The overall impact of the project is expected to be substantial. Besides raising the availability of housing in the market, the project, which will offer nine different models, is expected to bring an influx of as many as 4,000 new residents to what is already one of the fastest growing regions of the state. In particular, Monmouth and Ocean counties have become a hotbed of retirement housing activity.

The development also means that some big changes are in store for tiny Waretown. As US Home division president Don Bompensa explains, "this project will transform the Waretown area. It will add a new dimension to the local economy."

How heavy is the demand for residential product? "We have already started to put together a priority waiting list," according to Bompensa. "By next spring, when on-site sales actually begin, we expect to have a list of more than 2,000 names."

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