Jersey City, New Jersey, September 12, 2016 (GLOBE NEWSWIRE) —The Hampshire Companies, together with their joint venture partner, Claremont Companies, and project investment advisor, Circle Squared Alternative Investments, celebrated the groundbreaking of the first phase of a master redevelopment plan for the west campus of New Jersey City University (NJCU) today. The groundbreaking commences the first of two mixed-use projects the partners are developing, with the initial project creating 163 market-rate units and approximately 10,000 square feet of transformative retail on West Side Avenue. The development, named University Place, aims to create a unique sense of place between NJCU’s main campus and the adjacent neighborhood. Occupancy for the first project is slated for 2017.
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