The charm, convenience and street-life activity that characterize 40 Park and downtown Morristown has attracted an eclectic mix of homebuyers at different stages in their lifestyle, from first-time buyers just entering the housing game to those who are downsizing from oversized suburban homes to empty-nesters who are reclaiming their life after the kids are gone.
“This new paradigm of living continues to gain strength as it transcends market and economic forces,” notes Debra Tantleff, a Vice President at Roseland Property Company, which is developing 40 Park with joint venture partner, Woodmont Properties.
“People want a hassle-free lifestyle with the excitement of urban living. They want to reduce their reliance on cars and be able to walk to entertainment, parks, restaurants, bars, cultural destinations and public transportation. Morristown’s pedestrian-friendly setting, combined with 40 Park’s maintenance-free condo lifestyle, allows them to do just that. And with initial occupancy at 40 Park starting in January, 2010, buyers have plenty of time to plan their move or sell their current home while still being able buy the location of their choice from the limited homes available, and to lock in today’s low interest rate through Wells Fargo’s 1-year rate lock program.”
40 Park’s expansive living spaces, exciting amenities and exceptional value are also gaining favor with buyers. A number of private recreational amenities located within the building include the elegantly-designed Park Center which features a lounge area with a fireplace, big screen TV, billiards table and a catering kitchen. There’s also a fitness center with state-of-the-art cardiovascular and weight-training equipment.
A wide variety of one-, two- and three-bedroom homes are available, with prices starting from the mid-$500,000s to more than $1 million for the Signature Residences and from $1.3 million to $2.2 million for the penthouses. The penthouses will include extremely large private terraces of up to 1,800 square feet of desirable outdoor space.
Found throughout the homes, depending on the plan, are such upscale features and appointments as 9’ ceiling heights, cherry or walnut hardwood floors in living areas, spacious kitchens with granite countertops and Jenn-Air® stainless-steel appliances, polished marble floors and countertops with undermount sinks in the master and secondary baths, and balconies with decorative railings and architectural bay windows.
Private, secured parking is provided for the residents, while 55,000 square feet of high-end, boutique retailers and restaurants will complement the downtown, pedestrian-friendly setting.
For more information on 40 Park, please call 973-359-0010, or visit the website at http://www.40park.com. The community’s Sales Center is open seven days a week from 10 a.m. to 6 p.m. and is located at 20 South Street, Morristown, NJ 07960.