{"id":10978,"date":"2026-02-18T14:26:10","date_gmt":"2026-02-18T14:26:10","guid":{"rendered":"https:\/\/listselfstorage.com\/us\/industry-insights\/?p=10978"},"modified":"2026-04-24T08:48:12","modified_gmt":"2026-04-24T08:48:12","slug":"mixed-use-project-gets-major-financing-for-self-storage-facility-luxury-apartments-in-passaic-county-new-jersey","status":"publish","type":"post","link":"https:\/\/listselfstorage.com\/us\/industry-insights\/mixed-use-project-gets-major-financing-for-self-storage-facility-luxury-apartments-in-passaic-county-new-jersey\/","title":{"rendered":"Mixed-Use Project Gets Major Financing for Self-Storage Facility & Luxury Apartments in Passaic County, New Jersey"},"content":{"rendered":"


\n\"\"<\/p>\n

A construction loan has been arranged for High Mountain Promenade, a multi-phase mixed-use development being built in North Haledon.<\/span><\/span><\/span><\/p>\n

The loan from First Bank will primarily fund the first phase of the development, a three-story, 74,715-square-foot self-storage facility, according to a Jan. 29 statement by JLL Capital Markets.<\/span><\/span><\/span><\/p>\n

JLL secured the financing for the project, which will be developed by a joint venture between Tulfra Real Estate and Hampshire Real Estate Companies.<\/span><\/span><\/span><\/p>\n

The project is located at 987 Belmont Ave.<\/span><\/span><\/span><\/p>\n

A portion of the financing will support future development phases that include 90 luxury apartments and 4,400 square feet of retail space with a drive-thru.<\/span><\/span><\/span><\/p>\n

The self-storage facility will offer 55,394 rentable square feet of climate-controlled units and feature two floors with loading capabilities.<\/span><\/span><\/span><\/p>\n

Public Storage will manage and lease the facility, which will be the only self-storage option serving North Haledon.<\/span><\/span><\/span><\/p>\n

JLL\u2019s Capital Markets Debt Advisory team, representing the borrower, was led by Senior Managing Directors Michael Klein and Jon Mikula, along with Director Ryan Carroll and Analyst Michael Donohoe.<\/span><\/span><\/span><\/p>\n

Source<\/span><\/span><\/span><\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A construction loan has been arranged for High Mountain Promenade, a multi-phase mixed-use development being built in North Haledon. The loan from First Bank will primarily fund the first phase of the development, a three-story, 74,715-square-foot self-storage facility, according to a Jan. 29 statement by JLL Capital Markets. JLL secured the financing for the project, which will be developed by a joint venture between Tulfra Real Estate and Hampshire Real Estate Companies. The project is located at 987 Belmont Ave. A portion of the financing will support future development phases…<\/p>\n","protected":false},"author":13,"featured_media":10979,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[23],"tags":[],"gutentor_comment":0,"_links":{"self":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/10978"}],"collection":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/comments?post=10978"}],"version-history":[{"count":1,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/10978\/revisions"}],"predecessor-version":[{"id":10980,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/10978\/revisions\/10980"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media\/10979"}],"wp:attachment":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media?parent=10978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/categories?post=10978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/tags?post=10978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}