THIRD CONDO BUILDING RELEASED FOR SALE AHEAD OF SCHEDULE AT CANAL WALK ACTIVE ADULT COMMUNITY IN SOMERSET COUNTY

SOMERSET, NJ – Strong sales activity has prompted Premier Development to release the third phase of condominium homes for sale at The Enclave at Canal Walk, the exclusive collection of luxury residences rising in the popular active adult community in Somerset County’s Franklin Township.

High buyer interest resulted in the complete sell-out of the community’s best-selling Andover, Bayberry and Cambridge designs in its initial condominium buildings, allowing the developer to release additional floorplans in the third housing section well ahead of schedule. Homes are pre-construction priced from $234,900.

“Buyers have snapped up the Enclave condominium homes in short order since we introduced them at reduced pricing less than a year ago,” says George Adinolfi, Sales Manager for Premier Development, which is developing Canal Walk bordering the historic Delaware and Raritan Canal.

“We’ve completely exhausted our inventory of our most popular floorplans months ahead of when we expected, allowing us to move up both the release of these homes, as well as the planned construction which is now underway with deliveries expected as early as June instead of the original anticipated date in August.”

Residences at the Enclave range in size from 1,500 square feet to more than 1,760 square feet. Six magnificent two-bedroom housing designs are offered featuring spacious and open floorplans, large living rooms, gourmet kitchens with Corian™ countertops and GE™ appliances and huge amounts of cabinet and pantry space, nine foot ceilings, hardwood entry foyer flooring, master bedroom suites have large walk-in closets and lavish master baths with ceramic tile floors, seated showers and oversized soaking tubs. Homes in the elevator buildings also offer outdoor space and balconies, as well as indoor parking.

Following in the footsteps of the Enclave, the Reserve at Canal Walk also continues to report impressive sales pace. The Reserve is a collection of Energy Star Certified single-family homes highlighted by two distinctive designs – luxurious ranch-style residences which include the newly-introduced Concord model priced from just $357,900 and two-story homes priced from $439,900.

“Demand for these homes has been equally as strong and we’ve released an addition 15 homesites for immediate sale,” Mr. Adinolfi indicates. “We also have a limited number of Reserve Energy Star homes available for ‘Quick Delivery.’ These three-bedroom, three bath residences with two-car garage feature numerous options and upgrades packaged in an attractive all-inclusive price starting at $489,900.”

Construction is well underway on two new model homes at the Reserve. Once completed, the models will join five existing models at the community. Some of the largest single-family designs are featured in the Ranch homes which offer up to approximately 2,500 square feet, two-and three-bedroom, 2 to 2.5 baths, and are located on oversized homesites. The residences are also being offered with new feature packages that will provide buyers with more interior options and more flexibility than ever before.

The new homes boast upscale standard appointments such as nine-foot first floor ceilings, hardwood flooring, convenient gas fireplaces and large eat-in kitchens with 42” cabinets, granite countertops and GE™ appliances, including a self-cleaning range and space-saver microwave. Sumptuous master bedroom suites include tray ceilings and a master bath with a soaking tub and separate shower with built-in seat. The homes also include plenty of storage space which is always a major consideration for active adults.

In addition to the Ranch designs, a number of upscale two-story homes in the Reserve provide many of the same standard features as the ranch homes, as well as staircases with oak treads and dramatic oak railings.

“Both home styles provide incredible comfort and lower energy bills than similar homes because they are being developed under strict guidelines set by the U.S. Environmental Protection Agency,” says Mr. Adinolfi.
Canal Walk also offers a selection of townhomes priced from $304,900 and providing “quick” occupancy dates.

The impressive homes at Canal Walk are only enhanced by its resort-inspired, country club lifestyle that is unrivaled by any comparable active adult community in central New Jersey. Highlighting the well-rounded, activity-rich environment is a private 32,000 square-foot clubhouse — the Premier Club at Canal Walk — which is one of the largest and most amenity-rich in the state. Featured inside are a heated pool and whirlpool, a spa with steam room, sauna and a fully-equipped fitness room. There’s also a library, crafts room, billiards room and separate men’s and women’s card rooms. In addition, a business center, banquet hall and lounges are available. Tennis, bocce courts and a putting green are adjacent to the refreshing outdoor pool and spa. Additional services include a beauty salon and a massage and wellness center.

“What separates Canal Walk from many other new active adult communities is that our world-class amenities are open and functioning, meaning a new lifestyle is awaiting homeowners from the day they arrive,” Mr. Adinolfi indicates. “We also have the added benefit of our unique location near the Delaware and Raritan Canal which offers direct access to amenities such as the community’s walking trails which have been laid out to connect with sections of the historic canal that have been preserved as public open space.”

Best of all, Canal Walk’s convenient location enables residents to receive the magnificent, relaxed lifestyle they desire, all the while remaining close to family and friends. The community is a short trip from Route 287, offering easy access to major highways such as the Garden State Parkway and New Jersey Turnpike which allows children and grandchildren to visit within minutes.

For more information on the Reserve at Canal Walk, please call (732) 564-0010. For more information on the Enclave at Canal Walk and the townhomes, please call (732) 356-1191. Information on both neighborhoods can be found at www.premierdevelopment.com. To visit, take Route 287 to Exit 12. Make a left onto Weston Canal Road and proceed 2.4 miles until you reach Schoolhouse Road. Turn left onto Schoolhouse Road and continue 7/10 of a mile until you reach the entrance at Canal Walk Boulevard. Make a right into the entrance and follow signs to the model park and sales offices.

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