The Siena at Montclair is 90 Percent Sold Out After Recent Sales Rush
—Value-Driven Pricing and Attractive Financing Options Leave Just 10 Percent of Homes Available For Sale —
MONTCLAIR, N.J. (July 30, 2009) – A recent sales rush that saw four contracts signed in July has left just 10 percent of the homes available for sale at The Siena at Montclair, Pinnacle Companies' Tuscan-influenced community of 101 one-, two- and three-bedroom homes.
With 90 percent the community occupied, The Siena is one of the very few condominium communities in the region that is qualified to offer FHA financing, which allows homebuyers to obtain mortgages with as little as 3.5 percent as a down payment. The Pinnacle Companies, developers of the Siena, are not only offering the remaining homes at great prices, but will contribute towards the closing costs on these FHA loans to ensure that a purchase can be made with minimal cash requirements. Buyers are also taking advantage of the government's first time buyer $8,000 tax credit only available during 2009.
This presents a fabulous opportunity for individuals who are interested in buying a home in the heart of downtown Montclair. One of North Jersey's most sought-after locales, Montclair bridges the gap between urban and suburban living like no other town in the region. The Siena allows residents to not only live in Montclair, but to experience it in high style.
"The buyers who've recently purchased new homes at The Siena are thrilled to be able to attain a most luxurious lifestyle at an incredible value," said Mary Boorman, senior vice president of development, sales and marketing. "The Siena is ideal for the astute buyer who wants to be near a plethora of cultural and entertainment offerings and just a short car, bus or train ride away from Manhattan. In fact, a number of the recent buyers at Siena have relocated from New York City."
Coldwell Banker was recently retained as exclusive broker for The Siena, which, in addition to its stunning condominium residences, also features 40,000 square feet of boutique retail space on the street level. Starbucks, New York Sports Club Woodhouse Spa and a dry cleaners have already opened in The Siena.
All of the homes at Siena include features such as hardwood floors, granite countertops, European cabinetry, stainless steel appliances and ceramic stone bathroom floors — usually considered upgrades at many other communities.
Each home comes with private garage parking. The exquisitely finished lobby continues the community's Tuscan theme, including granite floors, custom carpet inserts lining the hallways, granite and marble paneling along the concierge desk and a wall of water flowing over the Siena logo. Even the elevators are inspired by Italian design. The homes, which range in size from 771 to 2,800 square feet, are priced from the low $400,000s to $1.3 million.
The Siena is a joint partnership between Pinnacle Downtown, a division of The Pinnacle Companies, and Kohl Partners. Prospective buyers can make appointments to tour the luxury residences at the sales center, located at the Siena on the fifth floor. The sales center is open weekends from noon to 5 p.m. and on Thursday evenings from 4 to 7 p.m.
About The Pinnacle Companies:
The Pinnacle Companies, which includes Pinnacle Communities, Pinnacle Custom and Pinnacle Downtown, is among the most respected real estate development and investment companies in the industry for their ability to anticipate trends in the changing real estate market and create "what’s next" in luxury residential communities. Pinnacle’s innovative approach to development and creative problem-solving abilities are qualities that continually position Pinnacle as an industry leader in the real estate market.The award–winning company has built an enviable reputation in the sale and rental of luxury, active–adult and custom housing, as well as the office, retail and mixed–use markets. Since the company’s founding in 1984, Pinnacle has built in excess of 5,000 luxury attached and detached homes as well as several million square feet of retail, hotel and restaurant space.
For more information on Pinnacle, visit www.pinnaclecompanies.net or contact the company’s Chatham headquarters at (973)379–1900.