Billionaire’s mega-mansion proposal in Montclair meets vigorous opposition

New York /
Mar.March 26, 2019 03:08 PM

Some residents from the township of Montclair are in an uproar over a proposal to erect a 60,000-square-foot mansion adjacent to the Eagle Rock reservation in Essex County, according to NorthJersey.com, which noted that if built, the “Lloyd Estate” would be larger than the White House and rival President Donald Trump’s Mar-a-Lago estate in Palm Beach, Florida. The outlet reported that Turkish billionaire Melih Abdulhayoglu, founder of Clifton-based cybersecurity firm the Comodo Group, appears to be the owner of the property after his name appeared in building proposal documents recently filed in Montclair. Plans for the sprawling estate reportedly include a billiard room, bowling alley, movie theater, two elevators, indoor and outdoor pools, a gym, spa and an 11-car garage. If approved, the mansion would be similar in size to Microsoft co-founder Bill Gates’ own “Xanadu 2.0” estate outside Seattle. NorthJersey.com reported the site of Abdulhayoglu’s proposed palace required the purchase of two separate homes on six acres in Montclair that were both razed in February. The publication reported that local residents have voiced dissension over the destruction when the the pair of properties — a Civil War-era home at 14 Undercliff Road that sold for $3.88 million in January 2018 and a 1907 seven-bedroom mansion at 172 Lloyd Road that traded for $3.4 million last July — were leveled before scheduled meetings with historic preservation and zoning officials. [NorthJersey.com]


Related Articles

arrow_forward_ios
A rendering of The Pinnacle (Kislak)
Luxury rental complex in Fort Lee sells for $55M
Luxury rental complex in Fort Lee sells for $55M
Gloria Gaynor (Getty, Douglas Elliman)
Gloria Gaynor lists longtime suburban NJ home
Gloria Gaynor lists longtime suburban NJ home
Progress Capital partner Brad Domenico and Broadacres Office Park (Photos via Progress Capital)
Bloomfield, NJ office complex sells for $52M
Bloomfield, NJ office complex sells for $52M
Asbury Park, New Jersey (iStock)
Asbury Park residents choose less stringent rent control
Asbury Park residents choose less stringent rent control
The Birch Group CEO Mark Meisner and Mack-Cali CEO Mahbod Nia with (clockwise from top left: 101, 103, 150 and 51 John F. Kennedy Parkway, Short Hills (Mack-Cali, Linkedin)
Mack-Cali sells Short Hills, NJ office portfolio for $255M
Mack-Cali sells Short Hills, NJ office portfolio for $255M
(Getty)
Different state, same problem: Office availbility soars in NJ
Different state, same problem: Office availbility soars in NJ
The effective rate was 1.1 percent, on average, in 2020, down from 1.14 percent in 2019. (iStock)
Homeowners’ property taxes grew twice as fast last year
Homeowners’ property taxes grew twice as fast last year
New Jersey Gov. Phil Murphy (Getty)
NJ order tapping security deposits to pay rent is back in court
NJ order tapping security deposits to pay rent is back in court
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...