Walters is designing Cornerstone at Grassy Hollow, a 60-unit, income-restricted apartment and townhome community in Stafford Township, to achieve certification by the U.S. Green Building Council and ENERGY STAR program. — Courtesy: Walters
By Joshua Burd
Walters has started site work for a new 60-unit, income-restricted apartment and townhome community in Ocean County, the developer announced Wednesday.
In a news release, the firm offered new details about the project known as Cornerstone at Grassy Hollow, located at 200 Back Road in Stafford Township. The first building at the complex, which is located in the town’s Manahawkin section, is slated for the end of this year.
“This development fits with our program to create much needed, new income-restricted housing,” said Joe DelDuca, partner and director of affordable housing for Walters. “It’s important for communities to offer a variety of housing options so that residents of different income levels can remain in their communities.”
Cornerstone at Grassy Hollow will include one-, two- and three-bedroom apartments and townhomes, ranging from 729 square feet to 1,289 square feet, the news release said. The apartments will feature individual private entrances.
Meantime, Walters is designing the mix of two- and three-story buildings to achieve certification by the U.S. Green Building Council and ENERGY STAR program. The firm said the community will provide a mix of services and amenities, including a children’s tot lot, a basketball court and a community clubhouse with computer workstations and a fitness center.
Walter’s also cited the site’s proximity to local shopping areas, dining and entertainment and to Long Beach Island.
Cornerstone at Grassy Hollow will be open to individuals and families who do not make more than 60 percent of the county’s median income.