
“With floor plans designed for today’s buyers and unrivaled personalization options including home offices, elevators, and much more, Village Springs at Montvale will offer residents the best in luxury living in one of Bergen County’s most desirable towns,” Craig Cherry, division president of Toll Brothers in New Jersey, said in a prepared statement. “We are excited to bring our stunning collection of homes to this very special community.”
The offering comes six years after the Great Atlantic & Pacific Tea Co. Inc., which had been based in an office building at 2 Paragon Drive, filed for bankruptcy and began to sell hundreds of stores. The complex was among several office buildings in Montvale and northern Bergen County that have been redeveloped in recent years, following a wave of corporate relocations and other changes in the market.
Toll reportedly had sought approval to build 80 townhomes at the site. In doing so, it aimed to capitalize on its proximity to the Garden State Parkway, mass transit, the area’s affluent population and a host of dining, retail and recreational amenities.
Homebuyers at Village Springs at Montvale will choose from three designs offering three bedrooms, 2.5 baths, two-car garages and more than 3,000 square feet of living space, according to a news release.
