MONTCLAIR, NJ—LCOR and co-developer ThePinnacle Companies have topped out the first building inthe development Valley & Bloom, in Montclair'scentral business district. The first phase of the mixed-use projectis on track to be completed by the end of May 2015, with the secondbuilding following shortly after.

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Located at 638 Bloomfield Avenue,Valley & Bloom has two buildings with 258rental apartments ranging from studio to two-bedroom layouts. Themixed-use community will also have 20,000 square feet of officespace, 22,000 square feet of retail space and 571 parkingspaces.

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“Construction at Valley & Bloom iscontinuing to move along steadily, and anticipation is building asthe site takes shape,” says James Driscoll, seniorvice president of LCOR. “We are already fieldinginterest for the office and retail portion of the development, asmany tenants are excited about the unique opportunity for a modernspace with an in-town location. The team is eager to introduce thisproject to the community and we are on track for a springlaunch.”

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“It is gratifying to see Valley & Bloomsteadily come to fruition as the entire Montclair Center GatewayRedevelopment Project takes shape,” says BrianStolar, president and CEO, The PinnacleCompanies. “The development is a beneficial addition tothe Montclair community, further expanding the downtown area to apreviously inactive area, with sought-after retail and newstate-of-the-art LEED office space.”

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Valley & Bloom will offer residents anarray of top-of the-line amenities that complement the lifestyle atthis mixed-use development, including a fitness center with aseparate room for dance or yoga, resident lounges with Wi-Fi,gaming area, children's playroom and four landscaped outdoorspaces, including two roof deck spaces and two interior courtyards.Other amenities include bike storage and a parking garage with astate-of-the-art automated parking system and solar panel awningson the roof.

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

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Valley & Bloom marks phase one of theMontclair Center Gateway Redevelopment Plan.The Pinnacle Companies recently received approvalfor phase two, which will consist of The MC hotel, part of Marriott International's AutographCollection, slated to begin construction in 2015. Thehotel will include a business conference center, a gourmetfarm-to-table restaurant and a rooftop bar.

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Steve Lubetkin

Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].