The Real Deal Tristate

S. Hekemian Group to redevelop Mercedes-Benz USA HQ in Montvale

June 11, 2019 06:06PM

Englewood-based developer the S. Hekemian Group secured unanimous borough council approval last week for the redevelopment of the former Mercedes-Benz USA headquarters in Montvale, RE-NJ reported. The redevelopment of the former Bergen County campus, to be called Triboro Square, will include 139,000 square feet of retail space, 350 residential units and 40,500 square feet of office space, as well as a 150-room hotel. Hekemian said demolition at the site has been completed and that construction is slated to begin later this year or in early 2020. The site is located just off Exit 172 of the Garden State Parkway, about 20 miles from the George Washington Bridge and one mile from the New York state border. Mercedes-Benz opted to vacate its former Montvale facility, located at 1 Mercedes Drive, in 2015. The global auto giant had its U.S. headquarters in Montvale since 1972, before relocating to Atlanta. Hekemian is also the owner of the 231,000-square-foot Shoppes at DePriero Farm retail center in Montvale, which is adjacent to the old Mercedes-Benz site. [RE-NJ]