JMF Properties breaks ground on Clarus luxury community in Glen Ridge

May 07, 2019 05:35PM

Whippany-based developer JMF Properties broke ground last week on a 110-unit residential development in Glen Ridge, NJBIZ reported. The development, near downtown Montclair and the New Jersey Transit Bay Street station, is the second Clarus-branded developmentfrom JMF. Plans at the site, located at 275 Baldwin Street, call for one and two-bedroom floorplans and 8,500 square feet of amenity space for a business center, fitness room, yoga studio and lobby lounge, all of which will be available to potential residents. JMF said that a 220-space parking garage adjacent to its Clarus Glen Ridge complex has already been completed. NJ.com reported that the development itself is slated to open in early 2020. The Real Deal reported last year that JMF also broke ground on a $50 million development in Plainfield known as Quin Sleepy Hollow, which will bring 212 luxury units to the Union County city. JMF is also working with RD Management and Accurate Builders and Developers on a 14-acre residential site they acquired in late 2018 at the former Military Ocean Terminal in Bayonne. The joint venture partners are planning to bring 651 luxury residences to the area, which is near the Bayonne Golf Club, a $150,000 initial fee course built on a former landfill. [NJBIZ]