Westfield, N.J., Dec. 08, 2015 — The Hampshire Companies celebrated the groundbreaking of a 70-unit luxury multi-family complex located at 333 Central Avenue in Westfield, N.J. along with joint venture partner Claremont Companies and project investment advisor Circle Squared Alternative Investments. The development, located just 1/10th of a mile from Westfield’s NJ Transit line with direct access to New York City, will create the town’s first transit-oriented, luxury residential community. The event brought together executives from The Hampshire Companies, Claremont Companies, Circle Squared Alternative Investments, project investors, and Westfield Township officials to mark the official start of the project.
“We’re excited to break ground and officially start developing the first transit-oriented, luxury community of its kind in Westfield,” said Norman Feinstein, Vice Chairman of The Hampshire Companies. “We look forward to preserving the character that makes Westfield such a special place to live while drawing from its vibrant culture to create a community that compliments all that Westfield has to offer. We are grateful to Mayor Skibitsky and members of the Town Council for believing in and supporting our vision.”
Slated to be completed in Spring of 2017, the four story, 126,340-square-foot community will feature a variety of unit layouts ranging from 700 square feet to 1,550 square feet. Options renters will have to choose from will include one or two-bedrooms with select units featuring a den and a private terrace. Amenities that all renters at 333 Central Avenue will have include hardwood floors throughout, 9’ ceilings, stainless steel appliances, granite countertops, and spacious walk-in closets. Community amenities include secure and covered parking, a luxurious lounge with a wet-bar for entertaining, a state-of-the art gym with a yoga room, a roof top lounge and ample additional storage units located on each floor.
“When you look at Westfield and all it has to offer from its central location, its vibrant downtown with dozens of restaurants and hundreds of retailers and couple that with direct access to New York City it’s not hard to see why people love living here,” said Jeffrey Sica, Founder and President of Circle Squared Alternative Investments. “When Hampshire approaches us with projects as exciting as this one, it makes our job of finding accredited investors for the project much easier. My clients are always thrilled to be a part of something so transformative and Circle Squared is always proud to work with trusted partners like Hampshire and Claremont Companies.”
“333 Central Avenue will come to serve as an example of how transit-oriented, multi-family communities can provide opportunities for non-urban towns to stay competitive with the generation of residents who want to work, live and play all within their communities,” added Richard Sciaretta, Director, for Claremont Companies. “We are breaking the mold on what typical transit development means and creating something that is sustainable for suburban growth and attractive to a diverse population that wants easy access to retail and dining as well as mass transit access to urban centers of commerce like New York City and Newark.”
To stay connected with The Hampshire Companies and for updates on the latest transactions and news follow Hampshire on Facebook (www.facebook.com/HampshireRE/), Twitter (@hampshireco), and LinkedIn (www.linkedin.com/company/the-hampshire-companies).
To stay connected with Circle Squared Alternative Investments and to learn more about alternative investments in real estate please visit www.circlesquaredalts.com or follow Circle Squared on Twitter (@CSQalts) and on LinkedIn at (www.linkedin.com/company/circle-squared-alternative-investments/).
To stay connected with Claremont Companies follow them on The News Funnel at www.thenewsfunnel.com.
About The Hampshire Companies
The Hampshire Companies is a full-service, private real estate investment 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.hampshireco.com.
About Claremont Companies
Claremont Companies is a third generation, fully integrated principal development and general construction firm focused on transit-oriented and downtown urban multi-family/mixed-use projects throughout New Jersey and the Metropolitan Area. Claremont’s ability to leverage the synergies between its real estate development and general construction platforms translates to a streamlined process from site acquisition through entitlements and delivery. For more information on Claremont please visit www.claremont-companies.com
About Circle Squared Alternative Investments
Circle Squared Alternative Investments is a firm devoted to providing independent financial advisors with access to a range of innovative alternative investments previously available only to institutions and ultra-high net-worth investors. The suite of investment products will include real estate, private equity, private credit, natural resources, private placement offerings, entertainment and media. In addition, the firm’s team will serve as coaches and mentors to advisors, helping them to better understand and communicate to their clients the role and advantages of alternative investments in a portfolio. For more information about Circle Squared, visit www.circlesquaredalts.com.
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