Located within easy walking distance of a major rail station and downtown shopping,
the 126-unit complex will include both affordable and market rate

MORRISTOWN, NJ – August 28, 2019 – Circle Squared Alternative Investments today celebrated the groundbreaking of a four building, 126-unit multi-family residential complex located in Netcong, NJ. The complex will comprise approximately 180,000 square feet on a 4.8-acre site located at 34 Bank Street.  The multi-family development is a joint venture with the CrownPoint Group, a privately held, integrated family of companies with over 90 years of experience in the NY/NJ real estate market, and The Hampshire Companies, a full-service, private real estate investment firm.

“We couldn’t be more excited to partner with CrownPoint and Hampshire on this project,” said Jeff Sica, President and CEO of Circle Squared Alternative Investments. “When analyzing multi-family projects, location is such a critical factor to consider, and along with our partners we collectively agreed that Netcong has a lot to offer. Located just over 40 miles outside of Manhattan, the complex will be within walking distance to rail service–which provides easy access for those who commute to New York City–as well as restaurants, supermarkets and other popular retailers. The beautiful views and recreational opportunities afforded by Lake Hopatcong and the Musconetcong River will also surely place this multi-family complex in high demand by families looking to call Morris County home.”

The multi-family complex will comprise state-of-the-art amenities including a paved terrace with outdoor furniture overlooking the Musconetcong River, a two-story Great Room with kitchen area for entertaining, as well as a business center, billiards parlor and fitness room. Each unit will also boast a luxurious design with high-end appliances, lighting and finishes, offering more than just a cookie-cutter feel.

“We’re happy to be involved in our second joint venture with CrownPoint and Circle Squared,” said Jon Hanson, Chairman of The Hampshire Companies. “We see tremendous opportunity in the Morris County multifamily market, and we look forward to working with our project partners to create a successful project with leases being signed as quickly as we can build it.”

About Circle Squared Alternative Investments
Circle Squared is a registered investment adviser with the Securities and Exchange Commission (SEC) and was founded in 2014 by Jeffrey Sica to work with a finite group of high net worth individuals and family office investors to help them find alternative market investments, primarily in private equity real estate deals.  Led by a team with decades of experience, Circle Squared or its affiliates have been a joint venture member, consultant or otherwise involved with over $800,000,000 in real estate developments and transactions since its founding.  The leadership of Circle Squared has been a part of the acquisition, or development of over 5,000 residential units throughout their careers.  For more information, visit

The past performances of Circle Squared and its affiliates are not indicative of the future results of the Company, the Joint Venture or the Project. Registration does not imply a certain level of skill or training.

About The Hampshire Companies
The Hampshire Companies is a full-service, private real estate firm based in Morristown, New Jersey. The Hampshire Companies is a vibrant, dynamic organization that combines creative vision and superior execution, thereby enabling it to create and enhance value in real estate investments. Additional information on The Hampshire Companies is available online at www.Hampshire.com.  To stay connected with The Hampshire Companies and for updates on the latest transactions and news follow the company on Facebook, Twitter @hampshireco, and LinkedIn.