Teaneck, New Jersey, is set to witness a significant expansion of its luxury residential landscape with the ongoing development of The Marq, an upscale rental community that has rapidly established itself as a premier destination in Bergen County’s highly competitive housing market. This ambitious second phase promises to double the complex’s capacity, introducing enhanced amenities and further solidifying its appeal to discerning residents.
Malas Development has successfully acquired an additional 2.5 acres at 359 Alfred Avenue in Teaneck, paving the way for this substantial second phase. The site, previously home to an industrial building, has undergone demolition as construction commences on this segment of the $200 million luxury rental project. Developers anticipate the completion of this new phase by the end of 2026, marking a pivotal moment for the Teaneck real estate scene.
The second building, designed to be six stories tall, will seamlessly integrate with the existing structure at 329 Alfred Avenue. This new addition will contribute 248 rental residences, bringing the total number of units in The Marq complex to an impressive 504. The strategic expansion aims to meet the sustained demand for high-end living options in the area.
Residents of the existing 256-unit first phase, which opened earlier this year at 329 Alfred Avenue, currently enjoy a sophisticated living experience. The units offer a diverse mix of studio, one-bedroom, and two-bedroom layouts, including distinctive loft-style homes on the top floor. These residences boast modern finishes such as spa-inspired bathrooms, in-unit washer/dryers, spacious walk-in closets, and gourmet kitchens equipped with stainless-steel appliances, quartz countertops, and soft-close cabinetry. Select units further elevate the living experience with high ceilings, private balconies, and convenient kitchen islands.
Beyond the individual units, the community provides a comprehensive suite of indoor and outdoor amenities designed for comfort and convenience. The property features a beautifully landscaped courtyard with a refreshing pool and inviting fire pits, ideal for relaxation and social gatherings. Professional co-working spaces and private conference rooms cater to remote professionals, while resident lounges offer comfortable areas for leisure. Additional perks include a dedicated pet spa, attentive concierge service, and a fully equipped fitness center. On-site parking, complete with EV charging stations, secure package lockers, and convenient bike storage, round out the offerings, ensuring a truly modern residential experience.
The forthcoming second phase will introduce an even more elevated amenity package for its residents. Envisioned to include studio to three-bedroom homes, the new building will feature luxurious additions such as sauna and massage rooms, enhancing the wellness aspect of the community. A state-of-the-art sport simulator and a sophisticated rooftop terrace will provide unique recreational opportunities, further enriching the lifestyle offered at The Marq.
Mark Malas, managing member of Malas Development, expressed confidence in the project’s success, stating, “The first building at The Marq has exceeded expectations, both in terms of leasing velocity and the overall resident experience.” He emphasized the continued strong demand, asserting, “With demand remaining strong, we’re moving forward with the next phase to complete the vision for a cohesive, upscale residential destination in this well-connected pocket of Teaneck.” This expansion underscores a commitment to delivering a premier living environment within Bergen County’s dynamic market.
