LCOR, Pinnacle unveil new details for mixed-use project in Montclair

Listen to this article

The developers of a mixed-use project in Montclair have unveiled new details for what they say will transform a site at the edge of the township’s main business district.Several features remain the same, but LCOR and the Pinnacle Cos. have updated the amount of commercial space planned for the $100 million project on Bloomfield Avenue. The firms said in a news release that the project will include about 24,500 square feet of office space and 25,500 square feet of retail space.

Now called Valley & Bloom, the project also will have 258 apartments and 571 parking spaces. The developers also touted environmentally friendly design features and amenities inside the units.

LCOR, a Berwyn, Pa.-based developer, and Montclair-based Pinnacle broke ground in November on the project at the corner of Valley Road. They said at the time they expect to complete it by mid-2015, transforming the site of former DCH Auto Group facility and kicking off a broader redevelopment plan for Bloomfield Avenue.

“Our goal for Valley & Bloom is to create an extension to Montclair’s successful downtown, further expanding the walkable area within the community,” James Driscoll, senior vice president of development at LCOR, said in a prepared statement. “This live/work community is a vital component to the township’s Gateway Redevelopment Plan aimed at implementing mixed-use and smart growth redevelopment.”

ALSO ON NJBIZ:

Most-read May 13: Morris Plains’ Lorenzo taking ClutterCrashers concept to companies

Study: Superstorm Sandy increased rates of depression, PTSD, alcohol and substance abuse

Bigger, stronger medical practices are key for better health care in N.J., IMA says