20B — June 22 - July 12, 2018 — Owners, Developers & Managers — M id A tlantic
Real Estate Journal
O wners , D evelopers & M anagers
Cornerstone At Seaside Heights Enhances Shore Community Walters Group builds green, income- restricted alternative for seniors
EASIDE HEIGHTS, NJ — A revitalization effort is underway on tshe corner of Bay Boulevard and Hamilton Avenue where work crews are busy fram- ing Cornerstone At Seaside Heights, a new age- (55+) and income-restricted apartment community. The aging build- ings that once stood on the site – a former Travel Inn Motel, Seaside Lumberyard and hard- ware store – were demolished last year to make way for a state-of-the-art residential building that is now taking shape on the Barrier Island. As the area’s only new con- S
struction development, Cor- nerstone At Seaside Heights will be transformative for the borough when it’s completed in February 2019, accord- ing to the Walters Group. The developer has completed underground utilities and is currently installing structural steelwork, plumbing, concrete curbing and sidewalk. “Seaside Heights has a lot to offer,” said Ed Walters, Jr. , president and founder of Walters Group.”It’s not just a popular summer destination; it’s also a community with individuality and small-town spirit. We see this develop-
ment as a huge benefit to the borough and particularly the older population who wants to continue to live at the shore but may have been priced out of the market.” Const ruc t i on has been steadily progressing on the modern 91-unit building which will offer premium apartment homes in one- and two-bed- room layouts. The income- restricted units will be open to older adults who do not make more than 60 percent of the county's median income. The property will also in- corporate high-end amenities to enhance resident lifestyles. While overlooking the bay and Casino Pier, residents will have access to outdoor space from an upper-level deck, pri- vate balconies on most units, a fitness center and commu- nity room, as well as planned activities. In addition to Cornerstone At Seaside Heights being af- fordable, Walters is using en- vironmentally friendly “green” technologies in the construc- tion of the new building and expects to achieve the strict standards of LEED (Leader- ship in Energy and Environ- mental Design) and ENERGY STAR status for incorporating a number of sustainable fea- tures. As an energy-efficient and green property, it will fea- ture non-invasive landscaping, the use of recycled materials during construction and a close proximity to local retailers. In addition, Energy Star appli- ances will help residents with long-term reductions in utility costs. Pennoni creates new Energy & Design- Build region WEST CHESTER, PA — Michael R. Cromer, PG, DBIA, ENV SP , of Pennoni’s West Chester office, will now serve as regional VP for the newly created Energy and De- sign-Build region and has also been promoted to associate VP. Cromer’s promotions signify a permanent commitment to growth and focus on Pennoni’s involvement in both Energy and Design-Build projects. The new Energy and Design-Build region will be market-focused offering energy management, energy efficiency, and design- build services to industrial, commercial, federal and insti- tutional clients.
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