Daily Archives: February 15, 2012

Award-winning 40 Park Helping Transform Downtown Morristown

via Multi-Housing News Online/Jeffrey Steele, Contributing Writer

 

40 Park

Morristown, N.J.—Four years ago, the former Epstein’s Department Store in downtown Morristown, N.J., was given new life as 40 Park, an upscale, mixed-use development featuring more than 200 luxury condominiums and rental residences, 66,000 square feet of retail space and an 800-space public parking garage.

In the years since, 40 Park has exerted a transformative impact on Morristown, helping deliver an energetic new vibe to the venerable central business district. The result? Recently, 40 Park was recognized as one of New Jersey’s best downtown location projects, when it captured the coveted Silver Award at Downtown New Jersey’s annual award ceremony.

It was only the most recent in a string of awards the development has snagged since its spring, 2008 unveiling. The Community Builders and Remodelers Association of New Jersey, the New Jersey Builders Association and the National Association of Home Builders (NAHB) have all conferred awards upon 40 Park. Among them was the NAHB’s “Community of the Year” designation, which the organization presented to 40 Park in 2010.

Sited steps from mass transit and other shopping and entertainment venues, this dynamic live-shop-dine destination was conceived and executed by a public-private partnership made up of Roseland Property Company, Woodmont Properties, the Morristown Partnership and the Morristown Parking Authority.

“We are honored to have 40 Park recognized by Downtown New Jersey because it reflects positively on Morristown as a whole, and the livable, walkable, business-friendly environment we’ve created here,” says Michael Fabrizio, executive director of the Morristown Partnership.

He adds 40 Park was not only among the vanguard of new luxury residential buildings in downtown Morristown, but helped attract an assortment of regional and national retailers.

“The new shops and restaurants have successfully attracted patrons from all over the area, bringing more visitors to Morristown and contributing to the overall success and appeal of the downtown district,” he says.

The development’s seven-story, 130-unit rental component, The Metropolitan at 40 Park, has remained 100 percent leased ever since it debuted. Part of the reason is that its level of amenities, service and conveniences had not before been available to renters in Morristown. Experiencing comparable success has been the project’s 76-home luxury condominium building, 40 Park, which overlooks Morristown Green and has attracted buyers with large and spectacular residences, luxury amenities and upscale services.

The effort to conceptualize and bring to fruition the development resulted from a team effort involving myriad public and private entities, notes Debra Tantleff, vice president of development at Roseland Property Company. “As a development partnership with deep roots in Morristown through some of our other successful developments in town, we have a sincere appreciation for this cherished neighborhood. We are thrilled to have worked alongside the various municipal agencies and officials who have helped make our collective vision a reality.”

VILLAGIO IN SOUTH BRUNSWICK APPEALS TO A NEW ACTIVE ADULT BUYER LOOKING FOR DESIGN INDIVIDUALITY AND SPACE TO LIVE AND ENTERTAIN

Villagio in South Brunswick

MONMOUTH JUNCTION, N.J. – Active adult home buyers’ tastes and needs vary; yet active adult residences are often monotonous, cookie-cutter homes. Not so at Villagio in South Brunswick just minutes from Princeton, where celebrated custom-home developer Byron-Hill Homebuilders has created a one-of-a-kind residential neighborhood with spectacular single-family homes offering soaring living and entertaining spaces in the relaxed atmosphere of a Tuscan-inspired village: “Villagio.”

“We’re seeing a new breed of 55+ buyers who are eager to give up the responsibilities and costs associated with maintaining their home but don’t want to sacrifice living space in order to do so,” notes Jeri Gaita, Marketing Specialist of Villagio. “At Villagio, they get the best of both worlds: an exceptional home of unsurpassed charm and elegance in a maintenance-free environment.”

Byron-Hill drew on the company’s decades of experience developing luxury estate homes in New Jersey’s exclusive suburban communities of Marlboro, Holmdel and Colts Neck when designing Villagio. Focusing on the lifestyle needs of its customers while remaining true to its custom home building roots, Byron-Hill fashioned a creative plan for Villagio that expertly blends just 210 luxurious single-family homes with beautiful ponds, cul-de-sacs and cobblestone-curbed streets — all inspired by the old-world charm of Mediterranean design.

The Villagio's SIENA model

The distinctive two- and three-bedroom homes at Villagio, priced from $479,000, feature from approximately 2,750 square feet of living space and combine classic Italian architectural elements with modern amenities to create a truly exceptional and unique living experience. Dramatic exterior features include towering Palladium-style windows, intricate roofing details and wrought iron balcony railings. Stunning interiors boast expansive Master Bedroom Suites on either the first or second floor or both, additional suites for guests, optional elevators for easy access if you chose to add a basement, gourmet kitchens, formal two-story foyers and living rooms, spacious dining areas, soaring ceiling heights, lofts, covered patios and optional full basements which can be transformed into theater rooms, gyms, elegant home offices, etc.

“The homes at Villagio are not about downsizing, but about customizing one’s lifestyle,” Ms. Gaita points out. “In fact, some of our buyers moved up to a larger home here. Some have children who are graduating from college and will be spending time back home with their parents, while others are moving here to be closer to their children and grand children, places of worship, employment, Princeton, etc. The scenarios may be different, but the appeal of living in a spacious, elegantly-designed home remains a common thread throughout the community.”

Villagio residents also appreciate the emphasis placed on the outdoors, with beautiful recreation areas, manicured walking paths and picturesque ponds. Residents already enjoy the community’s tennis courts, basketball courts, waterfront amphitheater and gazebo.

On February 18th, the developer will break ground on Club Verona, an intimate and exclusive club experience that will feature a grand hotel-like lobby, full range of fitness facilities, private gathering places and an outdoor pool and hot tub that all complement the authentic Continental flavor of the community’s homes and landscape. Additional amenities that will soon be added include bocce courts, a horseshoe pit, a putting green and a landscaped community piazza.

Located in a town that Money magazine recently named one of its “Top 100 Places to Live”, Villagio offers an ideal location adjacent to a Village shopping destination and near several major highways and the Princeton Junction train station. Manhattan and Philadelphia are both about an hour away by train, and downtown Princeton is a 10-minute drive away, providing residents with endless opportunities for boutique shopping, gourmet dining, culture and entertainment. Festivals are held throughout the year in downtown Princeton and the park-like campus of Princeton University is the perfect setting for a stroll that is both historic and picturesque.

A furnished model home at Villagio is available for tours. Appointments are recommended. For more information, please call (732) 329-4200 or visit www.VILLAGIO55.com. The Sales Center is open daily from 10 a.m. to 5 p.m.

DIRECTIONS TO VILLAGIO: From the Garden State Parkway: take Exit 130 to Route 1 South. After 18 miles, turn left on Route 522 East. Go approximately 200 feet and turn right onto Stouts Lane. Villagio is ¼-mile on the right (42 Stouts Lane, Monmouth Junction, South Brunswick, NJ).

From the NJ Turnpike: take Exit 8A (Jamesburg/Cranbury). Turn right onto Forsgate Drive. Take Forsgate to end and turn right onto Route 130 North. Go 1 mile and turn left onto Route 522 West. Go 3 miles and turn left onto Stouts Lane. Villagio is ¼-mile on the right (42 Stouts Lane, Monmouth Junction, South Brunswick, NJ).