Eric Witmondt | The Power List

2024 NJBIZ Commercial Real Estate Power List

NJBIZ STAFF//November 4, 2024//

Witmondt_Eric
Witmondt_Eric

Eric Witmondt | The Power List

2024 NJBIZ Commercial Real Estate Power List

NJBIZ STAFF//November 4, 2024//

Listen to this article

Woodmont Properties

As Woodmont Properties CEO, Witmondt – a second-generation leader of the firm – has been instrumental expanding the range, scale and locations of its development. Today, the multidisciplined vertically integrated real estate company is one of the leading regional developers, with the internal resources to develop a property from raw land through completion and financial success.

Fielding a diverse portfolio of residential and commercial properties, Witmondt ensures that Woodmont Properties continues to combine an entrepreneurial spirit with institutional controls, leveraging the strength and tenure of its executive leadership team. During his tenure, in the last 15 years alone Woodmont has grown to more than 160 team members, constructed more than 5,000 luxury rental residences and purchased or developed more than 5 million square feet of industrial space.

The company has also expanded geographically. It now operates throughout New Jersey, eastern and central Pennsylvania, South Florida and most recently, Texas, with its first industrial development scheduled to begin later this year at the Port of Houston. Under Witmondt’s watch, Woodmont Properties’ development pipeline has grown to value of more than $2 billion, including 3,000 luxury apartment residences, nearly 800 luxury senior living residences and 5 million square feet of industrial space. Current construction projects include 500 luxury apartment residences in Hopewell and Randolph; and in Pennsylvania, the second phase for Woodmont Valley at Lower Macungie encompasses 120 luxury rental residences and 13,000 square feet of commercial space.