(From Left to Right) Brian Cheripka, Development Associate for Trammell Crow Residential, Peter Porraro, Senior Managing Director of Trammell Crow Residential, Riverdale Mayor William Budesheim, Councilman Garrett Astarita and Councilman Joseph Falkoski cut ribbon to celebrate the official opening of Alexan Riverdale, a community of 212 rental homes and amenities located at 6000 Riverdale Road in this enviable Morris County suburb.

RIVERDALE, N.J. (July 28th, 2010) — Officials from the Borough of Riverdale, representatives of Trammell Crow Residential and invited guests gathered recently to celebrate the official opening of Alexan Riverdale, a new rental community located at 6000 Riverdale Road in this enviable Morris County suburb.

Riverdale Mayor William Budesheim cut the ceremonial ribbon to officially unveil the collection of 212 apartment homes, hailed for its spacious and modern design, on-site recreational amenities and ideal location just minutes from Routes 23 and 287.

Trammell Crow Residential is developing Alexan Riverdale, which opened for leasing with strong interest earlier this year, as part of its signature series of Alexan rental neighborhoods. The new community features two four-story buildings, including a 100% smoke-free building that is the first of its kind in the Morris County marketplace, on a landscaped 15-acre site.

“This project is a reflection of a new philosophy for the Borough of Riverdale where the governing body, planning board and developer worked together to recognize the opportunity presented here and created a plan that called for the construction of a residential development that preserved valuable natural terrain and complied with the landscape of our community,” said Mayor Budesheim.

“We are pleased to welcome them and are looking forward to residents of Alexan Riverdale becoming a part of our Borough through community involvement and more.”

“From the conceptualization of Alexan Riverdale, we worked closely with the Mayor and Borough officials to create a well-planned neighborhood that is being developed responsibly, considers the community-at-large and helps fulfill Riverdale’s housing needs,” added Brian Cheripka, Development Associate for Trammell Crow Residential. “Their vision and tireless efforts made Alexan Riverdale a reality and we’re extremely pleased they were able to be here today to see the results of their work and help us celebrate the opening of this community.”

Apartment homes at pet-friendly Alexan Riverdale are lined with the latest appointments and features, including kitchens with granite countertops, choice of espresso or maple wood cabinets, stainless-steel Energy-Star appliances, and available wood finished flooring, island kitchens, outdoor terraces and balconies. Rents begin from $1,546 for a one-bedroom, $1,674 for one-bedroom plus den and $2,064 for a two-bedroom home. Two month’s free rent is included in the rental pricing.

The amenities at Alexan Riverdale include a Wi-Fi enabled 5,000 square-foot clubhouse with an outdoor pool, fitness center, spin-cycling studio, video gaming lounge, resident lounge with multiple flat screen televisions, a demonstration kitchen, billiard table, and PC and MAC workstations, an on-site dry cleaning drop off service, according to Kettler Management, which is handling leasing and property management services for Alexan Riverdale. Outside, residents will find barbeque grills and a fire pit with comfortable seating to gather with friends. There is also garage parking.

“While the luxurious apartment homes are a major draw for Alexan Riverdale, this community is about so much more,” notes Mr. Cheripka. “There’s a complete lifestyle environment offered here that’s unrivaled in this marketplace.

“Our recreational and social amenity package provides a wealth of opportunities right outside your door. We’ve recently unveiled our personal training platform which offers our residents several free sessions and nutritional advice from a personal trainer, and a variety of fitness and spin classes.”

Located in a commuter-friendly municipality serviced by a well-developed network of major thoroughfares and public transportation options, Alexan Riverdale will offer easy access to business centers in Manhattan, Parsippany, Morris County and Northern New Jersey. Route 23 is practically at its doorstep, while Routes 202 and 287 are close by. Fast, efficient public bus and train service into Manhattan are also a short drive away.

For additional information on Alexan Riverdale or to schedule a community tour, please call 866-809-0482 or visit www.alexanriverdale.com.

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