From left: Lacey Township Administrator Veronica Laureigh, Township Committee Member Timothy McDonald, Walters Partner and General Legal Counsel Joe Del Duca, Mayor Peter Curatolo and Township Committee Member Robert Laureigh were among those on hand Aug. 20 for a ribbon-cutting ceremony at Cornerstone at Lacey III at 900 Gary Smith in Lacey Township. — Courtesy: Walters
By Joshua Burd
Walters has added to its vast housing portfolio in Ocean County after marking the completion of another 70 income-restricted apartments in Lacey Township.
The developer recently welcomed its first residents to the property, Cornerstone at Lacey III, noting that the complex is the final piece of a three-phase project just east of the Garden State Parkway. It marked the milestone last week during a ribbon-cutting ceremony at 900 Gary Smith Way, noting that the third phase has a new community clubhouse with computer workstations and a modern fitness center.
“We’re proud to deliver quality, affordable housing that meets the needs of residents from a range of income levels,” said Joe Del Duca, partner and director of affordable housing for Walters. “With the first two phases fully occupied, this final phase is an exciting milestone, and we’re confident it will continue to bring lasting benefits to Lacey for many years.”
Walters designed and constructed the development to meet the requirements of the U.S. Green Building Council’s Leadership in Energy and Environmental Design scale and Energy Star certification, according to a news release. That equates to homes that produce lower utility bills, have better air quality and leave a smaller environmental footprint.
Cornerstone at Lacey III consists of two- and three-bedroom apartments with individual entrances, the firm said, while touting amenities such as a children’s tot lot, a barbecue and picnic area and half-court basketball. A staffed social services coordinator is available upon request.
Rental rates at the complex are income-restricted, with all units available to those who earn 60 percent or less of the area’s median income, Walters said. Rates are based on the renter’s gross annual income, according to the rent and income requirements chart.
Developer, HMFA mark debut of affordable housing project in Ocean County
