A developer has acquired nearly 10 acres in Paramus with approvals in place for 162 age-restricted apartments, according to a brokerage team with Hudson Atlantic Realty.
The property, located at 731 Pascack Road, sold for $9.25 million amid a plan that will transform the onetime home of a multigenerational family farm and garden center. Brokers noted that the project calls for three four-story luxury apartment buildings plus a separate clubhouse, likely complementing the new Brightview Joy’s Farm assisted living facility that’s under construction next door and slated to open in late 2026 or 2027.
Paramus tract slated for 162-unit luxury senior housing project sells for $9.25 million