The Hampshire Companies celebrated the ribbon cutting of 333 Central, a 70-unit luxury multi-family complex located at 333 Central Avenue in Westfield, N.J. along with joint venture partner Claremont Companies and project investment advisor Circle Squared Alternative Investments on July 11, 2017. The development, located just 1/10th of a mile from Westfield’s NJ Transit line with direct access to New York City, is the town’s first transit-oriented, luxury residential community. The event brought together executives from The Hampshire Companies, Claremont Companies, Circle Squared Alternative Investments, project investors, and Westfield Township officials including Mayor Andy Skibitsky to mark the official opening of the landmark project.
“We’re excited to officially mark the opening of 333 Central to bring the first transit-oriented, luxury community of its kind to Westfield,” said Norman Feinstein, Vice Chairman of The Hampshire Companies. “This project marks the newest chapter in the continued growth of Westfield and will bring new residents into the vibrant culture and character that make Westfield such a unique place to live. We are grateful to Mayor Skibitsky and members of the Town Council for believing in and supporting our vision throughout the construction process.”
The four-story, 126,340-square-foot community features a variety of unit layouts ranging from 700 square feet to 1,550 square feet. Options renters have to choose from include one or two-bedrooms with select units featuring a den and a private terrace. Every unit at 333 Central includes hardwood floors throughout, 9’ ceilings, stainless steel appliances, granite countertops, and spacious walk-in closets. Community amenities include secure and covered parking, a luxurious lounge with a wet-bar for entertaining, a state-of-the art gym with a yoga room, a roof top lounge and ample additional storage units located on each floor. 333 Central is convenient to New Jersey’s major roadways, including Routes 22 and 28, I-78, and the Garden State Parkway. The close-by Westfield Station on the Raritan Valley line of NJ Transit Rail provides service to New York Penn Station in about 40 minutes.
It is obvious that communities like Westfield, with their vibrant downtowns, direct transit access and centralized locations continue to provide the most exciting live-work-play destinations for residents of all ages,” said Jeffrey Sica, Founder and President of Circle Squared Alternative Investments. “When Hampshire presented this project to us, we enthusiastically recognized the immense potential of this project and were happy to find accredited investors to participate in their vision. Our clients always look forward to contributing to projects with trusted partners like Hampshire and Claremont Companies that are both profitable and transformative to local communities.”
“The culmination of 333 Central showcases that live-work-play development projects are not solely limited to already built up urban centers and that well-located, amenity rich suburban towns like Westfield can capitalize on this trend as well,” added Richard Sciaretta, Director, for Claremont Companies. “This project will be a model for other communities throughout the state and exemplifies how responsible suburban growth can be balanced with creating exciting, multi-family properties focused on access to retail, dining and mass transit options.”
To stay connected with The Hampshire Companies and for updates on the latest transactions and news follow Hampshire on Facebook (www.facebook.com/hampshireco), Twitter (@hampshireco), and LinkedIn (www.linkedin.com/company/the-hampshire-companies).
To stay connected with Circle Squared Alternative Investments and to learn more about alternative investments in real estate please visit www.circlesquaredalts.com or follow Circle Squared on Twitter (@CSQalts) and on LinkedIn at (www.linkedin.com/company/circle-squared-alternative-investments).
To stay connected with Claremont Companies follow them on The News Funnel at www.thenewsfunnel.com/company/claremont-companies.
About The Hampshire Companies
The Hampshire Companies is a full-service, private real estate investment firm based in Morristown, New Jersey. The Hampshire Companies is a vibrant, dynamic organization that combines creative vision and superior execution, thereby enabling it to create and enhance value in real estate investments. Additional information on the Hampshire Companies is available online at www.hampshirere.com.
About Claremont Companies
Claremont Companies is a third generation, fully integrated principal development and general construction firm focused on transit-oriented and downtown urban multi-family/mixed-use projects throughout New Jersey and the Metropolitan Area. Claremont’s ability to leverage the synergies between its real estate development and general construction platforms translates to a streamlined process from site acquisition through entitlements and delivery. For more information on Claremont please visit www.claremont-companies.com
About Circle Squared Alternative Investments
Circle Squared Alternative Investments is a firm devoted to providing independent financial advisors with access to a range of innovative alternative investments previously available only to institutions and ultra-high net-worth investors. The suite of investment products will include real estate, private equity, private credit, natural resources, private placement offerings, entertainment and media. In addition, the firm’s team will serve as coaches and mentors to advisors, helping them to better understand and communicate to their clients the role and advantages of alternative investments in a portfolio. For more information about Circle Squared, visit www.circlesquaredalts.com.
R&J Strategic Communications
PR Contact for The Hampshire Companies
908-722-5757 ext. 1106