MT. ARLINGTON, NJ—Executives of Woodmont Properties, which has opened its newest rental apartment community, Woodmont West in Mt. Arlington, tell GlobeSt.com that despite the conventional wisdom that millennials want to live in edgy urban core communities, there is a large percentage of the younger workers attracted to suburban lifestyles with urban commuting as an option.
Woodmont is appealing to both of these groups with transit-oriented developments in Cranford, Metuchen, Red Bank and elsewhere centered around major transportation hubs, and filling the luxury rental niche in the more suburban Morris County market.
"Certainly, that is a very strong segment of the market," Woodmont's executive vice president and general counsel, Stephen A. Santola, tells GlobeSt.com exclusively. "But equally as strong is Mount Arlington, where we see the luxury apartment market being underserved, because nothing was built in that part of Morris County for 35 years, so we're sort of in the infill niche, but we also happen to be a quarter of a mile from the Mt. Arlington train station."
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
