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HomeDoverJoint Venture Commences Construction on 90-Unit Multifamily Development in Downtown Dover

Joint Venture Commences Construction on 90-Unit Multifamily Development in Downtown Dover

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DOVER — A development team has begun constructing a 90-unit luxury apartment building in Dover to revitalize a long-vacant downtown parcel.

In partnership with Circle Squared Alternative Investments, Crossroads Companies and CrownPoint Group Inc. target a late 2025 completion for the project at 80 East McFarlan Street. Designed by Minno & Wasko Architects and Planners, the six-story building will be located five blocks from the bustling downtown corridor on Blackwell Street. This corridor boasts numerous restaurants, shops, and NJ Transit’s Dover Station, which provides commuter rail service on the Morristown and Montclair-Boonton lines with connections to Hoboken and New York City. Circle Squared Alternative Investments is located in Morristown. CrownPoint Group is located in Parsippany. Crossroads Companies is located in Mahwah.

Anthony Vulpi

The joint venture has obtained all necessary approvals from municipal, county, and state authorities for the site, previously occupied by two restaurants and vacant for nearly a decade. Construction financing has been secured with Columbia Bank.

“Given the property’s prime location near downtown Dover, we recognized a tremendous redevelopment opportunity, a vision shared and supported by our partners, the community, and the town of Dover,” said Anthony Vulpi, Crossroads’ residential development partner.

The developers plan to offer a mix of studio, one-bedroom, and two-bedroom units. Nine apartments will be reserved for low—and moderate-income residents, featuring the same high-quality finishes as the market-rate units.

The building will also feature 10,000 square feet of amenities, including a fully equipped fitness center.
Michael Legacki

The building will also include 10,000 square feet of amenities, such as a rooftop deck with outdoor gathering spaces, a resident entertainment lounge, home offices, and a fully equipped fitness center. Additionally, covered parking will be provided on the first two floors.

“Collaborating with city officials and community leaders, our goal is to enhance Dover’s vibrancy and provide new housing options that strengthen the town’s sense of community,” said Michael Legacki, CrownPoint’s vice president.

L2i Construction will serve as the project’s general contractor, with Crossroads leading the project.

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Frank Cahill
Frank Cahillhttps://www.frankcahill.com
Publisher of Parsippany Focus since 1989 and Morris Focus since January 1, 2019, both covering a wide range of events. Mr. Cahill serves as the Executive Board Member of the Parsippany Area Chamber of Commerce, President Kiwanis Club of Tri-Town, and Chairman of the Parsippany-Troy Hills Economic Development Advisory Board. Owner of the Morris now app serving small business in Morris County.
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