239 Rental Residences and Lifestyle Amenities Planned for Property
EAST HANOVER, NJ – Kushner Real Estate Group (KRE), one of the largest privately held real estate companies in New Jersey, announced today that it has broken ground on a brand-new, 239-unit luxury rental community in East Hanover.
Known as Valley View Park, the project is located just off Deforest Avenue and will consist of five four-story buildings housing a mix of one- and two-bedroom residences, as well as a limited offering of three-bedroom homes in select buildings. A total of 34 of the rental residences will be reserved for low- and moderate-income residents.
A central clubhouse will offer residents lifestyle amenities such as a community great room, party room with fireplace, fitness center, yoga room and a children’s playroom.
Outside, the community will be complemented by open air amenities and landscaping details woven thoughtfully into the community design. Residents will enjoy access to a swimming pool, covered loggia with outdoor fireplace, three season relaxation area, BBQ grills, outdoor dining areas, an outdoor bar, outdoor televisions, firepits, a gaming lawn, community garden, dog park, children’s outdoor play area, and a community walking trail with an overlook.
“We’re excited to enter the East Hanover market and look forward to delivering a high-quality residential development to this well-located and desirable suburban community,” said Jonathan Kushner, President of KRE Group. “In supply-constrained markets like many towns in Morris County, new rental communities such as this one play an important role in both attracting new residents and retaining existing residents, with a modern housing and lifestyle option at an attractive price point.”
Valley View Park will become part of KRE Group’s popular “Garden Collection” of more than a dozen rental communities across the tri-state area. KRE is known as one of the most prolific real estate development and management companies in New Jersey, with a multifamily portfolio that includes luxury rental communities in dynamic urban and suburban settings, as well as 6,000,000 square feet of office, warehouse, and retail space. Among its recent projects are Journal Squared, a project delivering 1,838 luxury rental residences and 36,000 square feet of retail and restaurant space across three majestic towers in Jersey City’s historic Journal Squared neighborhood, Rock Pointe, a collection of modern residences and resort-style amenities in Rockaway Township, and Lehigh Hills, a brand-new luxury rental community in Pennsylvania’s Lehigh Valley.
For more information on KRE Group, visit www.thekregroup.com.
About Kushner Real Estate Group
Founded in 1979 and headquartered in Jersey City, NJ, KRE Group is a full-service real estate investment and management company with properties in New York, New Jersey, and Pennsylvania. The KRE multi-family portfolio exceeds 9,000 existing apartments, with an additional 7,000 in various stages of approval and construction. The company also owns and manages more than 6,000,000 square feet of office, warehouse, and retail space. For more information, visit the company’s website at www.thekregroup.com.