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Walters Hosts Ribbon-Cutting, Open House for Cornerstone at Barnegat

| December 22, 2016 | 0 Comments

Walters Group
500 Barnegat Boulevard North, Building 100
Barnegat, New Jersey 08005

Media Contact: Evelyn Weiss Francisco / / (201) 796-7788/

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BARNEGAT, N.J., Dec. 22, 2006 – Walters Group hosted a ceremonial ribbon-cutting and open house for Cornerstone at Barnegat, an age (55 +) and income-restricted housing project providing 70 new energy-efficient units.

Barnegat Mayor John Novak, Executive Director Anthony Marchetta of the New Jersey Housing and Mortgage Finance Agency (NJHMFA), and Cornerstone at Barnegat residents, employees and guests attended the celebration, which included music from WBNJ 91.9 radio, guided-tours and refreshments.

Walters Group was able to complete this project less than a year after closing on the property, according to Joe DelDuca, a Walters Group partner. “That’s an amazing feat and it’s not just our accomplishment,” he said. “Building homes where people live is very important to us, and we take it seriously. It’s more than a business for us; it’s our passion.”

“I’ve known Walters for six years and they’ve done a pretty phenomenal job in this area,” said Marchetta, NJHMFA executive director.”You are fortunate to have them here. This is an excellent project.”

Located at 9 South Main Street, Cornerstone at Barnegat is a three-story building, comprised of one- and two-bedroom apartment units with balconies. Only 20 one-bedroom units are available with a maximum monthly rent of $927. The building is designed with the needs of seniors in mind, providing abundant amenities and activities. Amenities include large gathering areas, fitness center, conference room, computers, outdoor barbecue area, secured access, elevators, on-site management and maintenance.

“This is a beautiful place,” said Patty Damato, who recently moved into her one-bedroom apartment. “I was looking for an apartment, and when I saw this project being built, I applied right away. There’s nothing like this in the area.”

Cornerstone at Barnegat was designed to be LEED® Gold as rated by the U.S. Green Building Council. DelDuca added that, “this translates into a building that is extremely energy efficient. We’ve spent money behind the walls, in the systems of the building, to make sure it endures and sustains for a long period of time.”

In addition to being constructed with sustainable building methods and materials, the property includes highly insulated walls and ENERGY STAR® appliances. The developer claims that the building’s sustainability features will result in significant savings in energy consumption for residents.

During the first 90 days, priority for residency is given to qualified Sandy-impacted individuals who have been displaced by or experienced major or severe storm damage from Superstorm Sandy.

Founded in 1984, Walters Group is a leading residential and commercial real estate developer with offices in Barnegat and Haddonfield, N.J. The firm is planning the development of several income-restricted housing projects in Ocean and Burlington Counties.



Category: Cushman & Wakefield of New Jersey, News Releases, Newswire: Latest News

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