Yeager, Normandy break ground on second Summit office project

Developers Mark Yeager and Normandy Real Estate Partners have broken ground on their second office and retail building in downtown Summit, the firms said.The four-story project by Yeager’s firm, MRY Associates and Normandy will include 28,000 square feet of office space and 4,500 square feet of ground-floor retail on Springfield Avenue, according to a news release. They expect construction to be complete by next spring, with site work now underway after demolition of an existing structure.

In a prepared statement, Yeager said the site’s location in Summit’s central business district “has proven to be a huge draw for businesses and merchants in the area.” The brick-façade building will be two blocks from an NJ Transit station.

“We’re eager to watch this state-of-the-art building rise out of the ground in the coming months, providing Summit with an infusion of in-demand, high-quality Class A commercial space,” Yeager said.

The project is the second joint venture between Yeager and Morristown-based Normandy. In 2012, the firms redeveloped a former medical building into a new 65,000-square-foot office building.

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