RESERVE AT CANAL WALK STIMULATES SALES WITH PRICE ROLLBACK

The Reserve, an exclusive collection of upscale single-family homes for those aged 55 and better.

The Reserve at Canal Walk by Premier Development.

SOMERSET, N.J. — The Reserve, an exclusive collection of upscale single-family homes for those aged 55 and better, has seen a significant increase in buyer and sales traffic since it announced a new pricing structure which provides incredible savings of up to $100,000 on select lots, according to Premier Development, which is developing The Reserve within the well-established Canal Walk community bordering the historic Delaware-Raritan Canal in Somerset County’s Franklin Township.

Priced from $ 379,900, ranch-style homes at the Reserve offer up to approximately 2,400 square feet of living space, 2-to- 2 1/2 baths, and are located on oversized homesites. The two-story homes are priced from $419,900 and feature up to 2,975 square feet of living space.

“Recent reports indicate New Jersey’s housing market is trending up and many new home communities are experiencing price increases,” says Sales Manager George Adinolfi. “That’s what makes our price rollback at The Reserve so unique. With savings of up to $100,000, homebuyers here are receiving a tremendous deal that is extremely rare in today’s marketplace.”

Even as the Reserve winds down its sales program, some remarkable housing opportunities still remain, including:

. A limited number of the immensely popular one-story ranch designs;

. “Immediate Occupancy” spec homes with delivery dates 30-to-60 days after signing a contracts, a perfect scenario for those who have sold their home and need a fast move-in date;

. A professionally-decorated Sydney Elite model home boasting four bedrooms and 3.5 baths has been released for sale. The furnished model residence is the final Sydney Elite floorplan and represents the last chance to purchase this top-of-the-line model. The home provides a heightened sense of luxury and appeal with designer appointments already included in the interior spaces.

Homes at the Reserve boast upscale standard features such as nine-foot first floor ceilings, hardwood flooring, convenient gas fireplaces and large eat-in kitchens with 42” cabinets, granite countertops and a full GE™ appliance package, including a self-cleaning range, space-saver microwave, dishwasher, refrigerator and washer and dryer. 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. The 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.

The magnificent country club environment at the Reserve is highlighted by the 32,000 square-foot Premier Club at Canal Walk, one of the largest and most amenity-rich clubhouses in the state.

Inside the clubhouse, residents enjoy 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 oversized outdoor pool and spa. Additional services include a beauty salon and a massage and wellness center.

“Visitors will also soon be able to see a spectacular new clubhouse located in the Reserve. Now nearing completion, the club will offer a cabana for the new pool, card and meeting rooms creating yet another location for residents to gather” Mr. Adinolfi points out. “These new amenities will provide residents with two recreational centers as active and as elegant as any offered at prestigious country clubs.”

In addition to the on-site amenities, residents at the Reserve are drawn to the leisurely pursuits available in Franklin Township. The Reserve at Canal Walk borders the 70-mile Raritan and Delaware Canal State Park offering homeowners access to a multitude of outdoor activities. The park is home to some of the region’s premier hiking and bicycling trails and is a state-wide destination for canoeing, fishing, and horseback riding. 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. Information can also 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 Reserve Sales Office.

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