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177 Franklin StBloomfield, NJ 07003
Bloomfield Lofts Adaptive Redevelopment Site
Asset ClassMultifamily
# Units122
# Units: 122# Stories: 5Land: 3.63 AcresAccess Data Room
Approved Adaptive Reuse Redevelopment Site - 122 Apartment Units
overview of deal

Overview

Bloomfield Lofts is a one-of-a-kind adaptive reuse project, with full land use entitlements to revitalize a former South Jr. High School site in Bloomfield, vacant since 1980s. This thoughtfully designed community can feature 122 units of studio units complemented by a range of modern amenities. Residents will have access to community spaces, including a lounge area, a BBQ/grilling station, and a fitness center, fostering a vibrant and active lifestyle. The project also includes 171 dedicated parking spaces, ensuring convenient on-site parking for residents.

 

Strategically located in Essex County along the Garden State Parkway, Bloomfield Lofts offers seamless connectivity to New York City, with NJ Transit service from the Bloomfield and Watsessing Avenue stations providing a 35-minute commute to Penn Station. The property's proximity to major highways, including Interstate 280 and the Garden State Parkway, enhances regional accessibility. Nearby shopping centers such as Franklin Square Plaza and Jersey Plaza, along with Watsessing Park, provide retail and recreational opportunities. Additionally, the neighborhood benefits from its close proximity to major employers, including Bloomfield College, Bloomfield Public Schools, and Hackensack Meridian Mountainside Medical Center.

 

 

 

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Investment Highlights

# Units
122
  • Approved Redevelopment Site
  • No Affordable Units
  • PILOT Available
  • 20 Min to Newark via Light Rail
  • 35 Min to NYC via Bus/Train
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177 Franklin StBloomfield, NJ 07003

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