NEW JERSEY—HornRock Properties based in Paramus, N.J. has purchased an 8.4-acre site in the Borough of Mountain Lakes in Morris County, N.J. where it will develop a residential community called The Legacy of Mountain Lakes. Construction has already commenced on the 47-home development, which is slated to open for sale early this year.

“We are, first and foremost, a real estate developer which gives us a unique advantage when it comes to acquiring, developing and managing residential and commercial projects,” said David Hornblass, a principal of HornRock Properties. “By combining our ability to draw on significant financial resources with our extensive experience in new home development, we were not only able to close on the property quickly, but also begin the approval and construction process shortly after the purchase was completed.”

In addition to Legacy of Mountain Lakes, HornRock Properties is developing HighPointe at Woodbury Junction, a collection of single-family homes Central Valley, N.Y.