What Is High Mountain Promenade?Concrete, steel, and storefront glass define High Mountain Promenade, a new mixed-use development planned for 987 Belmont Ave. in North Haledon, New Jersey.It is a new-construction project by Tulfra Real Estate and The Hampshire Companies, positioned in the heart of North Haledon near the Passaic-Bergen County line.Its mixed-use identity centers on combining residential, retail, and self-storage functions within one coordinated site. The plan includes 90 luxury apartments, a 4,400-square-foot retail building, and a self-storage component as part of the broader development program.The project’s neighborhood context is shaped by a visible Belmont Avenue location near schools, parks, and major roadways. Similar projects often gain investor attention when they benefit from strategic locations near major transportation corridors.Developers present it as a modern destination intended to serve North Haledon and nearby Passaic and Bergen County markets.The name “promenade” signals a commercial-residential destination, not a park, trail, or civic open-space concept.Public materials frame this as the first phase of a broader site plan.What’s Planned at High Mountain Promenade?At 987 Belmont Ave., the first phase of High Mountain Promenade is planned as a mixed-use development. It would be anchored by 90 luxury apartments, about 4,000 to 4,400 square feet of retail, and a major self-storage component.The housing plan includes 16 affordable units and three stories above covered parking. Residents would also have access to about 6,500 square feet of amenities, including co-working space, a lounge, a gym, a party room, an interior patio, and a pool.A Starbucks with a drive-thru is proposed as part of the retail mix. A second storefront is intended for a local restaurant.Retail programming is designed to serve daily neighborhood traffic. Similar mixed-income projects elsewhere have used Area Median Income guidelines and buyer support systems to help keep affordable housing accessible to local residents. The climate-controlled storage component would add about 596 to 600 units.The storage facility is planned as a four-story building totaling roughly 74,715 to 80,000 square feet. It would include boulevard-style access and a proposed new traffic signal.Why Did High Mountain Promenade Break Ground in 2026?High Mountain Promenade broke ground in 2026 after major financing and project readiness aligned, moving the North Haledon development out of planning and into construction.A January construction loan marked the financing catalyst, showing that capital was available for the next stage. That milestone pushed the mixed-use proposal beyond approvals and into actionable development.Readiness and Demand Tightened the TimelinePlanning materials already framed the 987 Belmont Avenue site as the first phase, with residential, retail, and storage components clearly defined. Access planning, including a boulevard-style entrance and requested traffic light, indicated site logistics were advancing.Market conditions also supported movement. The project’s 90 apartments, 4,400 square feet of retail, and North Haledon’s only self-storage option reflected a phased strategy tied to multiple local needs and reduced near-term development risk.How Is High Mountain Promenade Being Financed?Securing construction financing became the decisive mechanism for moving High Mountain Promenade into development in North Haledon.JLL Capital Markets arranged the construction financing on behalf of a joint venture between Tulfra Real Estate and Hampshire Real Estate Companies. First Bank provided the loan announced Jan. 29, 2026.What the Capital SupportsThe financing aligns with a multi-phase mixed-use plan at 987 Belmont Ave. It is centered first on a 74,715-square-foot self-storage facility.Ninety apartments and 4,400 square feet of retail remain part of the broader program.It signals institutional confidence in a staged project.It reflects disciplined joint venture structuring.
It supports storage immediately, not the full buildout.It leaves the loan amount publicly undisclosed, adding tension.Borough materials also identify residential, retail, storage, and 16 affordable units.When Will High Mountain Promenade Be Completed?By February 2026, High Mountain Promenade had broken ground, but no public completion date had been announced in the cited reporting.The available coverage identified the project at 987 Belmont Avenue in North Haledon as under construction and structured in multiple construction phases.That means the completion timeline may vary by component rather than arrive as one single finish date.First Phase Moves AheadThe clearest active phase was a 74,715-square-foot, three-story self-storage building with climate-controlled units and loading-service levels.Financing was reported primarily for that portion, while other uses remained in predevelopment.Later Phases Still PendingPlans also include 90 luxury apartments and about 4,400 square feet of retail space.Because those elements depend on later approvals, sequencing, and financing disclosures, any overall completion estimate would remain speculative.AssessmentThe groundbreaking marks a consequential step for a high-profile New Jersey public space project with regional visibility.Its progress now depends on execution, funding stability, and adherence to the announced timeline.As construction advances, High Mountain Promenade is positioned to reshape access, circulation, and land use in its surrounding area.The project’s next phases will be watched closely by local officials, residents, and stakeholders as costs, deadlines, and development impacts come into sharper focus.
