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Inn at Millrace Pond Restaurant Review: The Inn at Millrace Pond is located in Hope, a historic Moravian village in mountainous northwest New Jersey. Housed in a picturesque stone building that was once the site of a pre-revolutionary war gristmill, the restaurant has a millrace still running through it. The menu consists of a respectable and satisfying selection of American favorites such as roasted rack of lamb and filet of salmon. Many menu ingredients are sourced locally.