Developer Louis Mont has formed a firm to focus on mixed-use and high-rise development opportunities in key New Jersey Gold Coast cities.
Mont has named his company Skyline Development Group, LLC, and assembled a team of employees with whom he has worked with on previous projects in Hoboken and Jersey City.
“It’s no secret Hudson County has become a hotbed of residential development and a sought-after location for both New York metro area buyers and renters,” said Mont. “I’m thrilled to be able to create a fresh new company that’s uniquely positioned and staffed to tap into this flourishing market.”
Skyline has already launched with the acquisition of a fully approved 14-story project that will deliver 70 condominiums to 8701 Churchill Road in North Bergen.
It has secured $55.5 million in financing for the building from Mosaic Real Estate Investors,. Jonathan Aghravi of New York City-based JBA Equities served as broker for the transaction.
Construction is slated to begin in September for the yet-to-be-named development located just off River Road.
Prior to the creation of Skyline Development Group, Mont was the Chief Operating Officer of a Manhattan Building Company.