APR Will Add 157 Condo Units to Market

MATAWAN, NJ-Among other projects statewide, American Properties Realty already has two condo communities under construction in the Central New Jersey region, totaling 353 units, and the Iselin, NJ-based developer says it will build yet another. The Preserve at Matawan is set to start construction, in a project that will add an additional 157 residential units to the marketplace.

Those 157 units will be arrayed across 10, three-story buildings, and preconstruction sales just got under way. The site is at the intersection of Freneau Ave.–also known as State Route 79–and Old Mill Rd. in this Monmouth County community. The cost of the project has not been released.

The project takes its name from an adjacent 10-acre preserve of woodlands and water. The community, which will have units of up to 1,635 sf, will back up to that preserve. The site is also less than two miles from the Aberdeen-Matawan Train Station, a busy commuter hub for northern Monmouth and eastern Middlesex counties.