Mid Atlantic Real Estate Journal — Section B


Post- Hurricane Sandy housing development takes shape Construction commences at Riverwood Chase in Toms River, NJ try, andArmstrong® Resilient flooring.


N G L E W O O D CLIFFS , NJ - Con- struction has com-

NEW YORK — Mc Gowan Builders, Inc . announces com- pletion of the townhouse conver- sion at 255 East 71st Street for MarymountManhattanCollege, which will provide important newoffice facilities for theirgrow- ing campus nearby. Mc Gowan Builders worked carefullytoensureproperaltera- tionand transition of the former townhouse into usable office space for Marymount Manhat- tan College. Mc Gowan began with the complete abatement and demolition of the existing structure, except for the façade. New structural framing, un- derpinning, elevator pits and structural slabs were installed, followed by a new mechanical, electrical and plumbing (MEP) system. Mc Gowan then in- stalled a new elevator system, windows and roofing. Finally, the building was fit with brand new, high-end interior finishes to accommodate Marymount ManhattanCollege’sneeds. The former townhouse on East 71st street is now ready to function aspremier office space forMary- Back in December private equity firm, Procida Fund- ing , provided Jerald Devel- opment Group an acquisition and infrastructure loan for the project. Jerald Development Group is known for creating highly successful communities throughout central New Jer- sey. The townhomes are being built by NVR’s Ryan Homes division, one of the largest homebuilders in the U.S Like all new Ryan Homes product, those at Riverwood Chase are fully ENERGY STAR Qualified, yielding monthly utility bills up to 30% lower than standard homes, according to the EPA. All Ryan Homes also carry 10-year structural warranties and are independently inspected for quality by a third-party inspector. Units at Riverwood Chase start in the upper $200,000s. ■

menced at one of the first new housing projects to start post Hurricane Sandy in Toms River. The 200 unit town- home community known as Riverwood Chase is located on Lakewood Drive and Cox Crow Road. Riverwood Chase will con- sist of three bedroom, two and half bathroom units with a single car garage. Each unit will showcase a significant list of features, including GE ap- pliances, Timberlake cabine- HIͳLIGHTS OCT. 25 - NOV. 7, 2013

Riverwood Chase

Mc Gowan Builders completes Marymount Manhattan College townhouse conversion


mount Manhattan College. Building for Education McGowanBuildershasstrong experience in building educa- tional facilities. The company recently completed the Innovate Manhattan Charter School in April 2013, re-fitting the building’score-and-shell space to suit the needs of an educational facility. The Innovate Manhat- tan Charter School serves as a model for timely, efficient engi- neering. Mc Gowan Builders has a record of performing high-qual- ity construction for educational facilities, including the Mary- mountSchool ofNewYork, locat- edon5thAvenue inManhattan; Alliance Française in Miami, FL, an institutionthat promotes the French language and Fran- cophone culture; The Leaguers Headquarters inNewark, NJ, a non-profit that provides a head start program, after-school ac- tivities and community services for adults; and The Manhattan Neighborhood Network in New YorkCity, a center that provides media education for youth. ■



Marymount Manhattan College Courtyard (Top) and Office (Bottom)

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