KABR GROUP, HORNROCK PROPERTIES BREAK GROUND ON SIX-STORY MULTI-FAMILY BUILDING IN RIDGEFIELD PARK’S OVERPECK CORPORATE CENTER
216-Home Property Will Be the First Residential Component in the 60-Acre Mixed-Use Complex on Challenger Road
Ridgefield Park, NJ, October 22, 2025 – KABR Group and Hornrock Properties have broken ground on a new six-story luxury multi-family rental building at 95 Challenger Road, marking the first multi-family development within Ridgefield Park’s Overpeck Corporate Center and a major milestone for the 60-acre mixed-use campus located just five miles west of Manhattan.
Principals from both firms were joined by Mayor Adam MacNeill, municipal officials, and local dignitaries today (Wednesday, October 22, 2025) to celebrate the start of construction on the 216-home community. Set along the banks of Overpeck Creek and adjacent to the 805-acre Overpeck Park, the development will offer modern residences, a full suite of amenities, and 2,000 square feet of ground-floor retail space. The community will also include 22 affordable apartments, reinforcing Ridgefield Park’s commitment to providing diverse housing options.
“95 Challenger Road represents an exciting next chapter for Overpeck Corporate Center,” said Michael Goldstein, Chief Operating Officer of KABR Group. “For more than a decade, KABR has been deeply invested in this campus, owning and managing commercial assets that have made it a premier destination for businesses. With this new ground-up multi-family building, we’re complementing that legacy, creating a vibrant, mixed-use environment where people can live, work, and enjoy the amenities of the property and surrounding area.”
Alongside KABR Group, Hornrock Properties brings extensive development experience to 95 Challenger Road.
“We’d like to thank Mayor MacNeill and Ridgefield Park’s civic leaders for their support of this development,” said David Hornblass, Principal of Hornrock Properties. “This is an incredibly unique site, offering the tranquility of being nestled between Overpeck Creek and Overpeck County Park, yet located in the heart of one of Bergen County’s key business centers. Today’s groundbreaking is the culmination of years of planning, and we’re excited to officially get construction underway.”
Mayor MacNeill emphasized the significance of the development for Ridgefield Park and the combined efforts of KABR Group and Hornrock Properties.
“This partnership stands ready to transform a challenging site into one of North Jersey's premier living destinations,” said Mayor MacNeill. “With its ideal location near beautiful county park and unbeatable proximity to New York City, this development truly offers the best of both worlds … On behalf of the village, we are proud to be part of this endeavor and look forward to the positive impact it will have for years to come. Thank you, and let's get to work.”
Designed by Minno & Wasko Architects and Planners, the building will feature a mix of studio, one-, and two-bedroom residences and a comprehensive amenity collection, including an outdoor pool, resident lounge, café, coworking space, game room, golf simulator, children’s playroom, pet spa, and a state-of-the-art fitness center. Residents will have access to enclosed garage parking with EV charging stations.
The property spans 4.66 acres on the northeastern edge of Overpeck Corporate Center. Residents will also enjoy direct walking access to Overpeck County Park, Bergen County’s premier recreational destination spanning more than 805 acres, which includes multiple athletic tracks and fields, picnic and fishing areas, a children’s playground, a canoe/kayak launch into Overpeck Creek, a grass amphitheater, 5 miles of walking and bike trails, and more.
The location offers exceptional regional connectivity via the New Jersey Turnpike, Interstate 80, and Route 46, with convenient access to the George Washington Bridge, Lincoln and Holland tunnels, New York City, and nearby Hudson River waterfront communities including Fort Lee, Edgewater, Hoboken, and Jersey City. NJ Transit bus service is also available in the surrounding area.
KABR also controls 64 Challenger Road, where it is working with the municipality on plans for a second multi-family building.
About KABR Group
The KABR Group (“KABR”) is a vertically-integrated, private equity real estate firm responsible for the investment, management, and development of commercial, multifamily, industrial, and hospitality real estate. Since being founded in 2008, KABR has acquired approximately 110 properties comprised of six million square feet of development rights, four million square feet of office and industrial space, and more than 5,000 multifamily units.
About Hornrock Properties
Hornrock Properties LLC is a family-owned and operated developer of luxury multi-family apartment complexes, primarily in New Jersey, USA. A leader in the regional multifamily industry, Hornrock has completed numerous successful projects and currently has over 2,000 units with a capitalized development value of over $500,000,000 in various stages of development.