Brookland at Lakepointe
Brookland at Lakepointe, part of a re-imagined Hopatcong Borough, offers energy-efficient homes that create an opportunity for homebuyers to leave their rented apartment behind and own a well-appointed, two-bedroom condominium. A low starting price, great features and convenient location within walking distance of Lake Hopatcong make these homes ideal for those who want to grow equity instead of piles of rent receipts.
Located at 5 West River Styx Road in Hopatcong, Brookland is a state-of-the-art building with about 4,600 square feet of retail space and a one-bedroom home on the first floor. The second two floors offer 14 two-bedroom homes, some with a large one-car garage with storage.
Homes have nine-foot ceilings, spacious kitchens and bright sunny rooms. A private stairway takes owners home to one of the three floor plans, ranging in size from about 950 square feet to just under 1,300 square feet. Three stunning floor plans are offered, each with designer kitchens that include maple cabinetry with a choice of colors, granite countertops, stainless steel under mount sinks, lever faucets with pull-out sprayers and stainless steel GE gas ranges, microwaves and dishwashers. Bathrooms feature maple cabinetry, cultured marble countertops and sinks, glass enclosed tile showers in the master bath and bathtubs with tile surrounds in the guest bath.
High-efficiency heating and cooling equipment, complemented by extra insulation in the 2x6 walls, keeps these homes comfortable. Homes have high-efficiency 50-gallon water heaters along with city water and sewer and underground electric, gas and cable service. Homes are wired for phone, internet and cable. Brookland’s maintenance-free construction will appeal to those who don’t want to worry about yard work and other chores. For instance, the condominium association will take care of all common areas, snow removal and landscaping.
Major work centers are readily accessible by Interstates 80 and 287 and State Route 206, all of which are close by. Train service to New York City is a short drive from Lakepointe, and the ride is about an hour to the city. Newark-Liberty International Airport is less than an hour away. Shopping, cultural activities and recreational facilities surround Hopatcong.
To help homebuyers, Greentree Development Group is defraying some of the costs of new homeownership. Ask about special financial packages for quick-move-in homes. Visit the community website: http://brooklandatlakepointe.com
Lakeland Village offers 76 energy-efficient homes starting under $200,000 in picturesque Wanaque Township. Buyers can pick from one- and two-bedroom homes one, two or more levels. Some homes come with garages.
Homeowners can enjoy the small-town atmosphere while being only 34 miles from Manhattan and a short car ride to Wayne and Morristown. Residents can walk to the Wanaque Town Center and to many restaurants and shops. The community’s access to Interstates 80 and 287 and Route 23 make it centrally located. Train and bus service is nearby.
Homes include a variety of luxury appointments, such as granite countertops, and many personalization opportunities are available. Visit the community website: http://www.lakelandvillageliving.com
Sold Out Communities
Parkside at Wanaque
WANAQUE, N.J. – A community of active-adult homes seemed like a great idea when Wanaque Borough approved it, but events turned it into an eye-sore and a nuisance. Fortunately, Greentree Development Group and the Borough worked together to turn an abandoned construction site into a community of great homes, good people and added revenue. Today, someone approaching Fourth Avenue from Boulevard, perhaps on their way to Back Beach Park, sees Parkside at Wanaque, a beautiful town-home community. But this is a site that went through many changes and created some challenges for Wanaque.
The eight-acre site was once the American Candle Co. In 2005, the Borough approved a 121-home active-adult community on the site. Construction began, but the builder ran into financial problems and the bank foreclosed. Instead of a beautiful community, the builder left a mess.
“It was an abandoned construction site, so it was unsightly,” said Borough Administrator Thomas Carroll. Carroll recalled that in addition to construction debris, incomplete foundations and partially in-stalled roads, promised infrastructure improvements did not meet expectations. Instead of an abandoned factory, the Borough now found itself with a field of ugly, dangerous debris with no solution in sight.
In 2011, Greentree Development Group took an interest in the site. Greentree is the spinoff of an investment company that specialized in working with distressed properties. But Division President Dave Gunia, saw a greater opportunity in Wanaque. “The market was turning and the opportunity here was in building out this project,” said Gunia, who learned his trade working for some of the state’s most prestigious homebuilders. “Its size made it right for that decision.” Greentree was already earning a reputation as a company that works with municipalities, not against them. When Greentree began talking with Borough officials, it was about a market-rate town-home community, not an active-adult neighborhood. But everyone was willing to listen. “We were excited to have an interested developer,” said Carroll. “The market was saturated with age-restricted homes,” said Gunia. “We talked with the town about dropping the age restrictions. They indicated there were ‘some challenges’ but they would support it.”
Greentree team told the town what it wanted to do, and listened when the Borough laid out its needs. Each side compromised, but each side got what it wanted. “They wanted a luxury community that would attract a higher demographic,” recalls Gunia. “They mandated a higher level of fit and finish and that’s what we accomplished.” The challenge, added Gunia, was to stay within a price range appropriate for the area. The Borough had other requirements. A prom-ise to complete or fix infra-structure that had not been in-stalled properly or at all came with the property. Greentree also agreed to update the Back Beach Park tennis courts and to realign an intersection. “We ended up with a beautiful site,” said Carroll. “Greentree has been excellent to work with. They’ve been very cooperative. They’ve done everything we’ve asked them to do.”
Today, Parkside at Wanaque has 88 elegant homes, including town homes with garages and one-level condominiums. It includes homes to help Wanaque meet its COAH obligations. It has brought new residents, revenue and quality to the community. “It’s added $15 million in ratables, more people in town to shop at our local businesses and to help our local economy,” said Carroll. “We’ve heard nothing but good things. We haven’t had any complaints from the residents, which is always good.” For Greentree, Parkside’s success reinforces the company’s philosophy that partnering with communities can lead to positive results for all. “If you listen to the municipality’s concerns and you address them in a manner that works for the developer and the municipality, the results will be good for everyone,” said Gunia. “We understand the need to create housing that people will love and can afford and we see that opportunity in redeveloping existing properties. We know that municipalities also have a stake: They need to revitalize themselves and create ratables and opportunities.
“Parkside is another example of how working cooperatively creates a good outcome for the community, its residents and for Greentree,” he said. For more information, call (973) 646-7476 or click here.
Greentree Development Group - 446 River Styx Road, Suite C4 - Hopatcong, NJ 07843 - (862) 666-9100