Press Release brought to you by The M at Englewood South

Hundreds Flock to The M at Englewood For Grand Opening Celebration

03/15/2012

Hundreds Flock to The M at Englewood For Grand Opening Celebration

                                                                                                                                                               

Eager Prospective Buyers Visit Premier Condominium Community from Pinnacle Companies 

ENGLEWOOD, N.J. (March 15, 2012) —If the turnout for a recent grand opening celebration at The M at Englewood South is any kind of indicator, the market for condominiums in Northern New Jersey is heating up fast. The Pinnacle Companies, a respected developer of luxury homes throughout the New York Metro Area, announced today that the grand opening of the new community of elegant condominiums in the heart of Bergen County attracted an enthusiastic crowd of prospective buyers.

“We were extremely pleased that hundreds of prospective buyers came out to view the completed building and responded so favorably at the grand opening of The M,” said Mary Boorman, senior vice president of The Pinnacle Companies. “The community appeals to diverse visitors ranging from singles and families to empty nesters. With people coming from Bergen and surrounding counties as well as from New York City and other states, it’s obvious that this community is fulfilling a niche for the buying public.”

The M, which presents sophisticated urban living on Route 4 — close to the George Washington Bridge and within 12 miles of Midtown Manhattan — offers 125 one-, two- and two-bedroom plus den residencespriced from $274,990.

The M’s architectural style is sleek and urban, featuring modern kitchens with maple cabinetry, under-counter lighting, granite countertops, GE Profile stainless steel appliances, and many of the two-bedroom models have center islands. Laundry areas are spacious and include GE side-by-side washers and dryers. The spacious layouts feature nine-foot ceilings (10 feet on the first floor) and entire walls of windows, and many of the homes have either views of the golf course or the central courtyards.

Additional features include elegant en-suite master bathrooms with granite countertops and double sink vanities, oak hardwood flooring in the living area, ceramic tile flooring in the entry hall and kitchen, and plush carpeting in the bedrooms. A powder room is included in almost all of the homes. One garage space is included in the price and shuttle service to New Jersey Transit bus stop is also provided.

Additionally, Pinnacle has two innovative lease-to-purchase options that allow renters to place a portion of their monthly payment into as escrow account to eventually be applied toward the sales price.

The “License to Occupy” option requires pre-approved, potential homeowners to sign a contract for six months to a year as well as an occupancy agreement for the same time period. Pinnacle saves approximately 50 percent of their rent in an escrow account toward the down payment. A small down payment ranging from $5,000 to $10,000 is required to start the program. The potential homeowner must close within a year of signing.

With the “Lease Now, Buy Later” option, pre-approved, potential homebuyers sign a condominium lease and, at the end of a one-year term, are offered the home at a price guaranteed at the time the lease is signed. Pinnacle then gives them approximately 25 percent of their lease payments back toward the down payment.

“Visitors at the grand opening expressed interest in both our for-sale and our lease-to-own programs,” Boorman added. “It was clear to us that the recent favorable economic news has signaled a bottoming out of the market. We believe that many people are looking to buy before interest rates and eventually prices go up. Those interested in The M at Englewood South need to act soon to take advantage of the current economic climate.”

Amenities at The M at Englewood South include an outdoor pool and a residents’ lounge perfect for large parties and entertaining. Buyers will also receive a year’s membership at The Gym Englewood, 20 Nordhoff Place, the area’s most upscale fitness center. Maintenance also includes satellite TV and Internet service, and the community will be offering attractive audio/video packages as upgrades.

The pedestrian-friendly main streets of Englewood and nearby Ridgewood and Teaneck are perfect for leisurely strolls and window shopping as they offer both high-end designer and eclectic shopping venues as well as fine dining and café-style eateries. The Bergen Performing Arts Center in downtown Englewood provides shows year-round featuring top-name talent.

For the active lifestyle lover, there are a host of parks and recreation facilities including the 150-acres Flatrock Brook Nature Center, Overpeck County Park and Golf Course and the Tenafly Nature Centers.

The Pinnacle Companies’ commitment to excellence can also be viewed at the acclaimed Mandalay on the Hudson condominiums on the Jersey City waterfront, Longview at Montville, Bears Nest in Park Ridge and Maxwell Place on the Hudson in Hoboken, which is a joint venture with Toll Brothers.

For more information on The M at Englewood South or Pinnacle Communities, visit www.liveattheM.comor call 201-569-6393. The sales office is open Friday through Monday from 11 a.m. to 6 p.m., and on Thursday from noon to 8 p.m.

About The Pinnacle Companies

The Pinnacle Companies, which includes Pinnacle Communities, Pinnacle Custom and Pinnacle Downtown, is among the most respected real estate development and investment companies in the industry for their ability to anticipate trends in the changing real estate market and create “what’s next” in luxury residential communities. Pinnacle’s innovative approach to development and creative problem-solving abilities are qualities that continually position Pinnacle as an industry leader in the real estate market. In 2006, The Pinnacle Companies was featured on an episode of “Extreme Makeover: Home Edition” for ABC television in the town of Bergenfield.

The award-winning company has built an enviable reputation in the sale and rental of luxury, active-adult and custom housing, as well as the office, retail and mixed-use markets. Since the company’s founding in 1984, Pinnacle has built in excess of 5,000 luxury attached and detached homes as well as several million square feet of retail, hotel and restaurant space. For more information on Pinnacle, www.pinnaclecompanies.net/orcontact the company’s Montclair headquarters at 973-379-1900.

 

 

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03/15/2012 - 08:20

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The M at Englewood South

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