Press Release brought to you by K. Hovnanian Homes

K. Hovnanian® to Open New Single-Family Home Community in Mercer County

10/21/2014

East Windsor Township, NJ, October 2014 – K. Hovnanian® Homes®, New Jersey’s largest homebuilder, has announced plans for the development of a new community of upscale single-family homes in Mercer County. Magnolia Ridge Estates, which is anticipated to open for sales this fall, will be an intimate community of only 22 homes, located near Old York Road in East Windsor Township.

At Magnolia Ridge, buyers will have a choice of spacious, contemporary-designed homes that feature up to 3,300 square feet of living space, with 4 bedrooms, 2½ to 3 baths, 2-car garages, and distinctive features and finishes.

Homebuyers familiar with East Windsor already know that the township provides an ideal Central New Jersey location, only ten miles from Princeton. Magnolia Ridge is convenient to Routes 130, 33, and the NJ Turnpike, facilitating easy travel throughout the state, as well as to New York City, Philadelphia and the Jersey shore. Commuters who prefer public transportation will appreciate direct NJ Transit train service from nearby Princeton Junction, which reaches Manhattan and Philadelphia in under an hour. Magnolia Ridge is also conveniently located near a Park and Ride, with both north and south access.

Families will find plenty of reasons to enjoy living at Magnolia Ridge Estates, beginning with the spacious size of the homes, allowing plenty of room for daily living and future growth. Outside of the neighborhood, but not far from home, Mercer County offers a variety of recreational activities. The county is home to many parks, paths and trails for hiking, biking, picnicking, or other outdoor fun, including Mercer County Central Park, Grant Park, Etra Park, Bear Brook Pathway, and scenic Peddie Lake. Golfers will enjoy a variety of courses in the area, such as Mercy Oaks and the Princeton County Club. And of course, the Jersey shore is just an easy drive from the new neighborhood. Central Jersey is also home to a number of world-class entertainment venues, including Princeton’s McCarter Theatre, the PNC Bank Arts Center in Holmdel, the Sun National Bank Center in Trenton, and Six Flags Great Adventure in nearby Jackson Township.

There is also plenty of great shopping and dining nearby, including the Mercer Mall, the Quakerbridge Mall, the Princeton Market Fair, and Freehold Raceway Mall. And just minutes from Magnolia Ridge Estates, downtown Princeton beckons, with its unique and eclectic mix of shops, boutiques, fine restaurants, and cafes on Nassau Street and in around Palmer Square. World-renowned Princeton University is also always hosting a variety of educational, cultural, musical and other entertainment events.

East Windsor Township is part of the East Windsor Regional School District, which features outstanding schools that focus on academic achievement, while also offering a wealth of sports programs, arts and cultural classes, and other extra-curricular activities. Magnolia Ridge is actually located right across the street from the award-winning Peddie School. Students continuing on to higher education will find Rutgers University, Mercer County College, Rider University, and the campus of Princeton University just a short drive away.

With only 22 homes available in this limited-edition new community, located in such a premier part of New Jersey, it’s expected that Magnolia Ridge Estates will sell quickly. Interested buyers are encouraged to register now for the Magnolia Ridge Interest List, to stay current on progress and happenings in the community and to be among the first to receive other significant news about 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/magnoliaridge.

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®, Parkwood Builders, Town & Country Homes and Oster Homes. 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 2013 annual report, can be accessed through the “Investor Relations” section of the Hovnanian Enterprises’ website at 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 www.khov.com.

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10/21/2014 - 12:55

Source

K. Hovnanian Homes

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