The Montclarion at Bay Street Enjoys Early Leasing Success in Downtown Montclair, NJ

The Montclarion at Bay Street Station, the boutique new rental building located adjacent to this New Jersey Transit train station, has quickly grabbed the attention of today’s renting public.

More than 50% of the 40 upscale apartments in downtown Montclair, N.J. have been leased following its official Grand Opening in early May, according to Value Asset Management (VAM), the exclusive leasing and management agent for The Montclarion.

The high leasing pace has translated to another important milestone at The Montclarion at Bay Street Station. The first residents have arrived and the five-story LEED building is rapidly transforming into a friendly, thriving residential address.

“Just weeks after we officially launched the leasing program, we are already seeing incredible demand from renters looking for a luxury apartment in a vibrant, commuter-friendly location,” says developer Richard Polton. “We’re thrilled by the positive feedback we’ve received from our first residents, who are enjoying its modern, designer homes, unique urban/suburban environment and great access to mass transportation and all that downtown Montclair is known for.”

The Montclarion at Bay Street Station is ideally situated at 125 Bloomfield Avenue adjacent to the NJ Transit Bay Street Station connecting to Secaucus Junction, Newark, Hoboken and Penn Station in New York City. The building’s commuter friendly location is further enhanced by New Jersey Transit Busses available right outside.

The Montclarion boasts upscale one- and two-bedroom rental residences, including only seven exclusive top-floor Penthouse apartments with expansive outdoor terraces. Monthly rents start from $2,250 for one-bedroom homes and $2,650 for two-bedroom residences. Apartments are available for immediate occupancy.

Inspired living spaces at The Montclarion at Bay Street Station stem from open well-conceived floor plans with designer finishes and appointments not commonly found in rental buildings. Homes will range from 745 square-feet to 1,522 square-feet and boast upscale interior elements such as 9' plus ceiling heights, hardwood floors, oversized windows with Juliette balconies, modern style kitchens with stainless steel appliances, gas range and breakfast bar, abundant closet space and washer/dryers in each home.

The striking new Montclarion at Bay Street Station features exercise room, rooftop patio, covered parking and 1,200 square-feet of ground floor retail space. The building’s ultra-convenient location will encourage pedestrian activity. Within walking distance are the Montclair Center and the redeveloping Lackawanna Plaza. There’s also easy access to nearby shops, including a Panera, a Smash Burger, PNC Bank and a 7-11.

Designed by Sionas Architecture, The Montclarion at Bay Street Station’s brick and glass exterior blends perfectly with Montclair’s well-known motto “Where The Suburb Meets The City.” Contemporary, high-end design is extended throughout the boutique building’s interior spaces with a dramatic two-story lobby, bike racks, rooftop patio, exercise room and business center/lounge.

The Montclarion at Bay Street Station complements The Montclarion, a 56-unit rental building originally built in 1985 and recently upgraded.

For additional information on The Montclarion at Bay Street Station, please call 973-783-1250 or visit http://www.montclarion-apts.com. A fully-furnished model home is available to tour.

About Value Asset Management

Value Asset Management was formed by Value Companies to provide full-service management capabilities and customized asset solutions to third-party real estate investment and property owner clients. Headed by CEO and President Andrew Abramson, Value Companies boasts an impressive portfolio of approximately 3,226 multifamily apartments across fifteen communities in New Jersey, Pennsylvania, and New York. Value Companies has received numerous industry awards for its various properties as well as being a 4-time recipient of the New Jersey Apartment Association Management Company of the Year award.

For more information, please contact Andrew Abramson, President and CEO of Value Companies, at its corporate headquarters at 973-473-2800 or visit www.valuecompanies.com