Harrison, New Jersey, June 30, 2016 — The Hampshire Companies along with joint venture partner, CrownPoint Group, and project investment advisor, Circle Squared Alternative Investments have announced full occupancy at 221 Bergen, a 104-unit luxury residential complex on Bergen Street in Harrison, N.J. Located in the River-bend section of Harrison, 221 Bergen broke ground in October of 2014 and opened on October 2, 2015. The community quickly reached full occupancy in just seven months continuing to be a shining star in Harrison’s renaissance.
Situated on nearly one and a half acres, 221 Bergen features two 52-unit luxury residential buildings with one and two-bedroom rental units that are geared toward today’s young, urban professionals. Amenities include a Resident’s Lounge with a kitchen and entertainment area, a fitness room with Life Fitness equipment, a yoga room with an On Demand Kiosk loaded with 140 pre-recorded classes, furnished rooftop terrace with upscale seating and umbrellas, spacious greeting lobbies and available one car garages with openers and storage units.
“The immediate and overwhelming interest we received on this project is a testament to our dedication to create something that is more than just a building, but an opportunity to take part in the revitalization of a growing, thriving community. 221 Bergen embodies that sense of community,” said Jon F. Hanson, Founder and Chairman of The Hampshire Companies. “This project encompasses the passion for the continued renaissance by Harrison’s Mayors. First, by the late Mayor Ray McDonough, and subsequently by Mayor James Fife. Together with CrownPoint Group and Circle Squared Alternative Investments we welcome Harrison’s newest residents home to enjoy all that 221 Bergen and this town has to offer.”
“221 Bergen and Harrison’s renaissance has attracted millennials, empty-nesters and investors becoming one of the most successful projects in the oft-written Gold Coast leasing up in just seven months and further solidifying the need for transit-oriented communities,” said Jeffrey Milanaik, CEO of CrownPoint Group. “
“We knew immediately that 221 Bergen was a great opportunity given its location, support from the community and the reputation of The Hampshire Companies and CrownPoint Group,” said Jeffrey Sica, Founder and President of Circle Squared Alternative Investments. “Between the vision of the town’s leaders and the experience of the developers involved, garnering interest in this project was easy. We’re proud to be a part of 221 Bergen’s success and the continued renaissance of such a historic and vibrant town.”
All one and two-bedroom luxury apartments at 221 Bergen feature nine-foot ceilings, entry foyers, full-sized washer and dryers, recessed and pendant lighting in the kitchen with quartz countertops with “roundover” edges, gas stoves with outside ventilation, Whirlpool™ stainless appliances, WiFi access throughout the building and optical cables for choice between Comcast or Verizon. Bathrooms feature a tub and shower surrounded by ceramic tile, cultured marble vanity top integral bowl and Moen™ bath accessories. All residences feature individually controlled central air conditioning and energy efficient heating. Walk-in closets, secured storage and garage parking is available.
Located within Harrison’s Waterfront Redevelopment Area, the property is located one quarter mile away from the PATH station offering direct access to New York City, as well as NJ Transit, Amtrak and major area highways including I-280, I-95 and Route 21.
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.hampshirere.com.
To stay connected with The Hampshire Companies and for updates on the latest transactions and news follow Hampshire on Facebook (www.facebook.com/hampshireco), Twitter (@hampshireco), and LinkedIn (www.linkedin.com/company/the-hampshire-companies).
About CrownPoint Group
CrownPoint Group, LLC is a privately held real estate investment, development and construction firm with over 30 years of experience serving the Tri-State area. The company’s commitment to integrity and high standards of excellence translate into a quality result.
The company’s success is rooted in its diverse construction background. In addition to residential work, CrownPoint is known for its mixed-use, commercial and industrial projects along with numerous renewable energy ventures. For more information on CrownPoint visit www.crownpointgroup.com
About Circle Squared Alternative Investments
Circle Squared Alternative Investments is a firm devoted to uncovering alternative investment opportunities in real estate, private equity and private credit among others. In addition, the firm’s team will serve as coaches and mentors to financial 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.
This press release contains general information that is not suitable for everyone. The information contained herein should not be construed as personalized investment advice. Past performance is no guarantee of future results. There is no guarantee that the views and opinions expressed herein will come to pass. Investing involves risks such as the loss of principal, and may not be suitable for everyone. Information presented herein is subject to change without notice and should not be considered as a solicitation to buy or sell any security. For additional information about Circle Squared Alternative Investments, LLC (“CSAI”), including fees and services, please send for the disclosure statements as set forth on Form ADV from CSAI using the contact information herein and/or visiting www.adviserinfo.sec.gov. Please read the disclosure statements carefully before you invest or send money.