After two decades of faltering ownership and development efforts, Procida Funding & Advisors’ acquisition of The Plaza Grande at Garden State Park, a premier 55+ luxury rental community, says it is setting a new benchmark for success in the active adult living sector just 400 days after taking possession of the property.
The Plaza Grande is averaging 15 leases per month, representing a 100% increase over the national average. Procida is now just weeks away from delivering the final units at the property.
The accelerated leasing performance highlights the community’s luxury offerings, prime location, and world-class lifestyle amenities. The leasing team’s expertise, strategic approach, and dedication to excellence have been instrumental in driving demand and maintaining an exceptional occupancy rate.
“Evangeline, Jim, and Jamie have set a new gold standard in leasing through their dedication, deep market knowledge, and client-first approach. Their commitment to excellence is the driving force behind The Plaza Grande’s continued success,” said Billy Procida, Founder and CEO of Procida Funding and Advisors.
The Plaza Grande at Garden State Park offers 55+ living experience, featuring a state-of-the-art 18,500-square-foot clubhouse equipped with an indoor saltwater pool, golf simulator, movie theater, social lounges, fitness center, and yoga studio.
Outdoor amenities include a resort-style pool with gas grills and fire pits, bocce ball and tennis courts, and meticulously designed residences that embody sophistication and comfort.
The property is located on what was previously the Garden State Park racetrack. It is located at the intersection of Haddonfield Road and Chapel Avenue. Garden State Park features a sprawling complex with a diverse range of housing options, including condominiums and rentals, along with an array of retail stores, such as Home Goods, Home Depot, Trader Joe’s, Wegman’s, TJ Maxx, Cheesecake Factory, and more.
