PEEK Properties, a West Orange-based multifamily developer, owner and operator, announced on Thursday it is nearing completion of an apartment building in East Orange.
“This initiative marks the continuation of our strategy to develop, own and operate upscale market-rate apartment properties near major train stations throughout New Jersey’s urban-core municipalities,” Emanuel Klein, managing partner, PEEK, said. “Our pride in ownership is rooted in exceptional design and construction – including top-quality sound-proofing materials between floors and walls – to retain long-term curb appeal and property performance while also contributing toward neighborhood rebirth.”
Located at the corner of William Street and Ashland Avenue at 475 William, the Class A, five-story midrise features a mix of 19 one-bedroom and 20-two bedroom units equipped with dishwashers, open-floor concepts, controlled heating/cooling, oversized windows, in-unit washer/dryer, and plank flooring. In addition, on-site amenities include a modern lobby, 39 assigned garage and parking spots, a fitness center, bike storage room, secure package delivery area, a tenant lounge and an entertainment area.
“We are extremely excited to approach the completion of our first joint-venture multifamily development project under the newly formed PEEK Properties entity and are eagerly looking forward to the lease-up process this fall,” Phillip J. Evanski, managing partner, PEEK, said.
Evanski said PEEK will begin accepting applications in early October.