DEMAND GROWING FOR K. HOVNANIAN’S® MEADOW BROOK AT HILLSBOROUGH

Meadow Brook Home RenderingMATAWAN, NJ – Lines are expected to start forming early Saturday morning, November 3rd, before K. Hovnanian Homes® will open the doors for a special event to launch pre-construction sales at Meadow Brook at Hillsborough, a new collection of single-family homes and stacked townhomes that will soon be rising in Hillsborough, NJ.

In a scene shaping up to resemble the halcyon days of past housing booms, the sales event will draw prospective buyers from throughout the region who will be jockeying for a prime position to purchase their dream home which will be sold on a first-come, first-served basis. Those in attendance at the event, which will be held at Falcons Nest, 140 Falcon Road in Hillsborough, will receive a VIP ticket giving them the opportunity to schedule a purchase appointment based upon their time of arrival. Private appointments will be held at the Meadow Brook site throughout the VIP weekend. A deposit check in the amount of $5,000.00 will be required upon signing the purchase agreement.

Interested buyers can immediately place their names on a VIP List and learn more about this much anticipated event by visiting khov.com/MeadowBrook or calling 877-717-0850.

While an unusual approach to a new community sales launch in 2018, K. Hovnanian® Homes is reacting to the public’s heightened anticipation of the opening which stems from the rare opportunity to purchase a new-construction home in a prime Hillsborough location that is served by a highly-regarded school district, all at an attractive price point.  Meadow Brook’s collection of single-family homes will be priced from the upper- $500s and the stacked townhomes will be priced from the upper-$300s.

“Meadow Brook represents one of the only new-construction ownership opportunities in Hillsborough Township, a community well known for its excellent public schools, attractive suburban character and proximity to recreation and employment centers,” said Michael Weisslitz, Community Manager at K. Hovnanian® Homes. “The demand is there, and we look forward to officially introducing this exciting new offering on November 3rd.”

Located on Passe Court in Hillsborough, just off of Amwell Road, Meadow Brook at Hillsborough is situated in the heart of Hillsborough Township. A variety of shops, restaurants, and service businesses are located right off of Amwell Road, including a ShopRite grocery store just over a mile away. Paditar Foods, an Indian grocery store, is slated to open a 25,000 square-foot store a little over a mile away.

The Township features numerous parks, including Duke Farms, a 2,740-acre property, where over 1,000 acres are open to the public for self-discovery, outdoor activities, and education and research related to ecological sustainability.  Downtown Somerville is only six miles away from Meadow Brook, offering a variety of shopping, dining and entertainment options, as well as an NJ TRANSIT rail station. Downtown Princeton is 12 miles away, with its famed restaurants, shops, entertainment, parks, culture and one of the country’s most prestigious universities.

For New York City commuters, Suburban Transit runs daily non-stop express buses to midtown Manhattan from a park & ride location less than three miles from Meadow Brook.

Of special note is the Hillsborough Township Public School District which is known for its excellent schools. The district received an overall grade of A+ from the data gathering website Niche.com in its 2019 “Best School Districts in New Jersey” report. Hillsborough High School also received an A+ rating.

Hillsborough was also named one of New Jersey’s best towns by New Jersey Monthly Magazine in its 2017 article “Best Places to Live in New Jersey”.

The developer of Meadow Brook at Hillsborough is K. Hovnanian® at Hillsborough, LLC, an affiliate and indirect subsidiary of Hovnanian® Enterprises, Inc.

ABOUT HOVNANIAN ENTERPRISES®, INC. 

Hovnanian Enterprises, Inc., founded in 1959 by Kevork S. Hovnanian, is headquartered in Matawan, New Jersey and, through its subsidiaries, is one of the nation’s largest homebuilders with operations in Arizona, California, Delaware, Florida, Georgia, Illinois, Maryland, New Jersey, Ohio, Pennsylvania, South Carolina, Texas, Virginia, Washington, D.C. and West Virginia. The Company’s homes are marketed and sold under the trade names K. Hovnanian® Homes, Brighton Homes® and Parkwood Builders. Additionally, the Company’s subsidiaries, as developers of K. Hovnanian’s® Four Seasons communities, make the Company one of the nation’s largest builders of active lifestyle communities.

Additional information on Hovnanian Enterprises, Inc., including a summary investment profile and the Company’s 2017 annual report, can be accessed through the “Investor Relations” section of the Hovnanian Enterprises’ website at http://www.khov.com. To be added to Hovnanian’s investor e-mail list, please send an e-mail to IR@khov.com or sign up at http://khov.com.

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