Pulte Group plans to build 85 townhomes as part of a proposed new development in central New Jersey that also will include 20 affordable rental units and two commercial buildings. KB Home Colorado Inc. recently purchased land in Erie, Colo., to expand its Flatiron Meadows community. The 112-lot parcel sold for just over $4.8 million, Boulder County property records show. The seller was HT Flatiron LP, an entity registered to a Houston address.
The Pulte project would be built in Marlboro Township and is being developed by Marlboro Development Group, LLC. Testimony for the project began July 15 and is expected to resume at the Marlboro Planning Board’s Aug. 19 meeting. The applicant is represented by attorney John A. Sarto, of the firm Giordano Halleran and Ciesla, Red Bank. The applicant is proposing to subdivide the 13.7-acre property into four lots: one lot for market rate townhouses; one lot for affordable housing rental apartments; and two lots for commercial development. Municipal officials have said the Marlboro Development Group application is the result of a court order stemming from Marlboro’s unresolved affordable housing obligation that dates back to prior administrations. Affordable housing is defined as housing that is sold or rented at below market rates to individuals and families whose income meets certain guidelines. “I normally would not consider an application like this in Marlboro, but we have been court ordered to have this application so we would like to make it the best we can for those who are going to live in this development and those in the rest of Marlboro,” said Mayor Jonathan Hornik, who sits on the Planning Board. Sean Savage of Matrix New World Engineering, Florham Park, said the application proposes the construction of 85 market rate housing units and 20 affordable housing units, for a total of 105 housing units. He said a 10.7-acre lot would contain 18 three-story buildings with 85 townhouses to be sold at market rates. Each townhouse would have a two-car garage. A lot of slightly less than 1 acre would contain a three-story building with 20 affordable housing rental apartments and 40 parking spaces. Savage said a 1.1-acre lot would contain an 8,110-square-foot, one-story, multi-tenant commercial building and 42 parking spaces. A 1-acre lot would contain a 4,000-square-foot commercial building and 20 parking spaces. Architect Alexander Ovejas of the Pulte Group said the market rate units would have three bedrooms, three bathrooms and a two-car garage. James Mullen, Director of Entitlements – Northeast Corridor Division at Pulte Homes, said the applicant anticipates the market rate townhouses will be priced between $650,000 and $700,000. The price could reach $800,000 depending on Marlboro’s housing market, according to the testimony. Architect Thomas Brennan, who designed the proposed affordable housing building at the site, said the building would have four one-bedroom apartments, four two-bedroom apartments and 12 three-bedroom apartments. “KB Home has been very active throughout the Denver-metro area, acquiring new land and opening several new home communities. We recently made a strategic land acquisition in the Flatiron Meadows master-plan in Erie, purchasing 122 new home sites,” said KB Home’s Colorado division president Randy Carpenter according to Colorado Hometown Weekley newspaper. “This has been a successful sub-market, and we believe our buyers will be attracted to the community’s location, amenities and unique lifestyle.” KB Home is planning a collection of two-story paired homes that will range in size from approximately 1,600 to 1,900 square feet. Prices will start in the low $400,000s. Reported by centraljersey.com (Aug. 4, 2020) For complete contact information for Pulte Group, KB Home and the other leading homebuilders in the U.S. including all corporate, region and division offices and top personnel, refer to The National Builders Directory and Online Database.
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