All-New Home Designs and Family-Friendly Policy Distinguish K. Hovnanian’s® New 55+ Community in Monroe
Monroe Township, NJ, May 2015 – K. Hovnanian® Homes®, New Jersey’s largest homebuilder and one of the nation’s largest builders of active-adult homes, has announced plans for the development of another new 55+ lifestyle community in the Garden State. K. Hovnanian’s® Four Seasons at Monroe will offer 55+ buyers a variety of single-family homes in one of Middlesex County’s most convenient locations, with a low-maintenance lifestyle and a variety of resort-like amenities. The new community, which is scheduled to open for sales this spring, will be located on Cranbury Half Acre Road in Monroe Township.
In addition to offering a desirable central New Jersey location and the unique “resort-at-home” lifestyle for which K. Hovnanian’s® Four Seasons’ communities are renowned, this latest 55+ community from K. Hovnanian® will be further distinguished in a few significant ways. First,
K. Hovnanian’s® Four Seasons at Monroe will feature a completely new selection of single-family home designs – the first time, in fact, that any of these floorplans have been offered at a community in New Jersey. The floorplans are more current and offer the open-concept design that is so popular among buyers today.
Another distinguishing feature of K. Hovnanian’s® Four Seasons at Monroe is the community’s lack of restrictions on adult (18+) children living at home with their parents. This “family-friendly” policy is unique among active-adult communities in the area, which typically require any and everyone living in the neighborhood to be aged 55 or over. K. Hovnanian’s® policy is reflective of today’s “boomerang generation,” with more and more adult children returning home to live with parents after briefly living on their own, either temporarily or for an indefinite period of time.
At K. Hovnanian’s® Four Seasons at Monroe, homeowners will also enjoy a variety of recreational and social opportunities to provide a true “resort-at-home” lifestyle. The community will feature an impressive clubhouse featuring nearly 5,000 square feet of amenities including an indoor pool, a kiddie pool, bocce courts, tennis courts, pickle ball courts, and a gazebo. Homeowners will also be able to participate in a number of clubs and social activities.
One of the best amenities of K. Hovnanian’s® Four Seasons at Monroe is undoubtedly the community’s location. Homeowners will enjoy easy access to major roadways such as the NJ Turnpike, as well as Routes 1, 18, 33 and 130. Eminently commutable to New York City, with a nearby Park-and-Ride and an NJ Transit station at Princeton Junction, Monroe Township is an ideal place to call home. The township offers many local amenities and attractions, including 18 beautiful county parks, a variety of golf courses, as well as many major shopping centers and fine restaurants. The Jersey shore is only a 20-minute drive to the east, and Princeton is just a short drive away, offering plenty of dining, educational, entertainment and cultural options.
K. Hovnanian’s® Four Seasons at Monroe has already started to accumulate a growing list of interested buyers and the builder anticipates that the new active-adult community will sell very quickly. Interested buyers are encouraged to register now for the community’s Interest List, to stay current on progress and happenings at this exciting new neighborhood. For more information and to register for the Interest List, call 1-888-KHOV-HOME. You may also learn more about the new community online at www.khov.com/Monroe.
ABOUT HOVNANIAN ENTERPRISES®, INC.:
Hovnanian Enterprises, Inc., founded in 1959 by Kevork S. Hovnanian, is headquartered in Red Bank, New Jersey. The Company is one of the nation’s largest homebuilders with operations in Arizona, California, Delaware, Florida, Georgia, Illinois, Maryland, Minnesota, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Texas, Virginia, Washington, D.C. and West Virginia. The Company’s homes are marketed and sold under the trade names K. Hovnanian® Homes®, Brighton Homes® and Parkwood Builders. As the developer of K. Hovnanian’s® Four Seasons communities, the Company is also one of the nation’s largest builders of active adult homes.
Additional information on Hovnanian Enterprises, Inc., including a summary investment profile and the Company’s 2014 annual report, can be accessed through the “Investor Relations” section of the Hovnanian Enterprises’ website at http://www.khov.com. To be added to Hovnanian's investor e-mail or fax lists, please send an e-mail to IR@khov.com or sign up at http://www.khov.com.