The developers of a mixed-use project in Montclair have unveiled new details for what they say will transform a site at the edge of the township's main business district.
Several features remain the same, but LCOR and the Pinnacle Cos. have updated the amount of commercial space planned for the $100 million project on Bloomfield Avenue. The firms said in a news release that the project will include about 24,500 square feet of office space and 25,500 square feet of retail space.
Now called Valley & Bloom, the project also will have 258 apartments and 571 parking spaces. The developers also touted environmentally friendly design features and amenities inside the units.
LCOR, a Berwyn, Pa.-based developer, and Montclair-based Pinnacle broke ground in November on the project at the corner of Valley Road. They said at the time they expect to complete it by mid-2015, transforming the site of former DCH Auto Group facility and kicking off a broader redevelopment plan for Bloomfield Avenue.
“Our goal for Valley & Bloom is to create an extension to Montclair’s successful downtown, further expanding the walkable area within the community,” James Driscoll, senior vice president of development at LCOR, said in a prepared statement. “This live/work community is a vital component to the township’s Gateway Redevelopment Plan aimed at implementing mixed-use and smart growth redevelopment.”
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