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Woodmont Properties

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Woodmont Properties Market Research Report



Company Overview


  • Name: Woodmont Properties

  • Mission: Create great places for people to live, work, shop, and play.

  • Founded by: Donald Witmondt in 1963.

  • Key People:

  • Donald Witmondt - Chairman

  • Eric Witmondt - Chief Executive Officer

  • Michael Witmondt - Principal

  • Daniel Miller - Chief Operating Officer

  • Lewis Zlotnick - Executive Vice President – Florida / President Emeritus

  • Headquarters: Fairfield, NJ

  • Number of Employees: Over 185

  • Revenue: No information is available

  • Known For: Developing, building, marketing, and investing in a diversified range of real estate including residential, commercial, industrial, office, and mixed-use properties in suburban communities and town centers.


Products


Luxury Apartments


  • High-Level Description: Award-winning rental communities are known for superior locations and high-end amenities.

  • Key Features: Strategic locations, amenities include pools, fitness centers, conference centers, and more.


Luxury Senior Living


  • High-Level Description: Development of independent living, assisted living, and memory care communities.

  • Key Features: Tailored for seniors with options for active adult living.


Luxury Homes


  • High-Level Description: Development of townhomes, condominiums, and single-family residences.

  • Key Features: Sophisticated designs and high-end amenities creating elegant living experiences.


Industrial Properties


  • High-Level Description: Development and management of port/intermodal industrial spaces, with a focus on Eastern U.S.

  • Key Features: Investment in value-add properties, improvements, and redevelopment for strategic repositioning.


Office/Retail Properties


  • High-Level Description: Offices and retail properties, with a focus on market adaptability.

  • Key Features: Understanding of evolving sector needs to meet tenant and market demands.


Hospitality/Recreation


  • High-Level Description: Investment portfolio including golf and tennis facilities, focus on evolving recreational spaces.

  • Key Features: Repositioning facilities to enhance country club membership experiences.


Recent Developments


New Projects and Developments


  • September 18, 2024: Woodmont and Butters Construction broke ground on an 84,000-square-foot warehouse in South Florida.

  • May 22, 2024: Named conditional redeveloper for a key parcel in downtown Haddonfield, NJ.


New Products Launched


  • May 9, 2024: Completion of lease-up of Woodmont Liberty in Independence, NJ; sophisticated residences introduced.


New Organizational Changes


  • November 15, 2023: Lewis Zlotnick transitions to a strategic role while Daniel Miller is promoted to Chief Operating Officer.


New Partnerships


  • Co-developer on several projects including partnerships with Butters Construction in Florida and Canoe Brook Development in New Jersey.


Key Achievements


  • Recognized as a leader in real estate, construction, and design.

  • Included in the 2022 Globe St. Multifamily Influencers list.

  • Consistently received awards for design excellence and community impact.




This report is structured to provide an in-depth analysis of the existing operation and recent activities of Woodmont Properties based on the information available and highlights the company's market presence, property offerings, and strategic initiatives.