40 PARK HIGHLIGHTS MORRISTOWN’S DEFIANCE OF STATE’S REAL ESTATE SLOWDOWN

40 Park, a new luxury condominium community overlooking the Morristown Green in Morristown, NJ

40 Park, a new luxury condominium community overlooking the Morristown Green in Morristown, NJ

MORRISTOWN, N.J – A heavy flow of new construction activity continues to gain ground in downtown Morristown even as sites across the state have fallen silent in the wake of the troubled economy.

On the famed Morristown Green, 40 Park is quickly approaching its fourth story of what eventually will be a seven-story building featuring 60 luxury condominium homes and 13 magnificent penthouse residences, while steel is rising for the garage and retail space at the adjacent Metropolitan at 40 Park, a 130-home rental building.

Near the Train Station, the widely-supported Highlands of Morristown Station transit village development is speeding along, with 217 upscale rental residences far enough along to be on schedule for a May lease opening, 8,000 square feet of retail space currently being framed and a five-story public parking garage scheduled to open in early summer.

The celebrated conversion of the Vail Mansion into a 36-home luxury condominium community has been completed, as is construction of an enclave of nine new multi-level townhomes on DeHart Street.
Morristown’s new residential developments are also experiencing a high level of success few locations can claim in today’s marketplace.

An impressive 50% of the 73 residences at 40 Park have already been sold, just three condominium residences remain available at Vail Mansion, and the last of the nine townhomes at DeHart Place was recently sold. And potential future residents are already placing their names on a VIP Wait List for the luxury residences at The Highlands.

Why is Morristown fairing so well despite a downturn in the overall housing market?

“First and foremost, there continues to be a strong desire by the public to live here, both young and old,” notes Debra Tantleff, a Vice President at Roseland Property Company, which is developing 40 Park, Vail Mansion and The Highlands with joint venture partner Woodmont Properties.

“There’s so much potential here being tapped into which is resulting in significant community-wide improvements. It’s a unique scenario in which you start with an existing residential setting rich in culture, character and convenience and then enhance those attributes with smart, well-conceived redevelopment efforts that improve the quality of life for both new residents and the community at large. It’s a formula that can prove successful in any market condition.”

Tantleff also points to the decline in interest rates as a key contributor to the recent uptick in homebuyer traffic at the 40 Park Sales Center.

“We’re looking at mortgage rates that were unheard of even a year ago,” she points out. “It’s made a big impact on potential purchasers who see this as a fleeting, opportune time to buy.”

That sentiment is shared by well-publicized analyst Jeffrey Otteau of Otteau Valuation Group who recently suggested that “the housing market is likely to bottom out in 2009 as credit restrictions loosen with a full swing recovery forecasted for 2010.”

“Mark my word, 10 years from now, people will look back at the first half of 2009 and say, ‘That was the time to buy’,” Otteau said.

Back at the Morristown Green, 40 Park has also benefitted from an ability to offer residents an in-town living experience coupled with the exceptional amenities and services of a new, upscale building.

A wide variety of one-, two- and three-bedroom homes are available, with prices starting from the mid-$500,000s to more than $1 million for the Signature Residences and from $1.3 million to $2.2 million for the penthouses. The penthouses will include extremely large private terraces of up to 1,800 square feet of desirable outdoor space.

Residents will also enjoy a number of private recreational amenities located within the building, including the elegantly-designed Park Center which features a lounge area with a fireplace, big screen TV, billiards table and a catering kitchen. There’s also a fitness center with state-of-the-art carirdiovascular and weight-training equipment.

There’s also private, secured parking for residents, while 55,000 square feet of high-end, boutique retailers and restaurants will complement the downtown, pedestrian-friendly setting.

For more information on 40 Park, please call 973-359-0010, or visit the website at http://www.40park.com. The community’s Sales Center is open seven days a week from 10 a.m. to 6 p.m. and is located at 20 South Street, Morristown, NJ 07960.
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Vesta Hoboken Brings Manhattan-Style and Unique Urban Living to the Mile Square City

vesta-hoboken-extSales Open at Vesta Hoboken Condominium Building in Historic Hudson County City

HOBOKEN, N.J – With a history of creating design-driven, luxury residential properties in such fashionable areas as TriBeCa and Chelsea, The Vesta Group is now introducing its unique vision for contemporary urban living to the Hoboken marketplace with Vesta Hoboken, a new boutique condominium building located in the Hudson County city’s bourgeoning south side.

Sales have opened from an off-site sales center located at 552 1st Street at the intersection of Adams Street for the new collection of 16 upscale condominium homes housed in a distinctive six-story building.

Featuring the same level of design, quality and service that has distinguished the signature residential properties throughout Manhattan, Vesta Hoboken will represent a decidedly new alternative for area homebuyers that’s further enhanced by the unmatched value it will offer relative to the marketplace.

“Our commitment to blending style and substance will help establish Vesta Hoboken as a premiere residential address,” says Marsha LaTessa, a principal of The Vesta Group, which is developing the property in joint venture with JESAN LLC.

“Residents will cherish living in one of New Jersey’s favorite cosmopolitan destinations where restaurants, entertainment, business and nightlife are all within walking distance. They’ll also appreciate residing in homes with sleek and modern interiors and a contemporary building that is as dynamic as its surroundings.”

Residences at Vesta Hoboken are expected to range in price from $690,000 to $1,470,000 which includes private parking. The mix of homes comprises generous two- and three-bedroom plans, as well as three- and four-bedroom penthouse duplexes — some with outdoor space and fireplaces.

Residents will be able to enjoy all of the city’s exciting appeal, including a vibrant downtown atmosphere, classic urban charm, extensive public transportation, and a close proximity to Manhattan. The PATH, Ferry and Light Rail are all easily accessible.

“Hoboken is an extremely pedestrian-friendly town due to the close proximity of its wide variety of schools, shops and retail,” notes Ms. La Tessa, “and Vesta Hoboken is well-located to take advantage of everything this great city has to offer.”

With only 16 residences, the building has an intimate and elegant ambiance. Designed by Dean Marchetto Architects PC, the striking exterior is notable for its deep gray brick façade with a reflective gunmetal finish – a contemporary interpretation of traditional Hoboken architecture.

The beautifully finished lobby is lined in chiseled white quartz and features Capiz shell chandeliers and Italian flooring with a pale steel patina. Residents will enjoy on-site parking, a private gym, a lounge and individual storage units.

“Vesta Hoboken will also be the first building in Hoboken with Video Doorman technology,” says Ms. La Tessa. “Groceries, dry cleaning, UPS and Fed-Ex will all be delivered and waiting for you when you get home.”

The spacious two-bedroom/two bath layouts range in size from 1,142 to 1,492 square feet of elegant living space. Amenities include floor-to-ceiling windows, 4 3/4” wide plank fumed oak flooring throughout the living area, central heating and air conditioning, nine-feet ceiling heights, spacious terraces in select homes, video intercom system, open gourmet kitchens with stainless steel appliances from KitchenAid’s Architect Series II, contemporary white high-gloss cabinetry, and Carrera marble countertops. Sumptuous master bathrooms are clad in limestone and Italian tile with stone flooring and large walk-in showers.

“The elegant duplex penthouses offer from 2,213 to 2,351 square feet of sensational living space, large terraces, fireplaces, three or four bedrooms and three baths,” points out Jackie Urgo, President of The Marketing Directors, Inc., the building’s sales and exclusive marketing agent. “The Vesta Hoboken living environment is crisp and contemporary, inviting and comfortable. Such style and substance promise to make the building one of Hoboken’s most sought-after addresses.”

For more information on Vesta Hoboken, please call (201) 610-0609, or visit the website at http://www.vestahoboken.com. The off-site sales center is located at the intersection of 1st Street and Adams Street.
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Strong Response Greets Opening of Preview Sales at Crystal Point in Jersey City

Crystal Point Condominiums in downtown Jersey City, N.J.

Crystal Point Condominiums in downtown Jersey City, N.J.

Historically Low Interest Rates and Competitive Preview Pricing Draw Buyers To Signature 42-Story Building

JERSEY CITY, N.J. –- Preview sales opened with a flourish at Crystal Point as savvy homebuyers recognize now is the time to buy at the spectacular offering of new Jersey City condominiums located in an iconic 42-story building along Jersey City’s Hudson River waterfront.

Historically low interest rates combined with competitive preview pricing now available Crystal Point have made the offering of one-, two-, and three-bedroom new homes in Jersey City a popular choice for buyers looking to take advantage of market conditions and receive incredible value with their new home purchase, according to Fisher Development Associates, which is developing the signature building a mere 25 feet from the dazzling Hudson River on the final piece of developable Jersey City real estate that directly faces Manhattan.

This special buying opportunity has quickly translated to brisk sales at Crystal Point just weeks after its initial new condominium homes was released to VIP registrants.

“They are a large number of buyers who realize this is the perfect climate to purchase, whether it’s to own the home of their dreams or for investment purposes,’ says Brian Fisher, a development principal

. “They understand the economy has presented them a unique opportunity and are identifying Crystal Point and its value-driven pricing as the ideal situation to maximize their investment.

“They also appreciate the fact that the building is pre-approved by three different lending institutions which allow them to take advantage of amazingly low interest rates and offer the ability to lock in at any time between signing their contract and closing.”

Crystal Point is redefining the concept of upscale waterfront living. Designed by noted architectural firm Gruzen Samton LLP, the new Jersey City condominium building boasts sweeping views of the ever changing skyline stretching from lower Manhattan to the George Washington Bridge. Each home will have water views — a rare advantage experienced only at Crystal Point.

“Buyers are responding to Crystal Point’s extraordinary blend of world-class architecture, an incomparable waterfront setting with dramatic views, and a convenient location between the charming Paulus Hook neighborhood and the Hudson River just minutes from Manhattan,” says Mr. Fisher. “They are extremely impressed by the sleek and cutting edge interior designs and extensive offering of resort-like services and amenities.”

To be a part of the Preview Opening at Crystal Point, buyers can call 201-433-7778 or visit http://www.crystalpointcondos.com.

Crystal Point’s distinctive, crystalline-style glass exterior was designed to maximize the building’s riverfront setting and reflect its exclusivity and diversity, notes Adrienne Albert, CEO of The Marketing Directors, Inc., Crystal Point’s marketing and exclusive sales agent. Inside, homes will range from 800 to 1,817 square-feet of well-designed living space complemented by a wide array of premium finishes.

“Stylish features will grace these homes, including kitchens with Italian Pedini wood and glass cabinetry, quartzite counters, under cabinet task lighting, full height pantries, islands with breakfast bars and full Jenn-Air appliance suite,” Ms. Albert points out.

“Floor-to-ceiling windows will drench the homes in natural light and most of the residences will offer balconies, expanding the already sensational views. Each residence will also have SMART home technology capabilities and washer and dryer.”
T
he dramatic elegance and sophistication of Crystal Point is further enhanced by its superb amenities where no detail has been left out to create a resort-like living experience for residents.

Ideal for maintaining a healthy body and mind, the Crystal Spa will feature a thermal bath, sauna, steam and treatment room. Residents will also enjoy a yoga/aerobics room, game room with billiard and poker table, state-of-the-art fitness center, lounge with catering kitchen and flat screen televisions, kid’s room and a screening room within the Crystal Club.

“An expansive outdoor deck overlooking the Hudson River and Manhattan skyline will feature a lap pool, hot tub, private cabanas and lounge chair seating, as well as a BBQ and dining area, fire pits with accompanying seating, and a children’s play area,” Ms. Albert points out. “The full-service building will also offer a professional concierge, and valet parking, while a lobby level restaurant will serve residents and the community at large. In addition, there will be access to the new Marina currently being planned by Jersey City and all the riverfront enjoyment and recreation it contains.”

Crystal Point homeowners will also appreciate the community’s convenient location just steps from a Light Rail station which provides direct access to other “Gold Coast” locales and numerous PATH trains and ferries that whisk commuters into Manhattan. In fact, the building is ideally situated between the Paulus Hook and Newport sections of Jersey City, allowing residents to utilize the PATH trains and ferries at both Exchange Place and Newport.

Dowtown Jersey City is also bustling with shopping and entertainment venues, while the tree-lined Paulus Hook neighborhood is known for its numerous restaurants, pubs, cafes, bakeries, and other conveniences.

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Metro Homes and The Trump Organization Announce the Closing of a $2.4 Million Penthouse at Trump Plaza Jersey City

trmp_plz_nj_niteJersey City, NJ – Joint venture partners Metro Homes, LLC and The Trump Organization announced this week the closing of a $2.4 million penthouse at Trump Plaza Jersey City, the new luxury condominium building located in downtown Jersey City, NJ.

The sale of the 2,000 square-foot residence translates to $1,200 per square foot.

“This remarkable residence sold and closed in just 30 days,” notes Dean Geibel, President of Metro Homes. “Executing a sale of this nature in today’s market speaks volumes about Trump Plaza’s stature as a world-class property that possesses enduring qualities and value.”

Trump Plaza Jersey City stands 55 stories tall and features 444 spectacular condominium residences — 375 of which are already sold and 220 are closed.

The magnificent studios, one-, two-, and three-bedroom residences range in size from 734 to 2,050 square feet of space and are priced from $495,000. The iconic residence is the tallest residential building in New Jersey and boasts unobstructed views of the New York City skyline, the Statue of Liberty and the ever-changing Hudson River scene.

Recently completed at Trump Plaza is a full floor of five-star, hotel-style amenities that allows residents to indulge themselves in 41,000 square feet of unparalleled indoor and outdoor lifestyle attractions. These include a Roman-style Aqua Grotto spa offering a classic social steam, sauna, walk-in experiential shower, a 25-foot demi-lune heated thermal bath and tranquil treatment rooms.

There’s also an indoor entertainment lounge with plasma TV and fireplace, private theater, billiard room, golf simulator, 3,000 square-foot fitness center, and a lushly landscaped plaza with a saltwater swimming pool. For more personal attention, residents enjoy a uniformed, round-the-clock doorman and 24-hour Concierge, in addition to an “At Your Service” Concierge, offering everything from dry cleaning and shoe repair to dog walking and maid service.

“The reliability and stature of the Trump brand is something buyers are attracted to and trust,” notes Jacqueline Urgo, President of The Marketing Directors, Inc., Trump Plaza’s marketing and exclusive sales agent. “Trump Plaza Jersey City’s exceptional location, dramatic living spaces, premier service, incomparable amenities and breathtaking views all stand up to the Trump name and mystique.”

To make an appointment to visit the on-site sales office and model home located at 88 Morgan Street, please call 1-888-NJTRUMP or visit http://www.njtrump.com.

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More Than 300 Guests Attend Model Opening at The Plaza at Tenafly

Professionally-decorated homes draw a record number of interested prospects and homebuyers to upscale Bergen County neighborhood.

Guests Attend Model Opening at The Plaza at Tenafly

Guests Attend Model Opening at The Plaza at Tenafly

A record number of homebuyers gathered at The Plaza at Tenafly to attend the recent grand opening of three model homes designed by acclaimed Chicago designer Rene Pabon of The Childs Dreyfus Group.

A record breaking 300 enthusiastic prospects — an incredible number rarely achieved in today’s housing market — visited the upscale collection of condominium homes and five-star amenities and services during the special three-hour event, including almost 100 new registered homebuyers, according to JMP Holdings, which is developing the neighborhood at the intersection of Piermont Road and Prospect Terrace in this enviable Bergen County Borough. The overwhelming attendance proves that buyers are eager for new product that represents value and embraces the luxurious lifestyle they seek.

“While news headlines are less than positive, the reality is there is still homebuyers who are ready, willing and able and the amazing attendance at this weekend’s model opening serves as proof,” says Richard Fernicola of JMP Holdings. “Buyers today are well-informed, recognize value and realize that there is limited supply at The Plaza at Tenafly.”

Attendees to the opening event enjoyed savory hor d’ouerves and a glass of champagne while they toured the new model homes which provide an up close look at the affluence and sophistication offered at this sought-after neighborhood located steps from downtown Tenafly.

Renee Pabon has created model homes that reflect the style and sensibilities of today’s sophisticated homeowner. Palettes, furnishings and accessories in each model are different, creating distinct “looks” in similar homes that will resonate with a broad range of buyers at The Plaza at Tenafly. Highlighted in the new models are two single-level condominium and a two-story layout with up and downstairs master suites. The new model homes join an existing model and provide a well-rounded sample of the well-designed floorplans available at The Plaza at Tenafly.

The model grand opening was part of the “Conversations” series of events held in the clubhouse an amenity space at The Plaza at Tenafly to illustrate the style, grace and quality that define the community.

Located within walking distance to Tenafly’s bustling downtown district, The Plaza at Tenafly is minutes away from all that makes Tenafly a popular residential destination.

The dramatic elegance and sophistication of The Plaza at Tenafly is enhanced by world-class recreational and social amenities where no detail has been left out. Featuring all aspects of a luxury resort with all of the comforts of home, the centerpiece of the community is its comprehensive 4,522 square-foot clubhouse which offers a state-of-the-art fitness center, grand salon with fireplace, catering kitchen, entertainment room with billiards and card tables, business center and private screening room with theatre. The recreational and social activities available to residents at The Plaza at Tenafly will be overseen with white glove attention by the community’s Concierge.

“The recreational and social amenities do not end there,” Mr. Fernicola points out. “The Plaza at Tenafly will also include a spa-inspired heated outdoor pool with sun deck. For added exclusivity, privacy and serenity, the neighborhood will provide a gated entrance.”

Affluence and elegance define the one-and two-bedroom residences at The Plaza at Tenafly. Priced from the low $400’s, homes offer up to 2,000 square-feet of luxury living space on either one or two levels.
“Designer features grace these homes including gourmet kitchens with granite countertops, Viking® range, dishwasher and microwave; SubZero® refrigerator and custom kitchen cabinets; hardwood floors in the entry foyer and kitchen and well-appointed bathrooms with decorative designer tile in tubs and Kohler® fixtures,” Mr. Fernicola adds.

The Plaza at Tenafly will feature three four-story elevator condominium buildings with the first level dedicated to parking. Each homeowner will be assigned two parking spaces – one enclosed and one outdoor.

The Tenafly Blue Ribbon school system is a strong draw for young couples and growing families in particular. Featuring four elementary schools, middle school and Tenafly High School, the district offers several advanced placement and honors courses and has an award winning music program and a gifted and talented kids program.

Ideally located for commuters, The Plaza at Tenafly easily blends the allure of suburban living with the draw of the surrounding major business and social epicenters. Nearby Routes 4 and 9W whisk commuters into New York City via the George Washington Bridge. There’s also express bus service which provides a fast and efficient 35 to 40 minute commute into Manhattan and New Jersey Transit has proposed that Tenafly be a terminal point for its Northern Line connecting the borough to the Bergen County Light Rail system.

For additional information on The Plaza at Tenafly, please call (201) 816-8000 or visit http://www.plazaattenafly.com. To visit the community from the George Washington Bridge, head west on I-95 South and take Exit 72A to merge onto Route 4 West towards Paramus. Exit onto CR-501/Grand Ave. toward Englewood. Continue to follow CR-501. Turn left at CR-501/Westfield Ave. Continue to follow CR-501. Turn left at E. Clinton Ave/CR-501/CR-70. Continue to follow CR-501. Turn left at Jay Street. Turn right at Piermont Ave.

From the Tappan Zee Bridge, take I-287 over the bridge. Head south on US-9W toward Ash Street. Make a slight right at Highland Ave. Turn left at Route 340 (entering NJ). Continue on CR-501-Piermont Road. Continue to follow CR-501. Turn right at Prospect Terrance. Turn right at Piermont Road.

From the Garden State Parkway. Take exit 161 to merge onto Route 4 E/W. Continue to follow Route 4 East. Take the Teaneck Road Exit toward Bergenfield. Make a sharp right at Teaneck Road. Continue on South Washington Avenue. Turn right at CR-70/East Main Street. Continue to follow CR-70. Turn left onto Piermont Road.
From Interstate 80: Head east on the local lanes and take Exit 70A Leonia. Merge onto E. Degraw Ave. Continue on Fort Lee Rd. Turn left at Grand Ave. Continue on CR-501/Engle Street. Continue to follow Engle St. Turn left at Hillside Ave. Turn right at County Rd/CR-501. Turn left at Prospect Terrace. Turn right at Piermont Road.

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Jersey City Mayor Jerramiah Healy Cuts Ribbon to Unveil New Sales & Model Center at Jersey City Condos

Crystal Point Condominiums in downtown Jersey City, N.J.

Crystal Point Condominiums in downtown Jersey City, N.J.

Jersey City, N.J. –- Jersey City Mayor Jerramiah Healy recently joined representatives of Fisher Development Associates to celebrate the opening of a new sales and model center for Crystal Point, the iconic new 42-story condominium building rising on the last piece of developable Jersey City real estate on the waterfront facing the New York City skyline in this Hudson County City.

Mayor Healy cut a ceremonial ribbon to unveil the new Sales Center which is located at 80 1st Street, just steps from the new collection of 269 premium residences and five-star amenities and services which lies a mere 25 feet from the Hudson River.

The state-of-the art facility features interactive electronic displays, flat-panel TVs and several ‘reality’ presentations, all supported by model recreations of the building and extensive amenity space. The center is highlighted by a fully-furnished, two-bedroom model residence which has been merchandised by renowned New York City-based interior designer Kim Depole Design.

“This is definitely not your typical off-site sales and model center,” says Brian Fisher, a principal of Fisher Development Associates, which is developing the new Jersey City condominiums. “It has been designed to dramatically reflect the extraordinary style, elegance and service that will be hallmarks of the building itself.

“Of course, the centerpiece is the fully-furnished model residence which prospective buyers can tour to accurately experience the exceptional living spaces and upscale finishes and appointments while the actual building is under construction.”

These Hudson County new homes offer magnificently-appointed one-, two-and three-bedroom designs and an extensive roster of five-star amenities to create an upscale living experience unrivaled on either side of the river.

Designed by noted architectural firm Gruzen Samton LLP, new condominium homes at Crystal Point will boast sweeping views of the ever changing skyline stretching from lower Manhattan to the George Washington Bridge. Each Jersey City home will have water views, a rare advantage experienced only at Crystal Point.

“Featuring all aspects of a luxury resort with all of the comforts of home, this iconic new building is sure to captivate buyers with its sleek and cutting-edge living spaces, breathtaking panoramic views, five-star amenities and a dramatic waterfront location nestled between the charming Paulus Hook neighborhood and the Hudson River,” Mr. Fisher points out.

Crystal Point’s distinctive, crystalline-style glass exterior was designed to maximize the building’s riverfront setting and reflect its exclusivity and diversity, notes Adrienne Albert, CEO of The Marketing Directors, Inc., the marketing and exclusive sales agent for these condos in Jersey City. Inside, homes will range from 800 to 1,817 square-feet of well-designed living space complemented by a wide array of premium finishes.

“Stylish features will grace these homes, including kitchens with Italian Pedini wood and glass cabinetry, granite stone counters, under cabinet task lighting, full height pantries, center islands and breakfast bars and full Jenn-Air appliance suite,” Ms. Albert points out.

“Floor-to-ceiling windows will drench the homes in natural light and most of the residences will offer balconies, expanding the already sensational views. Each residence will also have SMART home technology capabilities and washer and dryers.”

The dramatic elegance and sophistication of Crystal Point is further enhanced by its superb amenities where no detail has been left out to create a resort-like living experience for residents.
Ideal for maintaining a healthy body and mind, the Crystal Spa will feature a thermal bath, sauna, steam and treatment room.

Residents will also enjoy a yoga/aerobics room, game room with billiard and poker table, state-of-the-art fitness center, lounge with catering kitchen and flat screen televisions, kid’s room and a screening room within the Crystal Club.

“An expansive outdoor deck overlooking the Hudson River and Manhattan skyline will feature a lap pool, hot tub, private cabanas and lounge chair seating, as well as a BBQ and dining area, fire pits with accompanying seating, and a children’s play area,” Ms. Albert points out. “The full-service building will also offer a professional concierge, and valet parking, while a lobby level restaurant will serve residents and the community at large. In addition, there will be access to the new Marina currently being planned by Jersey City and all the riverfront enjoyment and recreation it contains.”

Crystal Point homeowners will also appreciate the community’s convenient location just steps from a Light Rail station which provides direct access to other “Gold Coast” locales and numerous PATH trains and ferries that whisk commuters into Manhattan. In fact, the Jersey City condominiums are ideally situated between the Paulus Hook and Newport sections of Jersey City, allowing residents to utilize the PATH trains and ferries at both Exchange Place and Newport.

Dowtown Jersey City is also
bustling with shopping and entertainment venues, while the tree-lined Paulus Hook neighborhood is known for its numerous restaurants, pubs, cafes, bakeries, and other conveniences.

To become a part of Crystal Point’s Preview Opening, homebuyers can call 201-433-7778 or visit http://www.crystalpointcondos.com.

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USDA GUARANTEED LOANS OPEN DOOR TO HOMEOWNERSHIP AT WARREN HEIGHTS

LOPATCONG, N.J. – First-time homebuyers and former renters are pleased to discover financing is available at Larken Associates’ Warren Heights in Lopatcong Township through secured loan programs offered by the United States Department of Agriculture (USDA) that open the door to homeownership.

The suburban Warren County neighborhood qualifies for the guaranteed rural housing loan program offered by USDA Rural Development which features 100% financing and requires little or no down payment for qualified buyers. To be eligible for a USDA guaranteed home loan, prospects must meet statutory income limits. Loans are processed locally through Warren Heights’ preferred mortgage lender.

The safe and friendly program eliminates much of the concern young single professionals and couples may have about obtaining a home mortgage with reasonable down payments and allowed many to achieve their “American Dream” at the collection of condominium homes with attractive monthly mortgage payments.

“With news buzzing about uncertainties in the mortgage and housing markets, there are a considerable number of people who want to purchase a home, but feel they wouldn’t be able to secure the financing necessary,” says Marilyn Cornelia, Larken’s Director of Sales and Marketing. “However, that’s not the case.

“USDA financing programs were created to provide first-time buyers and others who may not be able to obtain a conventional loan a tool to receive financing needed to purchase a home. That still holds true today and these guaranteed loans are allowing more individuals and families to become homeowners and receive all its benefits. When combined with the affordable prices of our one-bedroom condominiums and already low interest rates, the USDA loan program is making ownership a popular alternative with monthly mortgage payments similar to what many are now paying in rent.”

Warren Heights offers elegantly-designed condominium homes for buyers of all ages. Value-packed homes are priced from just $169,990 with special incentive pricing on certain models. Warren Heights features one-bedroom condominium homes with bonus rooms or two-bedroom residences with gourmet kitchens, formal living and dining rooms and master bedrooms offering master bathroom suites, a walk-in closet and attached sitting room.

“There’s also standard California Closets in the master bedrooms in all one-bedroom homes and bonus electric fireplaces in all homes,” Ms. Cornelia says, “and all condominium residences include an additional private basement storage area in the purchase price.”

The expansive and comfortable condominium homes at Warren Heights are complimented by an activity-rich lifestyle and low maintenance environment. The community boasts a comprehensive on-site amenity package which includes a clubhouse, two fitness centers, a magnificent outdoor pool, health club, basketball courts, a children’s tot lot, walking and biking trails, a gazebo, putting green, dog run and garden plots.

There’s also everyday necessities such as upscale eateries, retail outlets and professional offices adjacent to the community at Stryker’s Crossing and Stryker’s Plaza — a shopping center and medical and professional building developed in conjunction with Warren Heights.

A 1,845 square foot convenient store and 2,128 square-foot Italian restaurant are now available for lease at Stryker’s Crossing. The units can also be built out for other uses. The complex currently features an Edward Jones Investment, MC Consulting, CC Nail Place, Inc., Warren Hospital, Prestigious Dry Cleaners and Laundry, Wild Tans, The #1 China Restaurant, Sign Expressions, Skylands Community Bank, and UPS Store. A Busy Bee Child-Care center and Village Medical — a full-service medical facility — are located at Stryker’s Plaza.

Situated within the renowned Skylands region, Warren Heights is minutes from the many outdoor recreational activities that make living in northwest New Jersey so special. This is especially true during the summer season, where an array of activities can be found throughout the entire region.
Highlighting the area’s many outdoor facilities is the 70,000-acre Delaware Water Gap where a myriad of activities — ranging from hiking, river adventures and camping to live jazz concerts, museums and historic tours — are available.

“Additional cultural, recreational and social facilities are also abundant,” Ms. Cornelia points out. “For family entertainment, Dorney Park Wildwater Kingdom and Hershey Park in Pennsylvania are just a quick trip away.”

Warren Heights’ commuter-friendly location makes traveling a breeze. The neighborhood is minutes from major highways including Routes 287, 22 and 46 and Interstates 78 and 80 which whisk commuters into northern and central New Jersey.

For additional information on Warren Heights, please call (908) 387-0700 or visit http://www.larkenassociates.com. The Warren Heights’ sales office is open from Monday to Friday from 12 p.m. to 5 p.m. and weekends from 11 a.m. to 5 p.m. To visit: Take Route 78 West to Exit 3. Proceed 2 mile to third traffic light and turn right onto Route 519. Go approximately 1-1/2 miles to traffic light and turn left onto Route 57. Proceed approximately one mile and turn right onto Stryker Lane. Warren Heights is on your left, follow signs to the sales office.

MANHATTANITES PURCHASE PENTHOUSE HOME
AT THE CLASSIC AT KEW GARDENS

Three-Bedroom Residence the Largest in the New Queens Condominium

KEW GARDENS, QUEENS. – The Kamali Organization has announced the sale of a two-story penthouse at The Classic at Kew Gardens, the new collection of 52 luxury condominium homes located in this sought-after Queens, NY neighborhood.

The fifth-floor penthouse — the largest home in the distinctive six-story building — features 1,385 square feet of living space with three bedrooms, three baths and four terraces offering 561 square feet of outdoor space.

According to The Marketing Directors, Inc., the building’s marketing and exclusive sales agent, the home sold for $850,000.

“The Classic continues to gain traction with buyers from throughout New York City who recognize the extraordinary value offered here,” notes Jackie Kamali, a principal of the development firm that bears his name.

“We’re gaining a competitive edge in the marketplace thanks to our combination of exciting floor plans, upscale amenities and a desirable location in the heart of Kew Gardens with easy access to Manhattan. Buyers also appreciate The Classic’s 15-year tax abatement which enhances the value even more.”

The penthouse was sold to current Manhattanites who are leaving their Park Avenue South apartment for The Classic.

“Our buyers were attracted to the home’s two-story layout and numerous custom appointments – including an expansive skylight which helps flood the home in natural light,” notes Jacqueline Urgo, President of The Marketing Directors, Inc. “The four terraces were also a hot selling point as they provide opportunities for extending the living experience outdoors.”

The Classic at Kew Gardens perfectly blends old world charm with modern amenities due to a unique architectural design that combines four newly added floors with two existing levels that all pay homage to the English Colonial design commonly found in Kew Gardens. Prices for the condominium homes initially begin in the mid-$300,000s. The first homeowners will begin moving in this spring.

Manhattan-style amenities and services include The Classic Club which features a fitness center with state-of-the-art equipment, a children’s playroom and an exquisitely decorated social lounge with a catering kitchen, dining room, game table and a large plasma TV. There’s also The Salon, a relaxed setting for reading the newspaper or utilizing the available wireless capabilities, as well as complimentary bike storage, available personal storage, and an attended indoor garage.

“Elegance and sophistication are personified in The Classic’s exquisite attended lobby which was designed by the renowned interior designer Amir Khamneipur Design and boasts Tao Ci Botticino diagonally laid flooring with a coco colored border and walls covered in custom leather panels with recessed lighting,” notes Ms. Urgo. “A doorman will be on hand to greet residents when they arrive home and assist with package deliveries and more.”

The elegant condominium residences at The Classic combine stylish interiors with an abundance of private outdoor space. The homes offer from 574 to 1,385 square feet of luxury living space, along with a considerable array of high-end amenities and finishes.

The homes feature carefully-selected custom appointments, including gourmet kitchens with Aquamarina granite countertops, espresso-colored cabinetry, and GE® Profile appliances. Lavish master baths feature Calacutta marble counters, Tao Ci porcelain tile floors and showers, glass enclosed shower stalls and Kohler fixtures. Many of the homes also boast considerable outdoor space ranging from unique windowed loggias to expansive terraces.

The Classic is located in the heart of a neighborhood that offers the allure and privacy of a genteel, suburban environment, yet is within easy reach of the modern conveniences and amenities of a cosmopolitan City.

“Kew Gardens is only minutes from Manhattan, yet has retained the same charm and character of an old fashioned neighborhood,” adds Ms. Urgo. “The area is extremely pedestrian-friendly with an abundance of shopping, entertainment and cultural opportunities to reduce the need to travel by car. What’s more, The Classic’s commuter-friendly location on Kew Gardens Road just minutes from the E and the F subway lines, the Long Island Railroad and the Grand Central, Van Wyck and Jackie Robinson Parkway brings all that New York City has to offer close to home.”

For additional information on The Classic at Kew Gardens, please call
(718) 805-3800 or visit http://www.classickewgardens.com. The onsite sales center is located at 83-30 Kew Gardens Road, Kew Gardens, New York.

The Kamali Organization is a premier, family-owned real estate development firm specializing in luxury multifamily residential communities throughout Queens, NY. The principals are known for their meticulous attention to detail, visiting every project every day. The developments all share one common denominator: a high degree of quality, inspiring finishes and a keen focus on unique and compelling design.
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THE MARKETING DIRECTORS CONTINUES AWARD-WINNING TRADITION; EARNS 23 NATIONAL AWARDS FOR SALES & MARKETING EXCELLENCE

CEO Adrienne Albert to be Inducted Into NAHB Hall of Fame
as a “Legend of Residential Marketing”

NEW YORK, NY. — The Marketing Directors, Inc. has swept the 2009 Nationals SM as the Manhattan-based company has earned an impressive 23 awards from the National Association of Homebuilders (NAHB) recognizing the firm’s outstanding achievements in the industry.

The awards were announced by the NAHB’s Sales and Marketing Council (NSMC) which oversees The NationalsSM, the nation’s largest and most prestigious awards competition for new home sales and marketing professionals.

Award winners were selected from a field of more than 1,200 entries by a panel of industry professionals from across the country. The Marketing Directors’ 23 top awards for their region will now be in the running for National Gold Awards which will be announced at the 28th annual Nationals Gala, to be held on January 20th at Caesars Palace in Las Vegas.

“Year after year our talented team of professionals shines and is recognized as the very best in the industry,” notes Adrienne Albert, CEO of The Marketing Directors, which specializes in the marketing and sales/rentals of high density developments throughout the country.

“It’s especially gratifying during this challenging time which demands experience, innovation and leadership to achieve positive results for our clients. These awards are strong testaments to our ability to do just that.”

Highlighting the award-winning night in Las Vegas will be the induction of Adrienne Albert into the NAHB Hall of Fame as a Legend of Residential Marketing — the first woman to receive the prestigious honor. Legend awards are presented to building and marketing professionals who stand apart as giants in the new home marketing field.

Ms. Albert is nationally recognized as one of the foremost marketing and sales experts in residential real estate and is personally responsible for the marketing and sales of over $29 billion in residential sales. She is widely acknowledged as the visionary in real estate marketing and sales, constantly bringing new innovations to the industry.

The top project awards for The Marketing Directors includes Attached Community of the Year, Best Marketing Campaign for a Green Built Community, Best Brochure, Best Color Advertisement and Best Attached Home Plan for Visionaire, a “Green” residential building rising in Battery Park City; Best Graphic Continuity, Best Black & White Advertisement and Best Website for a Community for Platinum, a luxury condominium building in the heart of Times Square; Best Brochure for a Community for The Setai, a collection of luxury condominiums in downtown Manhattan; Best Brochure for a Community and Best Black & White Advertisement for Palmer Hill, a new collection of luxury townhomes and single-level condominiums ideally situated where Old Greenwich meets Stamford in Connecticut; Best Black & White Advertisement for Kalahari, a striking new building featuring state-of-the-art “green” residences in Harlem; and Best on the Boards Logo for Hudson Harbor, a new luxury development in Tarrytown, NY.

Individual Marketing Directors professionals singled out with awards include Martin Brady for Sales Manager of the Year; Eugene Cricco, Ella Quiban and Richard Sackman for Sales Person of the Year; Brandon Ochs & Cheryl Byrne for Rookie Sales Person of the Year; and Sales Team of the Year for the teams at Visionaire, The Setai, 50 Columbus (luxury rentals in Jersey City, NJ), and Gull’s Cove (luxury condominium development in Jersey City, NJ).

The NationalsSM – which originated as the MIRM Awards in 1982 – recognizes superior new home sales and marketing achievements. The nation’s largest competition, The Nationals’SM awards ceremony is held each year as part of the National Association of Home Builders (NAHB) annual International Builders’ Show (IBS).

About the Marketing Directors
The Marketing Directors is a full service marketing and sales/rental organization specializing in new homes and recognized as a national leader in high density residential development serving many of the industry’s most prominent developers across the United States and Canada since 1980. The company is led by founder Adrienne Albert, who will be inducted into the NAHB Hall of Fame as a Legend in Residential Marketing in 2009. David Tufts leads The Marketing Directors, SE formed in 2007. Jacqueline Urgo leads the NE operation. The Marketing Directors presently represents condominium developers in markets such as New York, New Jersey, Connecticut, Georgia, Florida, Alabama and North Carolina. The company has conducted over $60 billion in home sales.

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