M id A tlantic Real Estate Journal — Owners, Developers & Managers — Industry Leaders — December 18 - January 14, 2020 — 7C Industry Leaders
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The Ridge at Readington will feature a 254-unit, ten-building multifamily community Larken Associates receives approval to transform former Readington, NJ Commons site
EADINGTON, NJ — Larken Associates has received approval to construct The Ridge at Readington, a 254-unit, ten- building luxury multifamily community located at 460 Rte. 22 in Readington. Previously named Reading- ton Commons, Larken Associ- ates had begun construction on an eight-building professional office campus on the 17.2-acre headcount, you may find that you’re running through those licenses quickly – and can’t even consider providing limited secure access to users such as investors, project managers or outside accountants. An ERP platform will grow with you. 9. You can’t get straight answers in the support documentation. Industry expertise is a key driver to success and not likely to be achieved with a generic FAQ. When you subscribe to a robust cloud-based ERP, you will likely work with a highly trained and experienced value-added reseller (VAR) that knows how you need to use the system and what outcomes you expect. Further, your VAR can provide training for your em- ployees and quickly get them up to speed. R 10. Potential investors might not take you seriously. Looking for investors and limited partners for your busi- ness? Congratulations! But you should know about a potential pitfall with a basic accounting system: there’s a very limited audit trail behind your account- ing data. Many experienced investors will tell a smaller business to migrate to a “real” system before coming back to reapply for funding. This ties back to this article’s original point: when you’re ready to take that next step in terms of capital, multiple properties and multiple revenue streams, you will be expected to show that you’re keeping professional financial records, too. Your business is growing. Don’t let your accounting soft- ware slow you down. Upgrad- ing your operations to a true cloud ERP system will allow your company to establish a firm foundation for long-term, profitable growth. Michael Mullin is president of Integrated Business Sys- tems in Totowa, NJ. MAREJ continued from page 5C Has the time come . . .
property in 2010. However, the company recognized that the significant demand for housing in the market and the site’s location along Rte. 22 and just under two miles from the one- million s/f Unicom Science and Technology Center presented a tremendous opportunity to pivot the site to become a dy- namic multifamily community. Once completed, The Ridge at Readington’s 254-units will feature a mix of 168 one and two-bedroom garden apart- ments spread across seven buildings and 86 one and two-bedroom units in two
elevatored buildings. With 21 different unit types, the community offers something for everyone in the market for a new, modern place to call home. Further enhancing the site, Larken Associates will construct a state-of-the-art clubhouse with a pool, gym and spacious outdoor lounge area as well as a tot lot and bark park. Centrally located between Philadelphia and NYC, Hunter- don County’s blend of rural towns and burgeoning downtown areas has made it one of the state’s most in-demand places to live. MAREJ
The Ridge at Readington
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