Press Release brought to you by K. Hovnanian Homes

Final Building Underway at K. Hovnanian’s® Four Seasons at Great Notch

05/18/2016

Clifton/Woodland Park, NJ, May 2016: Construction is underway and advancing rapidly on the final building at K. Hovnanian’s®Four Seasons at Great Notch Spa and Club, one of North Jersey’s most successful active-lifestyle communities. The remaining homes in the last building are expected to sell quickly at this popular community, which opened in 2006 and is now 95% sold.

Set in a picturesque mountain rock quarry and surrounded by majestic cliffs, with spectacular views of the New York City skyline, K. Hovnanian’s® Four Seasons at Great Notch offers an appealing combination of beautifully designed homes in a tranquil setting, with resort-style amenities, and a highly convenient location only 15 miles from Midtown Manhattan.

The remaining homes in the community are luxurious garden-style designs, with a choice of three single-level floorplans that offer from 1,426 to 1,765 square feet of beautiful, open living space, including two bedrooms and two baths. Homes are priced from the upper-$300s (subject to change). All homes within the community are subject to an age-restriction whereby the homes are restricted to use. For occupancy of the homes in Clifton at least one person must be age 55 years or over. For occupancy of the homes in Woodland Park, up to 15% of the homes can be occupied where at least one person is age 50 or over. The remaining homes must have one person age 55 or over. There may be no permanent resident being under the age of 19 in the community.

Homeowners at K. Hovnanian’s® Four Seasons at Great Notch enjoy a variety of recreational amenities and social opportunities that are simply unsurpassed in the area. The community’s magnificent 25,000 square-foot clubhouse includes both indoor and outdoor pools, tennis and bocce courts, a putting green, billiards, card and craft rooms, and a fitness center. Residents can also participate in a variety of clubs, activities, and events every week, with a very diverse social calendar planned year ‘round.

No doubt one of the community’s finest amenities is its location and proximity to New York City. Privately tucked away and nicely removed from all the hustle and bustle of everyday life, K. Hovnanian’s® Four Seasons at Great Notch is still within easy reach of major highways, such as Routes 3 and 46, Interstate 80, the Garden State Parkway and the New Jersey Turnpike. There is also a bus stop right at the entrance of the community, providing direct access to Port Authority.

Visit K. Hovnanian’s® Four Seasons at Great Notch Spa and Club this spring to see why more and more buyers from the tri-state area are making the move to this one-of-a-kind 55+ community. Take a tour of the beautifully decorated model homes and the spectacular clubhouse – and learn more about final opportunities in the community, before it is completely sold out. The sales center and model homes are open daily from 10:00 a.m.–6:00 p.m. For directions or more information, call (888) 354-1044, or visit khov.com/GreatNotch.

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 lifestyle communities.

Additional information on Hovnanian Enterprises, Inc., including a summary investment profile and the Company’s 2015 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.

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Source

K. Hovnanian Homes

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