Eagle Cliff Real Estate Partners and MRY Associates have secured $20 million construction financing for 397 Millburn Ave., a 53-unit, three-story, luxury apartment development in Millburn, N.J.
With an anticipated completion in early 2024, the property will be developed to LEED standards, contain an underbuilding parking garage for residents and offer unique unit layouts, some with private outdoor balconies and some with direct external stoop entrances. In addition, the one- and two-bedroom units will feature stainless steel appliances, quartz countertops, chef-inspired kitchens, in-unit washers and dryers, walk-in closets and nine-foot ceilings. Community amenities will include hospitality-inspired common areas, a spacious clubroom with wet bar, a luxurious private event room, a state-of-the-art fitness center and an outdoor courtyard.
Ideally situated in the heart of Millburn Township, 397 Millburn Ave. will offer residents access to downtown’s diverse restaurants,
