WOOD-RIDGE, NJ-AvalonBay Communities has broken ground on Avalon at Wesmont Station, the cornerstone of a transit-oriented neighborhood planned by Somerset Development here. The project will consist of four five- and four-story buildings with a total of 406 one-, two- and three-bedroom apartments. The buildings’ ground floors will house approximately 27,000 square feet of retail space. Occupancy for Avalon at Wesmont Station will begin in the second quarter of 2012. The community will be the company’s 14th luxury apartment development in the state.

“We are excited to see Avalon at Wesmont Station get off of the ground today,” said Ralph Zucker, president of Lakewood, NJ-based Somerset Development, master developer of Wesmont Station, at the ground breaking ceremony. “As we continue to develop horizontal infrastructure, it is encouraging to see the beginnings of vertical construction taking place. This groundbreaking marks a great point of progress in what has been a nine-year redevelopment process thus far.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.