By Caitlin Flynn
LCOR, a fully-integrated real estate company specializing in property development, investment and management, along with co-developer The Pinnacle Companies, have announced that the first building within the development Valley & Bloom, in Montclair’s central business district, has topped out. The first phase of the mixed-use project is on track to be completed by the end of May 2015, with the second building following shortly after.
Located at 638 Bloomfield Avenue, Valley & Bloom is comprised of two buildings that will include a total of 258 rental apartments ranging from studio to two-bedroom layouts. The mixed-use community will also offer 20,000,sq. ft. of office space, 22,000 sq. ft. of retail space and 571 parking spaces.
“Construction at Valley & Bloom is continuing to move along steadily, and anticipation is building as the site takes shape,” said James Driscoll, Senior Vice President of LCOR.
“It is gratifying to see Valley & Bloom steadily come to fruition as the entire Montclair Center Gateway Redevelopment Project takes shape,” said Brian Stolar, President and CEO, The Pinnacle Companies.
Valley & Bloom will offer residents and office tenants an array of top-of the-line amenities that complement the lifestyle at this mixed-use development. Select amenities include a fitness center with a separate room for dance or yoga, gaming area, children’s playroom and a total of four landscaped outdoor spaces, including two roof deck spaces and two interior courtyards. Other amenities include bike storage and a parking garage with a state-of-the-art automated parking system and solar panel awnings on the roof.
Another added perk for both office and retail tenants is the close proximity to the neighborhood’s restaurants, shops and public transportation, all within walking distance; and easily accessible through the community’s planned shuttle, bike share and car share programs.