Real Estate Journal — New Jersey — April 15 - 28, 2016 — 11B


M id A tlantic

S outhern N ew J ersey Local builder offers a responsible way to build along the Jersey Shore Walters Group builds homes to weather winter storms

B ARNEGAT, NJ — Beach living at the Jer- sey Shore conjures up images of sand and sun. But severe weather can bring dark clouds of potential damage and destruction from hurricanes, high winds and flooding. “The recent winter storms that hit this area are a reminder that living at the shore has risks as well as rewards. The best way to mitigate those risks is to rebuild homes above the floodplain,” said Mat- thew- Gaudet-Walters , sales representative for Walters Group-ReBUILD . Walters Group created Re- BUILD, a customhome division post-Sandy to defend homeown- ers and their new homes from future storm damage. The time high levels. Planned im- provements at Philadelphia’s port over the next three years should provide continued de- mand for warehouse space. •Philadelphia’s expanding CBD is seeing new construc- tion across all sectors. The Comcast Innovation and Tech- nology Center and Cira South represent two of the largest office uses under construction. At 16th & Chestnut, the 700- room, dual-brand W/Element hotel has broken ground and is expected to open in 2017. Major mixed-use projects are planned for the long-vacant, block-long parcels at Broad andWashington. Several Mar- ket East projects are under- way, and Drexel is planning to develop more than 6 million s/f in its University City Innova- tion Neighborhood. WCRE also reported on the Southern New Jersey retail market, noting mixed results there, as well. Highlights from the retail section of the report include: •Overall retail and food es- tablishment sales dropped dur- ing the first quarter, which is expected post-holiday season. •Retail vacancy in Camden County stood at 11%, with average rents in the range of $12.12/sf NNN. •Retail vacancy in Burling- ton County stood at 14.8%, with average rents in the range of $12.05/sf NNN. •Retail vacancy in Glouces- ter County stood at 6.9%, with average rents in the range of $11.52/sf NNN. n continued from page 9B WCRE first quarter report

more resilient construction. To produce stronger housing and long-term savings, ReBUILD demolishes then constructs new elevated housing on pres- sure-treated pilings while in- corporating energy efficiency and modern design. ReBUILD raises the bar when it comes to building in flood prone areas. Even homes built in a zone that allows foun- dation walls are susceptible to heavy winds, which could hurl large objects like decks or boats into the foundation and collapse onto a home. That concern is eliminated when the first floor is raised 9 feet

above grade and the structural members of a home are raised above harm’s way, explained Gaudet-Walters. To date, ReBUILD has reconstructed roughly 140 homes in coastal locations ranging from Little Egg Har- bor Township to Manasquan. Newly constructed homes are specifically crafted for a homeowner's existing lot with layouts ranging in size from 500 s/f to more than 2,400 s/f. Homeowners should be tak- ing protective measures when building in a coastal environ- ment. Gaudet-Walters said that, “Rebuilding from the

ground up is an opportunity to incorporate new features while allowing for redesigned floorplans so that homes are better suited to a homeowner’s current lifestyle and needs. Making hasty short-term re- pairs on small beach bun- galows is usually a waste of money in the long-run.” A newWalters home is built to exceed current building standards and comes with a 10-year warranty on all structural issues, five-year warranty on all HVAC sys- tems, and one-year warranty on everything else, according to Gaudet-Walters. n

West Wind II model

firm embraced a better way of building in flood prone areas by focusing on smarter, safer and

Bank Ordered AUCTION

Online Only Auction Bid May 12 - 18

1,321± sf Free Standing Commercial Building

610 Mill Road, ABSECON, NJ

Only $10,000 Starting Bid!

PROPERTY INSPECTION Sunday, May 8, 12:00 – 1:00 P.M. ▲ Zoning: HC (Hwy. Commercial) ▲ 2 Stories ▲ Bathrooms: 1 (2nd Floor) ▲ Lot Size: 125' x 140'± ▲ Paved (15) Space Parking Lot includes (2) Handicapped Spaces ▲ Utilities: Electric, Gas ▲ Highway Exposure (Route 30) ▲ Central Air A/C ▲ Public Water & Sewer ▲ Assessed Value: $315,000 ▲ Taxes: $9739.80 (2016) ▲ Features: Alarm System & Replacement Windows

610 Mill Road Absecon, NJ

Route 30

856-769-4111 WarnerRealtors.com

Onl ine Only Auction at WarnerRealtors.com

Made with FlippingBook HTML5