A new multi-family development is officially rising just a stone’s throw from Lake Hopatcong as the initial portion of a project called Jefferson Place has begun construction.
Diversified Properties recently heralded the beginning of their first phase of construction at Jefferson Place, which is situated on Hellers Lane in the Morris County town of Jefferson. The initial component is slated to include 32 one and two-bedroom apartments ranging in size from 855 to 1,216 square feet with built-in den spaces.
The community’s amenity package at the elevator building will include private garages, an indoor fitness center, an outdoor lounge with grilling areas, and individual storage units for residents. The first phase of the project is scheduled for completion in the fall of 2024.
“Our multifamily investment philosophy has always been driven by a focus on finding underserved markets like western Morris County and leveraging our creativity to bring communities like Jefferson Place to life,” said Nick Minoia, Founding and Managing Partner of Diversified Properties. “We are excited to celebrate this milestone as we begin the process of creating a space that residents can be proud to call home for years to come.”
Diversified Properties announced their purchase of the land where Jefferson Place will rise earlier this year, a parcel that totals just under ten acres. The property is near a recently constructed Quick Chek and local landmarks like the Jefferson Diner.
Other Garden State projects from Diversified Properties include Irondale at Wharton, a 60-unit community currently under construction in nearby Wharton. The company is also behind Morristown’s 58-unit 30 Court development and Summit Court in Union Township.