Two large multi-family complexes in small towns not far from the Delaware River are proving that New Jersey’s “Gold Coast” isn’t the only riverfront spot with a high demand.
Larken Associates recently completed and full lease-up of two of their recently developments. The Reserve at Crosswicks, a 272-unit community in Bordentown, and the 254-unit The Ridge at Readington are now fully occupied and represent the firm’s latest Garden State growth.
Over the last four years, Larken has brought 1,022 new residences to the market and added several existing communities across New Jersey and Pennsylvania to its portfolio. The recent pair of fully leased properties are in less populated areas of the Garden State in Hunterdon and Burlington Counties.
“The successful completion and lease-up of The Reserve at Crosswicks and The Ridge at Readington serve as a testament to the dedication and expertise of our team which I believe is the best in the industry,” said David Gardner, President and CEO of Larken Associates. “Together we are focused on expanding our Larken Living portfolio as we execute several residential developments that we have in the pipeline.”
The Reserve at Crosswicks totals seven buildings with a wide array of indoor and outdoor amenities including a community clubhouse, fitness center, dog washing salon, heated outdoor pool, and covered outdoor pavilion with a lounge, fireplace and BBQ grilling stations.
The Ridge at Readington also consists of seven buildings complimented by a state-of-the-art clubhouse with a theater room and lounge, an outdoor heated pool with tanning ledge, and a variety of walking paths throughout the property.
Larken Associates is currently making capital improvements at several of their communities and received approvals last year to construct Monte View at Pohatcong, a 120-unit community scheduled to break ground in 2023.
The company has several developments in the pipeline throughout the state’s more secluded areas but hasn’t completely ignored the denser cities. Larken has a hand in a massive Bayonne joint venture that would bring an 1,100-unit mixed-use complex to the site of a former A&P in the Peninsula City.
