DOVER, N.J. — A joint venture between Crossroads Cos. and CrownPoint Group Inc. has broken ground on a 90-unit development located at 80 East McFarlan St. in downtown Dover, 31 miles west of New York City. Columbia Bank provided construction financing for the project. Circle Squared Alternative Investments provided equity financing. L2i Construction is the general contractor, with Crossroads Companies serving as the project lead. Minno & Wasko Architects and Planners designed the community.
Once completed, the six-story building will house a mix of studio, one- and two-bedroom units. Nine units will be set aside for low-to-moderate income-qualified households. The building will offer approximately 10,000 square feet of amenities, including a fitness center, rooftop deck, entertainment lounge and covered parking available across the first two floors.