M id A tlantic Real Estate Journal — Central New Jersey — August 2024 — 11
www.marej.com
C entral N ew J ersey
Cornerstone at Grassy Hollow II progressing on schedule for November completion Walters elevates Stafford Township with new EMS/Fire Station and affordable housing launch S TAFFORD TOWN- SHIP, NJ — Stafford Township recently held
a ribbon-cutting ceremony to celebrate the opening of the new EMS/Fire Substation at 357 Haywood Rd. Constructed as part of the community investment initiative by Bar- negat-based Walters, the new station is home to Stafford Township’s Volunteer Fire Company, EMS, and Emergen- cy Management Department. Walters’ president and founder, Ed Walters Jr. , joined local dignitaries, includ- ing Mayor Robert Henken, Council President Lisa Mower, Councilwoman Amy Otte, Councilman Steven Esposito, Chief Ja- son Spisak, Chief Michael Essig, Township Admin- istrator Matthew von der Hayden, and Township Engineer Frank Little, to mark the occasion. In addition to developing the new substation, Walters has committed significant resourc - es to several other public im- provements in Stafford Twp. These include refurbishing and reconditioning the exist- ing Stafford Park water tower, completing construction of the Township’s newest park and playground, Park of the Pines, and making enhancements at Nautilus Park, including three new athletic fields and a new traffic signal near Costco. “These projects are enrich- ing the quality of life for Stafford Twp. residents. The result is a healthier and more robust community,” said Ed Walters Jr. Construction is on schedule for Cornerstone at Grassy Hol- low II, a premium, income-re- stricted apartment community slated for completion in Novem- ber, according to Walters. The initial housing lottery for the new apartment community at 200 Back Rd. in Manahawkin closed this month, with robust interest reflecting sustained affordable housing demand within the local market. The development will of- fer 34 one-, two-, and three- bedroom apartments in two buildings. The first building is expected to be completed by mid-September 2024, with the second to follow. In addition to managing the property, Walters will be providing on-site supportive services to help residents thrive. MAREJ
Stafford Township EMS/Fire Substation
Grassy Hollow II
Northmarq expands in the NORTHEAST REGION We are pleased to announce that Calloway Capital has joined Northmarq. Founder David Singer will establish and lead our new Lakewood, NJ office, expanding our debt and equity capabilities in the Northeast region. Alongside our established professionals in the tri-state area, the new team is committed to providing exceptional support and advisory services to our valued clients.
DAVID SINGER Managing Director dsinger@northmarq.com
Commercial Real Estate | 973.995.9250 Debt + Equity | Investment Sales | Loan Servicing | Fund Management northmarq.com
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