Walters on Thursday said it completed construction on Cornerstone at Montvale, a premium income-restricted apartment community in North Jersey. Located on Summit Avenue, near the Garden State Parkway, the community is almost fully leased.
Cornerstone at Montvale is a two-building, 25-unit community that opened to residents this fall. The development was sustainably designed, with LEED and Energy Star certification, which supports a healthy living environment and includes an array of upscale amenities.
“Walters is proud to welcome our new residents to enjoy this new extraordinary property in picturesque Bergen County,” Joseph Del Duca, partner and director of affordable housing for Barnegat-based Walters, said. “Cornerstone at Montvale combines high-quality amenities, private front door entrances and an ideal suburban location less than an hour from Manhattan.”
Additional amenities include common areas such as a fitness room, playground and outdoor areas with seating and gas grills. Residents also benefit from 55 parking spaces, and a bike shed to accommodate 18 bicycles. A staffed social services coordinator is also available upon request.
Cornerstone at Montvale apartments are available to residents whose incomes are at or below 60% of the area’s median income.
