MONTCLAIR, NJ—LCOR and co-developer The Pinnacle Companies have topped out the first building in the development Valley & Bloom, in Montclair's central business district. 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 has two buildings with 258 rental apartments ranging from studio to two-bedroom layouts. The mixed-use community will also have 20,000 square feet of office space, 22,000 square feet 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,” says James Driscoll, senior vice president of LCOR. “We are already fielding interest for the office and retail portion of the development, as many tenants are excited about the unique opportunity for a modern space with an in-town location. The team is eager to introduce this project to the community and we are on track for a spring launch.”

“It is gratifying to see Valley & Bloom steadily come to fruition as the entire Montclair Center Gateway Redevelopment Project takes shape,” says Brian Stolar, president and CEO, The Pinnacle Companies. “The development is a beneficial addition to the Montclair community, further expanding the downtown area to a previously inactive area, with sought-after retail and new state-of-the-art LEED office space.”

Valley & Bloom will offer residents an array of top-of the-line amenities that complement the lifestyle at this mixed-use development, including a fitness center with a separate room for dance or yoga, resident lounges with Wi-Fi, gaming area, children's playroom and 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.

Office tenants will also have access to the fitness center, locker room with private showers and bike storage. The retail space offers 18-foot ceilings with large floor plates, presenting the opportunity for retailers to establish a presence in this existing market.

Valley & Bloom marks phase one of the Montclair Center Gateway Redevelopment Plan. The Pinnacle Companies recently received approval for phase two, which will consist of The MC hotel, part of Marriott International's Autograph Collection, slated to begin construction in 2015. The hotel will include a business conference center, a gourmet farm-to-table restaurant and a rooftop bar.

Instant Insights /

First Phase of Montclair's New Mixed-Use Development, Valley & Bloom, Tops Out

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