Condominium Development Continues Construction Activity After Two Years

January 18, 2011 / Russell Legato, Residential Property Analyst

An adult condominium development located at Route 130 Cinnaminson, a Township in Burlington County, New Jersey, that changed an eyesore called as “Motel Row” appears resumes its construction activity. The construction of the condominium development— Siena halted for about two- years.

Condominium Development Continues Construction Activity After Two Years

Siena, the condominium development caters for adults 55 years- old and- above home buyers.

According to principal at J.S. Hovnanian & Sons, Stephen Hovnanian, the resumed construction at the condominium development is another milestone for the company’s expansion of Siena community.

The expansion also showcases redevelopment and construction projects in the area of Cinnaminson, and the continued growth of the township.

Representatives of J.S. Hovnanian & Sons recently joined the township’s officials for the ceremonial groundbreaking of the 3rd building in the condominium development, across a major shopping area in Cinnaminson.

The first two of the twelve building in the complex were built in 2008. In general, the condominium development will have a club house and about 204 two-bedroom condo units.

Condo units comes with an average of 1,100 to 1,900 square feet , with

prices ranging from $170,000 and up.

The township’s director of economic development, Committeeman Anthony Minniti said that he is pleased with the recent development on the project despite the current economic decline.

He also added that the township is not immune to the global economic recession, which affects the entire housing market in the United States.

About 34 condo units were already sold in the development and with two buildings already constructed, JS Hovnanian & Sons decided to begin constructing the third building. Completion date of the condominium development is expected by summer 2011.

Articles other readers have found interesting...

Top News Stories:

Leave a Reply