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REI Lot in Paramus Sells for $25M as Developers Plan 426-Unit Mixed-Use Project Near Bergen Town Center

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the staff of the Ridgewood blog

Paramus NJ, a major real estate transaction has reshaped the development landscape in Paramus, NJ, as a fully entitled property near Bergen Town Center sold for $25 million. The site, currently occupied by an REI store and adjacent parking lots on Forest Avenue, just off Route 4, will soon be transformed into a vibrant mixed-use community featuring 426 residential units, retail spaces, and structured parking.

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