The Clair at 37 Orange Road in Montclair — Courtesy: Deugen Design Build
By Joshua Burd
A joint venture has opened a new 40-unit luxury apartment building in downtown Montclair, one that’s adjacent to an upscale hotel that the partnership unveiled in 2019.
Its developers, The Hampshire Cos. and The Pinnacle Cos., joined partner Circle Squared Alternative Investments on Wednesday to announce the debut of the project at 37 Orange Road. Known as The Clair, the property is steps from Montclair’s busy Bloomfield Avenue corridor, offering a mix of studio, one-bedroom and two-bedroom homes with a series of amenity spaces.
Residents will also have access to the adjacent 159-key MC Hotel built by Hampshire and Pinnacle, which has a fully equipped business center, indoor and outdoor lounge spaces, a modern fitness center and drop-off dry cleaning services, the developers said. The partnership also provides residents with perks such as discounted hotel rooms and catering events and savings at the hotel’s Allegory Restaurant & Bar, MC Market and Alto Rooftop Lounge.
“Apartment residents today seek opportunities to connect not only with their fellow residents but also with the vibrant community right outside their doors,” said James E. Hanson II, CEO and president Morristown-based Hampshire. “We are confident that The Clair’s comprehensive amenity package and prime location at the gateway to one of the state’s most dynamic downtowns provide the perfect environment to foster these connections.”
Designed by Minno & Wasko Architects and Planners and built by Deugen Design Build, The Clair offers valet parking, package service and community WiFi. Amenities include electric vehicle charging stations, a clubhouse and a business center, an outdoor courtyard with grills, a roof terrace and in-unit house cleaning.
“The Clair will offer residents a boutique living experience with only 40 residences, unparalleled amenities and hospitality services,” said Brian M. Stolar, Pinnacle’s CEO and president. “In addition to the outdoor club level courtyard and rooftop amenities, the Clair offers a 4,000-square-foot street-level plaza that residents will enjoy as well.”
OceanFirst Bank provided financing for The Clair, according to a news release. Hampshire has tapped Sparrow Asset Management to oversee leasing at the community, while the developer will serve as its property manager upon stabilization.
“It is an honor to be involved with bringing this beautiful project to what we consider the most exciting town in New Jersey,” said Jeff Sica, CEO, president and chief investment officer of Circle Squared Alternative Investments.
Developers break ground on 40-unit rental project next to upscale Montclair hotel
