Kalian Sets 210-Unit Active Adult Condo Community

LAWRENCE TWP., NJ-The Kalian Cos. closed on the acquisition of a 15-acre site in this Mercer County community, and is planning to develop a 210-unit active adult condominium community on the tract. The terms of the sale and the identity of the seller were not disclosed.

The Red Bank-based Kalian is calling its latest project Carriage Park. The company plans to initiate pre-development sales later this year for the combination of one- and two-bedroom units in 14 different floor plans. The cost of developing the community has not been released. Initial occupancy is expected to occur in about a year.

“We’ve been fortunate to obtain a spectacular site in a private setting close to a number of amenities for active adults,” says Alton Evans, vice president of sales and marketing for Kalian. He notes that the property is located about six miles from Downtown Princeton and less than five miles from the business district of Trenton, the state capital.