First Three Retail Tenants at Valley & Bloom Announced

On May 31, 2016

Clifton Savings Bank, Waxing the City and AT&T will be the first three retailers located at the base of Valley & Bloom, a mixed-use, transit oriented development in Montclair. Comprised of two buildings with 258 residential units, the development has attracted considerable interest from current and potential Montclair residents and reached 50 percent leased this month. With 146 apartments occupied, the new retail tenants will open across 6,195 square feet of the available 22,000-square-foot, ground-floor retail space.

“The retail offerings at Valley & Bloom will further transform downtown Montclair into a more walkable, dynamic community. The new stores will connect the popular shops and restaurants on Bloomfield Avenue near Church Street with the less frequented area near Valley Road,” said James Driscoll, senior vice president of LCOR. “Since leasing launched for the retail space, we’ve seen tremendous interest from a number of businesses. Our goal is to serve the community with accommodations that benefit the surrounding neighborhood for years to come.”

The retail businesses opening downtown will complement existing vendors and give local residents more banking, beauty and mobile service options. Clifton Savings Bank specializes in Northern New Jersey, offering superior service to local businesses and individuals, with 14 locations from Clifton to Hoboken. Waxing the City offers treatments for both men and women, and will be opening its 10th New Jersey location at Valley & Bloom. The new AT&T will be the county’s 13th storefront, offering a more convenient location for area residents and visitors seeking their services and products. All three retail shops with open during summer 2016.

Located at 34 Valley Road, the transit oriented development includes two, six-story buildings with 258 rental units. With Building I currently 91% occupied, Building II launched in April 2016 and the entire development is over 50% leased. Residents have already moved into both buildings, which share an array of unprecedented amenities, including a fully equipped fitness center with a spin/yoga studio; a children’s playroom; a “Click Café” featuring a coffee bar and high-speed Wi-Fi connectivity; a resident’s lounge with Wi-Fi and a digital package concierge system. Both buildings offer a rooftop lounge with skyline views of NYC, a landscaped courtyard and a bicycle storage room. Building I additionally offers 24-hour concierge services and an adjacent parking garage that is available for residents as well as the general public.

The development also features 20,000 square feet of office space in Building I, which is fully occupied by The Regus Group and Sotheby’s.

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