FAIRFIELD, NJ —Woodmont Properties, one of New Jersey’s foremost developers of quality residential communities, announced that it has recently been named the property, development andmanagerfor Lowe Enterprises’ Abitare Apartments. With this assignment, Woodmont aims to strengthen operations, re-position the property and build the value of the overall investment.
Abitare, a 317-unit luxury apartment community located in the Voorhees Town Center, is owned by Lowe Enterprises, a diversified national real estate company active in commercial, hospitality and residential property investment and development. Woodmont plans to perform maintenance improvements as well as renovate the existing clubhouse and model apartments, refurbish the apartment lobbies and start the construction of an additional 108 apartments, bringing the total to 425 residences.
"Our partnership with Lowe is further validation of our experience and knowledge in apartment community development and management,” said Eric Witmondt, Chief Executive Officer of Woodmont Properties. “It is because of our consistent, sustained growth throughout the last six years that we are able to both build and manage our growing apartment portfolio as well as work with strategic partners to add value at other communities as a result of our full depth of skills in development, construction and management.
“We will apply the Woodmont standard to Abitare, which is nothing short of the highest quality of resident services, as well as property management and marketing,” Witmondt continued.
Earlier this year, Woodmont named Marla Posey as Regional Property Manager for its apartment portfolio to further expand and strengthen its Property Management division. Abitare Apartments will be one of the communities Posey will oversee.
Abitare is located in Voorhees Town Center, a mixed-use development built in 2009, offering 732,000 square feet of high-end retail including an enclosed mall anchored by Macy’s and Boscov’s and “The Boulevard” retail shops. There, residents can enjoy upscale shops, services and restaurant space along a quaint main street (main access road to the enclosed mall).
The Abitare Apartment Homes was completed in 2011 and feature upscale studio, one-, two- and three-bedroom units ranging from 650 square feet to 1,743 square feet spread out among nine buildings, each three- to four-stories high.
Each apartment home reflects exceptional finishes, including full-sized washer and dryers, high-speed Internet, nine-foot ceilings, wall-to-wall carpeting, an abundance of natural lighting and spacious walk-in closets. The kitchens have laminated wood flooring with 42-inch cabinets, garbage disposal, granite counter tops and built-in, energy-efficient GE appliances.
Residents also have access to multiple amenities including an outdoor swimming pool, an inviting clubhouse that features a 24-hour fitness center, kitchens, a business center and a game room. There is also ample on-site parking as the community boasts 158 underground garage spaces in addition to 677 surface parking spaces.
Voorhees is a suburban community of 30,000 residents located just 11 miles east of Center City, Philadelphia and is rooted in its access to the region’s highway network, quality schools and convenient access to amenities.
About Woodmont Properties
For 50 years, Woodmont Properties, based in Fairfield, N.J., has contributed to the region’s residential and commercial marketplace by developing residential communities, office buildings, retail centers and industrial properties in suburban communities, town centers and cities in New Jersey, New York and Pennsylvania. Woodmont Properties' success in developing both residential communities and commercial properties is derived from a unique blend of innovation, integrity, the selection of superior locations and quality .