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**Joint Venture Breaks Ground on Luxury Townhouse-Style Development in Randolph, NJ**
A joint venture between CrownPoint Group Inc. and Crossroads Companies has officially broken ground on Liberty Village, a new townhouse-style apartment community in Randolph, New Jersey. The development will feature 125 luxury residences and is situated at the intersection of West Hanover Avenue and Sussex Turnpike in central Morris County—an area positioned as an emerging town center.
Liberty Village will consist of 100 market-rate townhomes and 25 age-restricted affordable units. Each residence is designed with upscale finishes and modern amenities. The majority of units will offer bi-level living, open-concept floor plans, coffered ceilings in the primary bedrooms, and private garages with separate entrances.
“At a time when most rental options are limited to traditional apartment living, we are delivering something truly unique—spacious townhomes that combine the privacy, comfort, and character of a single-family home with the convenience and flexibility of modern rental living,” said Michael Legacki, Vice President at CrownPoint. “With demand for high-quality housing at an all-time high, this project represents an exciting development for residents who want the best of both worlds.”
Construction financing for the project was secured from Berkshire Bank, while project equity was raised through a network of private investors.
**Industry Events for Multifamily Leaders**
Multifamily industry professionals will have the opportunity to connect and learn from top executives at two major upcoming conferences:
– *Connect Apartments 2025*: This one-day event, taking place in Los Angeles on September 11, will feature speakers from firms such as Equity Residential, Related California, Hanover Residential, Thorofare Capital, and Marcus & Millichap. The event focuses on investment strategies, regulatory developments, and growth trends in the multifamily sector.
– *Connect New York Apartments Investment & Finance*: Scheduled for October 23, 2025, this conference will gather leading owners, investors, developers, brokers, and lenders to discuss adaptive reuse, distressed asset opportunities, and capital market challenges in New York’s dynamic multifamily market.
These events are essential forums for staying ahead in the ever-evolving real estate landscape.
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