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Lowe's home improvement finalizes deal to open in Hanover this summer

The Record, Bergen County logo The Record, Bergen County 12/17/2018 Joan Verdon
a close up of a sign© Provided by Gannett Co., Inc.

A 118,093-square-foot Lowe's home improvement store is expected to open next summer in Hanover. 

The Lowe's will be the anchor tenant at Cedar Village, a shopping center under construction on Hanover Avenue, between Horse Hill Road and Martin Luther King Avenue, in the Cedar Knolls section, according to Monday's lease announcement.

The center will also include a 7,150-square-foot gas station with  a 5,500-square-foot convenience store, according to a statement from the developers, RD Management LLC and JMF Properties.

The gas station will have 16 gas pumps, said  Richard Birdoff, principal and president of RD Management, in a phone interview Monday. The convenience store and gas station operator has not yet been announced. Birdoff said he expects to have an announcement about that in the "not too distant future."

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Cedar Village is located in corridor "that has seen a lot of development in the last couple of years and there's even more to come," Birdoff said. 

RD Management is also developing Morris Marketplace, a retail and residential project located on the opposite side of Hanover Avenue.

Birdoff said the Cedar Village and Morris Marketplace locations are attractive to tenants because they are in a developing area, "with great proximity to the different municipalities of Hanover, Morris Township, Morris Plains and Morristowns." Birdoff called Morris County a "top-tier destination for shoppers."

The developers first revealed that Lowe's would be the anchor tenant for the project in the spring, when plans were submitted to municipal and county officials for approval. 

When the project was first announced in 2017, a BJ's Warehouse store was planned for the site. BJ's dropped out this year, and Lowe's became the replacement tenant.

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This article originally appeared on North Jersey Record: Lowe's home improvement finalizes deal to open in Hanover this summer

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