NEWS RELEASE
Walters Group
500 Barnegat Boulevard North, Building 100
Barnegat, New Jersey 08005
Media Contact:            Evelyn Weiss Francisco: evelyn@caryl.com, (201) 796-7788
·         112 New Apartment Units Slated for October Completion
“Affordable housing is urgently needed in today’s tough economic environment,” states Ed Walters, Jr., president of the Walters Group.
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CONSTRUCTION BEGINS ON ECO-FRIENDLY STAFFORD PARK APARTMENTS
Walters Group Builds LEED Certified, Luxury, Affordable Community
BARNEGAT, N.J., March 24, 2009 – A new multi-story affordable housing community is currently under construction by the Walters Group, a local residential and commercial real estate developer. Stafford Park Apartments, totaling 112 units, is part of the large-scale Stafford Park redevelopment located just off Exit 63 of the Garden State Parkway, on Stafford Park Blvd. in Manahawkin. The income-restricted housing project is slated to open in October 2009.
The development will consist of five low-rise buildings, featuring a selection of energy efficient one-, two- and three-bedroom layouts with rents ranging from $445 to $1,117 per month. Each of the five buildings will be divided into two sections with either two or four apartment units in each section. Apartment community amenities include a clubhouse with fitness center, washer/dryer in every unit, a tot lot playground, 24-hour on-site management and maintenance, and on-site parking.
“We’re seeing a great deal of interest from area residents. Affordable housing is urgently needed in today’s tough economic environment,” states Ed Walters, Jr., president of the Walters Group. “The apartment community will be a wonderful addition to the town of Stafford, offering a reasonably-priced alternative to housing in the area.“
Green building methods and materials are being used to construct Stafford Park Apartments. The eco-friendly community is designed to meet both LEED (Leadership in Energy and Environmental Design) and Energy Star certification. LEED is a green rating system started by the U.S. Green Building Council (USGBC).
Located in southern Ocean County, the community is pedestrian-friendly, and situated within walking distance to shopping and dining. Public transportation is available via Ocean Ride, a county transit system that includes Reserve-A-Ride and local bus routes. In addition, the Garden State Parkway and Route 9 corridor pass through the township and provide access to Route 72.
Adjacent to the apartment community, the Stafford Park retail portion currently includes Target, Costco, Best Buy, Dick’s Sporting Goods and PetSmart. Another residential component is also planned for the redevelopment, consisting of 565 age-restricted housing units.
The Walters Group is currently compiling a waiting list and is accepting applications for all units. For more information, visit www.staffordparkapts.com or contact the property at (609) 597-3000.
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