"We have a great deal of passion for the history and culture of Montclair,” says Kevin Robinson, COO and managing partner of Aparium Hotel Group. “Our approach to the positioning and management of The MC hotel will be consistent with our 'trans-local' hospitality concept, in which we will create an environment that becomes a destination sought out by travelers and a favorite place for locals.”

Aparium's executive culinary director Suzy Crofton, a Michelin-star chef, will lead The MC's food and beverage program, which will include multiple venues including a lobby market, full service restaurant, ground level bar and a rooftop bar. Each outlet will source its product from and collaborate with regional farmers and purveyors, local breweries, coffee roasters and spirit makers.

“Our goal is to create dining venues that are true to the region and recognized as the best in the market,” says Robinson.

The hotel's public atrium will provide a forum for art and cultural exhibitions: “We couldn't be more pleased that the public atrium of the hotel will provide a forum for art and related activities, underscoring Montclair's reputation as a destination for art and culture," says Lora Urbanelli, director of the Montclair Art Museum. "MAM is very hopeful and excited about the entire CentroVerde project—which includes the Valley & Bloom mixed-use development and The MC hotel—we're thrilled about its potential for attracting visitors to the town and of course to the museum. Moreover, the project will help not only with the revival of this area but also with connecting the western entrance of town to the shops and restaurants in Montclair's central business district.”

The MC hotel development team is working with the community to develop a wide range of cultural activities for the rooftop bar area, such as morning yoga, programs with Jazz House Kids and the Montclair Film Festival.

The hotel's construction loan financing will be provided by US Bank.

The 120,000 square foot, eight-story boutique hotel will have 148 rooms and suites. Features will include a covered porte-cochere entryway with valet parking, a lobby library and market, a farm-to-table restaurant, event space, meeting rooms and fitness center. An express elevator will take visitors up to a rooftop bar offering views of Manhattan to the east and the Eagle Rock Reservation to the west. The hotel will be located at the intersection of Bloomfield Avenue and Orange Road on the western end of Montclair's central business district. The project includes corporate offices within the building.

Correction, 2/10/2015, 3:49 p.m.: An earlier version of this story quoted Norman Feinstein as vice chairman of The Hampshire Companies. The company now says the quote should have been attributed to Mark Rosen, executive vice president. Feinstein is no longer vice chairman of The Hampshire Companies, the company says.