TWO SALES TOTALLING $3.75 MILLION RECORDED AT HENLEY ON HUDSON IN WEEHAWKEN, NJ

Largest Home At The Hudson Riverfront Community Fetches $2.6 Million

WEEHAWKEN, N.J. – Two multi-level Brownstone residences with dazzling views of the Manhattan skyline were sold this month for a combined $3.75 million at Henley on Hudson, the distinctive collection of European-inspired homes located within Port Imperial on the Hudson Riverfront in Weehawken, N.J.

Five Oxford Landing, a four-story, 2,415 square-foot home sold for $1.15 million, while 12 Henley Place, a four-story, 3,744 square-foot residence – the largest home in the community — was snapped up for $2.6 million.

Both homes are scheduled to close by the end of February, 2009.

“These sales further validate the confidence that the market has in Henley on Hudson,” states Michael Skea, Director of Operations for Lennar Urban’s Northeast Division, which is developing the community in partnership with Roseland Property Company.

“They occur at a time when we’ve seen a significant uptick in overall traffic, including a recent Sunday in February which drew the highest number of prospective buyers to the community since we opened. With more than 55 homes now closed, Henley on Hudson has evolved into an established residential setting with an incomparable offering of amenities, views and commuter convenience.”

The Brownstones at Henley on Hudson were designed to represent the traditional urban multi-level architecture commonly seen in upscale Manhattan streetscapes. The majestic designs feature grand layouts with a private entrance, two-car garage, private elevator and soaring living spaces. The multi-level design lives like an exceptionally appointed single-family estate residence, while waterfront terraces with views of Manhattan create an ambiance that is entirely urban-chic.

Henley on Hudson features 164 homes in all, including stunning condominium residences, luxurious penthouses and the classic brownstones. The distinctive collection of homes is currently priced from $1.425 million to $2.6 million — a phenomenal value in today’s marketplace.

The community’s exceptional amenities, services and magnificent views foster an unparalleled resort-style ambiance along the Hudson waterfront. The recently unveiled Club at Henley, an outstanding 6,000 square-foot clubhouse, includes a stately club room for reading, relaxing or entertaining; a theater room, billiards and gaming lounge, a state-of-the-art fitness center, a Yoga/Pilates room and a Children’s Play Studio – all in an unparalleled setting that boasts breathtaking panoramic views of the Manhattan skyline.

“The Club at Henley has been designed to provide residents with the perfect environment to unwind, socialize and maintain a healthy body and mind,” says Mr. Skea. “Residents also enjoy The Club’s magnificent vistas which highlight its picturesque location along the Hudson River.”

An abundance of open space can be found within Henley on Hudson and throughout Port Imperial for active and passive recreation, including tree-lined walking and jogging paths and European gardens.

Adjacent to Henley on Hudson is a 14-acre park featuring tennis, softball, soccer and football fields; while the waterfront walkway offers a picturesque setting for jogging, rollerblading, bike riding or just enjoying the beautiful landscape.
A vibrant downtown atmosphere that promotes pedestrian and street activity is further enhanced by The Shops at Riverwalk, Port Imperial’s eclectic offering of boutique shops, restaurants and services, which are transforming this stretch of the “Gold Coast” into the new Hoboken.

Ideal for commuters, residents at Henley on Hudson also enjoy the convenience of the Port Imperial Ferry Terminal which provides direct service to Manhattan, while a Light-Rail station offers access to towns throughout the “Gold Coast.”
The community is also within close proximity to a highway network linking it to the Lincoln Tunnel, The New Jersey Turnpike and Newark Liberty International Airport.

For additional information on Henley on Hudson and to schedule an appointment to tour the furnished brownstone and penthouse model homes, please call (201) 864-7788, or visit the community’s website at http://www.henleyonhudson.com. The community’s onsite Sales Center is located at 2 Henley Place and is open daily from 10 a.m. to 6 p.m.
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Media Contact: George Cahn, CAHN Communications, 201-876-3100.