A partnership between CrownPoint Group Inc. and Crossroads Companies has broken ground on Liberty Village, a 125-unit multifamily community located in Randolph, N.J. When completed, the property will include a mix of apartments and built-to-rent townhomes.
Liberty Village is being on a 14.5-acre plot of land, and will include 11 total buildings, 100 of which are market rate townhomes in addition to 25 age-restricted, affordable apartments. CrownPoint Group Vice President Michael Legacki confirmed to Multi-Housing News that development will occur in phases, with the final portion expected to deliver in the first quarter of 2027.
READ ALSO: BTR Townhomes Take Off
Comito Associates is designing the apartments, and Berkshire Bank is providing construction financing for the project.
Most units in the development will span two levels with coffered ceilings in primary bedrooms, as well as private-entrance garages. Community amenities include a clubhouse, fitness center, golf simulator, children’s playroom and business center, along with several social lounges.
The site is located at the intersection of West Hanover Ave. and Sussex Turnpike, within walking distance of a supermarket and other retail and dining options. The property is also within 12 miles of Interstate 287 and Interstate 80. New York City is about 30 miles away.
New York metro BTR rent growth
The New York metro area, including parts of North Jersey, dropped to second place in Cotality’s Single-Family Rent Index for June 2025, with the area seeing 5.5 percent rent growth year-over-year.
The metro lost the top spot to Chicago, which had the highest rent growth in the nation at 5.7 percent. Miami had the lowest figure on the index, with rent growth recorded at -0.5 percent.
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