24A — January 29 - February 11, 2016 — Owners, Developers & Managers — M id A tlantic

Real Estate Journal


O wners , D evelopers &M anagers Along with Claremont Cos. &Circle Squared Alternative Invs. The Hampshire Companies celebrates groundbreaking W estfield, NJ — The Hampshire Companies cele-

What should Owners, Developers, Managers & Corporate Owners know about: New laws, Regulations & Policies relating to Multifamilies Dealing with Employee Issues Custom-Designed Building Indoor Air Quality Brownfields vs Greenfields LEED Certification

brated the groundbreaking of a 70-unit luxury multi-family complex located at 333 Cen- tral Ave. in Westfield along with joint venture partner Claremont Companies and project investment advisor Circle Squared Alternative Investments . The develop- ment, located just 1/10th of a mile fromWestfield’s NJ Tran- sit line with direct access to New York City, will create the town’s first transit-oriented, luxury residential community. The event brought together

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Shown from left: Westfield councilman Frank Arena; vice chair of The Hampshire Cos. Norman Feinstein; WestfieldMayor Andrew Skibitsky; founder and president of Circle SquaredAlternative Investments Jeffrey Sica; principal at Claremont Cos. Stephen Sciaretta; dir. at Claremont Cos. Richard Sciaretta; Westfield Councilman Sam Della Fera.

executives from The Hamp- shire Companies, Claremont Companies, Circle Squared Alternative Investments, proj- ect investors, and Westfield Township officials to mark the official start of the project. “We’re excited to break ground and officially start developing the first transit- oriented, luxury community of its kind in Westfield,” said Norman Feinstein, vice chair- man of The Hampshire Com- panies. “We look forward to preserving the character that makes Westfield such a special place to live while drawing from its vibrant culture to cre- ate a community that compli- ments all that Westfield has to offer. We are grateful to Mayor Skibitsky and members of the Town Council for believing in and supporting our vision.” Slated to be completed in Spring of 2017, the four story, 126,340 s/f community will feature a variety of unit lay- outs ranging from 700 s/f to 1,550 s/f. “When you look at Westfield and all it has to offer from its central location, its vibrant downtown with dozens of restaurants and hundreds of retailers and couple that with direct access to New York City it’s not hard to see why people love living here,” said Jeffrey Sica, Founder and President of Circle Squared Alternative Investments. “When Hamp- shire approaches us with projects as exciting as this one, it makes our job of find- ing accredited investors for the project much easier. My clients are always thrilled to be a part of something so transformative and Circle Squared is always proud to work with trusted partners like Hampshire and Clare- mont Companies.” n

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