JMF Properties breaks ground at Glen Ridge luxury community

New York /
May.May 07, 2019 03:13 PM

Morris County developer JMF Properties broken ground on a 110-unit residential development in the historic borough of Glen Ridge last week. The development, located steps from downtown Montclair and the NJ Transit Bay Street station, is the second development under the JMF Property brand name Clarus. Plans at the site, located at 275 Baldwin Street, call for one and two-bedroom floorplans. 8,500 square feet of amenity space, including a wellness center with a fitness room, lobby lounge, billiards room and business center, to name a few, will be available to residents at Clarus Glen Ridge. JMF said a 220-space garage adjacent to the property for residents has already been completed. NJ.com said the project is slated to open in spring 2020. JMF Properties, RD Management and Accurate Builders and Developers recently closed the acquisition of a 14-acre site on the former Military Ocean Terminal at Bayonne.  The closing in Bayonne will enable to joint-venture partners to develop 651 luxury residences proximal to the Bayonne Golf Club. JMF properties, as previously reported by The Real Deal, broke ground on a $50 million development in Plainfield in September 2017. The development, known as Quin Sleepy Hollow, added 212 luxury units to the City of Plainfield. [NJBIZ]


Related Articles

arrow_forward_ios
Leonard Stern with Wyndham Garden Hotel Newark Airport (Getty, Hotels Combined)
Hartz buys Newark Airport hotel for $34M, plans demolition
Hartz buys Newark Airport hotel for $34M, plans demolition
Don Ghermezian with American Dream Mall (Getty)
Triple Five’s American Dream misses $9M payment
Triple Five’s American Dream misses $9M payment
Verco Properties' John Verni with 227-239 Harrison Avenue (Twitter, Google Maps)
Tri-state deals: NJ industrial portfolio sale, multifamily deal in Westchester
Tri-state deals: NJ industrial portfolio sale, multifamily deal in Westchester
Tesla's Elon Musk and 1350 Corporate Drive in Westbury (Mattone Investors, Getty)
Tri-state deals: Tesla snaps up 50K sf for showroom, Albany hotel trades hands
Tri-state deals: Tesla snaps up 50K sf for showroom, Albany hotel trades hands
A photo illustration of Samsondale Plaza in West Haverstraw (Royal Properties)
Tri-state deals: Retail and multifamily sales and a waterfront district
Tri-state deals: Retail and multifamily sales and a waterfront district
Triple Five Group CEO Don Ghermezian and American Dream Mall in East Rutherford (RSM Design, Triple Five Group, Arkyan, CC BY-SA 3.0 - via Wikimedia Commons, iStock)
Towns demand American Dream mall fork over $9M
Towns demand American Dream mall fork over $9M
200 Metro Boulevard in Nutley NJ, Prism Capital Partners' Eugene Diaz and Newmark Group Chairman Howard Lutnick (Prism Capital Partners, Loopnet, Getty Images)
Cantor Fitzgerald buys big pharma office building for $132M
Cantor Fitzgerald buys big pharma office building for $132M
Don Ghermezian, CEO, Triple Five Group, in front of the American Dream Mall in East Rutherford (Triple Five Group, American Dream Mall)
American Dream mall can’t catch a break
American Dream mall can’t catch a break
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...