Tulfra Real Estate joined members of its project team to break ground on The Delford, a 160-unit multifamily development at 120 West Passaic St. in Rochelle Park — Courtesy: Tulfra
By Joshua Burd
Tulfra Real Estate has broken ground on a new 160-unit multifamily development in Rochelle Park, the latest piece of a mixed-use site directly south of Westfield Garden State Plaza.
Known as The Delford, the six-story project will soon rise at 120 West Passaic St. with the help of a $34.8 million construction loan from Provident Bank. The developer’s plans call for upscale one- and two-bedroom homes and amenities such as lounge space, a rooftop terrace, co-working offices, a fitness center and others, providing a location that is minutes from routes 4, 17 and 208, Interstate 80 and the Garden State Parkway.
JLL senior managing directors Michael Klein and Jon Mikula arranged the financing on Tulfra’s behalf. Robert McKee, Provident’s vice president of commercial real estate, represented the lender.
“We are grateful to our financing team,” said Sonny Jumani, Tulfra’s CEO and president. “Provident Bank has provided financing for many Tulfra projects over the past 20 years, and we value our relationship highly.”
Slated for completion in 2024, The Delford will be part of Village Center of Rochelle Park, a mixed-use development including 8,000 square feet of retail space and a 100,000-square-foot self-storage facility, which has since been sold to a self-storage operator. Other amenities for the apartment building will include a swimming pool with a lounging deck and grills, along with covered parking in a two-story garage.
Aside from the adjacent Westfield Garden State Plaza, residents will have access to a bevy of other retail and entertainment destinations in and around Paramus. The site is also a 15-minute drive from the George Washington Bridge, with public transportation along routes 17 and 4.