The Hampshire Companies, a full-service, private real estate investment and development firm, announces its plans for a 70-unit multifamily community located at 220 West Crescent Street in Allendale, NJ. The building is scheduled to be completed in 2Q of 2024.
The 104,620-square-foot community will be the newest addition to The Hampshire Companies’ growing portfolio of premier multifamily properties across northern New Jersey. Located less than half a mile from downtown Allendale and a short drive from Route 17, the community will feature ideal connectivity to the Garden State Parkway and Interstate 287. In addition to its premier location, its design from leading architectural firm DMR Architects will boast a variety of highly flexible one and two-bedroom residences including six COAH units and three units designated for first responders. Beyond their homes, residents will also enjoy access to an impressive amenities package with a clubroom, storage, lounge, and a 9,460-square-foot outdoor courtyard.
The construction of 220 West Crescent Street highlights The Hampshire Companies’ continued community-focused real estate investment in Allendale. In 2021, the company negotiated a deal with the Borough of Allendale to acquire the land at 220 West Crescent Street as well as a neighboring 114,500-square-foot vacant industrial building at 230 West Crescent Street. Upon the acquisition of 230 West Crescent, The Hampshire Companies oversaw an ambitious capital improvement plan to bring the building to full occupancy earlier in 2022.
“Through harnessing our deep experience in working collaboratively with local governments and stakeholders, we continue to be a trusted partner to municipalities who are looking to tap into the value of their real estate to create spaces that meet the needs of their local communities,” said James E. Hanson II, President & CEO of The Hampshire Companies. “Our work in Allendale is emblematic of our singular vision of consistently transforming possibilities into opportunities to better serve our communities, and we are excited to bring our vision to life over the months to come.”
Kurt Vierheilig, AIA, LEED AP BD+C, Director of Design and Partner for DMR Architects added, “DMR worked with Hampshire and the township to create a design that would ensure aesthetic and proportional cohesiveness for a development that serves many important functions. We are excited to see this lively, functional and beautiful development come to life in a way that is meaningful to the Allendale community.”
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