Outstanding Value on New Homes Available at Communities Throughout the State

Exceptional value and special savings opportunities will be the focus of Lennar’s National Spring Savings Event, held April 13 and 14 at all Lennar residential communities throughout the state.

The two-day event will take place at Greenbriar Oceanaire in Waretown, Greenbriar Stonebridge in Monroe Township and Greenbriar Fox Ridge in Rockaway Township, Lennar’s three active-adult communities. Also participating will be WaterView at Hanover, River Walk in Burlington Township and Cedar Point in Mays Landing. Buyers will enjoy refreshments and tours of each community’s model homes and amenity spaces.

With demand for new homes increasing and building costs on the rise, the Spring Savings Event is the perfect opportunity to purchase a new home before a widely-forecasted spike in housing prices takes full effect.

“The financial crisis made the past five years very challenging for the real estate market and resulted in some artificially low home prices as sellers did everything they could to maintain a reasonable sales pace,” said Don Bompensa, President of Lennar’s New Jersey Division.

“Over the past several months we’ve turned the corner and both the economy and the real estate recovery are strengthening. Demand has returned and home sales have increased, but building costs have also risen and incentives have begun to disappear, leading to an increase in pricing that will likely escalate moving forward. Those conditions make this a great time to buy a new home as interest rates continue to be at historically low levels and rising prices means a better deal today and a better investment in the long run.”

Buyers enjoy an added level of value and convenience when purchasing a Lennar home thanks to the national homebuilder’s “Everything’s Included” program which provides buyers with today’s most popular features and upgrades already included in the purchase price.

The strong value propositions and celebrated lifestyle offerings draw buyers to Lennar’s Welcome Home Centers throughout the year.

At Greenbriar Stonebridge, more than 100 homes were sold last year, making it arguably the most successful active-adult community in the state. Greenbriar Oceanaire is a one-of-a-kind residential and lifestyle destination that’s nearing completion — with a limited number of golf course home sites and ones that can accommodate finished basements remaining. And strong sales activity at Greenbriar Fox Ridge led to the recent opening of a new condominium building with sweeping views that many buyers have been waiting for.

Located off Exit 8 on the New Jersey Turnpike, Greenbriar Stonebridge in Monroe Township features 946 single-family residences, ranging in size from 1,659 to 3,130 square feet of living space. Sixteen distinctive home designs are available across the community’s three neighborhoods that include Twin Homes priced from the mid-$300,000s, Signature Series Homes available from the upper-$300,000s, and Estate Series Homes from the mid-$400,000s. A palatial, 41,000 square-foot clubhouse features a grand ballroom, magnificent theater with stadium seating, billiards room, state-of-the-art fitness center, indoor swimming pool, two-story great room, card room, computer center, meeting rooms and nearby outdoor pool, sun deck and tennis courts.

Greenbriar Oceanaire in Waretown, near Exit 69 off the Garden State Parkway just north of Long Beach Island, is a community of 1,400 single-family homes spread across 950 rolling acres of lush greenery. Fewer than 225 homes remain available for sale — with less than 35 of them situated along the community’s private, 18-hole golf course. Ten ranch-home designs range in size from 1,900 to 3,100 square feet of living space, some of which are priced from the upper $200,000s. A 38,000 square-foot clubhouse features indoor and outdoor pools, tennis and bocce courts, a fully-equipped fitness center/spa, game rooms, library, computer and craft rooms, a grand ballroom and a Grille Room. Residents also enjoy an Arthur Hills-designed, 18-hole championship golf course — located entirely within the community.

Greenbriar Fox Ridge, located just off of Exit 35B on Route 80 in Rockaway Township, features 336 one- and two-bedroom, single-level condominium homes that range in size from 979 to 1,997 square feet. The homes are situated in three-story elevator buildings that include underground parking. Residents enjoy a 16,000 square-foot clubhouse that features a fitness center, outdoor swimming pool, social rooms and a tennis court, among other amenities. An indoor pool will be completed this spring. One- and two-bedroom homes are priced from the low-$200,000.

On the non-active adult community front, WaterView at Hanover is a 60-home townhome community situated on a beautiful stretch of wooded landscape that features a serene pond as its centerpiece. The community is located on American Road in Hanover, just minutes from the Morris Plains and Morristown train stations. Pre-construction prices start in the upper-$300,000s for the community’s two distinctive designs.

Cedar Point at Mays Landing is a charming 173-home community offering three- and four-bedroom homes with 1,643 to 3,719 square feet of living space priced from the mid-$200,000s. Buyers can choose from nine distinctive floor plans, including the first homes designed by a national home builder specifically for multi-generational living. And in Burlington Township, River Walk is a new community of 250 townhomes and exciting amenities near the Delaware River with prices starting at just $192,950.

For more information on Lennar’s Greenbriar active adult communities, visit http://www.greenbriarnj.com or call the Online Internet New Home Consultant at 609-349-8258. For more information on Lennar, visit www.lennar.com.

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