MONTCLAIR, NJ – Tapping into the growing appeal of downtown Montclair and the increasing desire to live in an urban-inspired and walkable environment, Richard Polton is set to launch The Montclarion at Bay Street Station, a new luxury rental building steps from NJ Transit’s Bay Street Station.
The new five-story LEED certified building features 40 upscale one- and two-bedroom rental residences, including only seven exclusive top-floor Penthouse apartments with expansive outdoor terraces. Leasing is expected to begin in early March, with monthly rents starting from $2,250 for one-bedroom homes and $2,650 for two-bedroom residences. The apartments will offer immediate occupancy. Value Assent Management, Inc., a full-service division of the Clifton, N.J.-based Value Companies, Inc., will serve as the exclusive leasing and management agent for The Montclarion at Bay Street Station.
Ideally located at 125 Bloomfield Avenue, the building’s ultra-convenient location will encourage pedestrian activity. Within walking distance are the Montclair Center and the redeveloping Lackawanna Plaza. There’s also easy access to nearby shops, including a Panera, a Smash Burger, PNC Bank and a 7-11. The property is situated steps away from the Bay Street New Jersey Transit Station connecting to Secaucus Junction, Newark, Hoboken and Penn Station in New York City. There’s also New Jersey Transit Busses available right outside the complex.
“The Montclarion at Bay Street Station will serve as an eastern gateway to the eclectic urban-inspired lifestyle,” says Jack Linefsky, Vice President of Property Management for Value Asset Management. “It will be a premier residential address at the eastern gateway of Montclair Center, where retail, shopping, business and dining come together to create a lively downtown center which has been nationally recognized. ”
“This is a transit-oriented community in every sense, with a location feet from Montclair’s most active train station,” adds Mr. Polton. “We expect to appeal to both current Montclair residents looking to upgrade their lifestyle as well as those from surrounding areas who are attracted to the Township’s pedestrian-friendly, convenient downtown.”
Designed by Sionas Architecture, The Montclarion at Bay Street Station’s brick and glass exterior blends perfectly with Montclair’s well-known chic and urban environment. Contemporary, high-end design is extended throughout the boutique building’s interior spaces with a dramatic two-story lobby, bike racks, rooftop patio, exercise room and business center/lounge.
Inspired living spaces at The Montclarion at Bay Street Station stem from open well-conceived floor plans with designer finishes and appointments not commonly found in rental buildings. Homes will range from 745 square-feet to 1,522 square-feet and boast upscale interior elements such as 9′ plus ceiling heights, hardwood floors, oversized windows with Juliette balconies, modern style kitchens with stainless steel appliances, gas range and breakfast bar, abundant closet space and washer/dryers in each home.
There will also be 1,200 square-feet of ground floor retail space expected to house everyday conveniences and services. Renters will have access to an enclosed two-story garage.
The Montclarion at Bay Street Station follows in the footsteps of The Montclarion, a 56-unit rental building originally built in 1985 and recently upgraded.
For additional information on The Montclarion at Bay Street Station, please call 973-783-1250 or visit http://www.montclarion-apts.com.
About Value Asset Management
Value Asset Management was formed by Value Companies to provide full-service management capabilities and customized asset solutions to third-party real estate investment and property owner clients. Headed by CEO and President Andrew Abramson, Value Companies boasts an impressive portfolio of approximately 3,226 multifamily apartments across fifteen communities in New Jersey, Pennsylvania, and New York. Value Companies has received numerous industry awards for its various properties as well as being a 4-time recipient of the New Jersey Apartment Association Management Company of the Year award.
For more information, please contact Andrew Abramson, President and CEO of Value Companies, at its corporate headquarters at 973-473-2800 or visit www.valuecompanies.com