Strong Interest for New Monmouth 55+ Community as Builder Prepares for Fall Model Opening
Howell Township, NJ, August 2015 – Since announcing plans this past spring for the development of a new 55+-lifestyle community in Howell Township, K. Hovnanian® Homes® has seen a surge of response from interested buyers. To date, the builder has developed an interest list of nearly 800 registered prospective buyers. In late May, over 150 interested buyers attended a pre-market event held by K. Hovnanian® to learn more about the new community. All of this activity and interest occurred before the builder even had a model home or on-site sales presence, indicating a real demand for this type of community in Monmouth County. The community’s first three models are anticipated to open this fall (subject to change).
K. Hovnanian’s®Four Seasons at Monmouth Woods will offer a variety of attractive single-family homes for adults 55+, along with a low-maintenance lifestyle and a wealth of resort-like amenities. The new community is located just off of Route 9, at 1231 West Farm Road in Howell Township. Buyers will have an impressive choice of 12 different floorplans, including four loft-style and eight ranch-style single-family homes. Homes will feature up to 3,664 square feet of living space, with two or three bedrooms. The selection of home designs will include some brand-new floorplans previously unavailable at any of K. Hovnanian’s® Four Seasons communities in New Jersey.
At K. Hovnanian’s® Four Seasons at Monmouth Woods, homeowners will enjoy a variety of recreational and social opportunities. The community will feature a 6,900-square-foot clubhouse with an outdoor pool, a kiddie pool for the grandchildren, a putting green, tennis courts, pickle ball, bocce ball courts and more. Homeowners will also be able to participate in a number of clubs, social activities and events.
The location is no doubt proving to be one of the key benefits of K. Hovnanian’s® Four Seasons at Monmouth Woods. The new community will offer easy access to Routes 9, 33 and I-195, as well as the New Jersey Turnpike and Garden State Parkway. Homeowners will enjoy the convenience of a nearby NJ Transit Park and Ride Howell bus terminal, with direct service into New York City.
The surrounding area also offers a wealth of shopping, dining and entertainment options. New Jersey’s second largest mall, Freehold Raceway Mall, is nearby, with over 225 retailers. Bargain shoppers will appreciate being close to premier outlet centers at the Jersey Shore and Jackson Premium Outlets. Route 9 is also home to many major retail chains, just a short drive away. Nature lovers and outdoor enthusiasts will appreciate being so close to the Manasquan Reservoir County Park, and several other local parks. There are plenty of great golf courses in the area and the Jersey Shore is less than a half hour away. Plus, grandchildren will love visiting local amusement parks or catching a nearby minor league baseball game.
Construction is moving along rapidly on the first three model homes at K. Hovnanian’s® Four Seasons at Monmouth Woods, with a Model Grand Opening slated for the fall (dates subject to change). Interested buyers are encouraged to register now for the Interest List, to stay current on progress, opportunities and happenings at this exciting new active-adult neighborhood. For more information and to register for the Interest List, call 1-888-422-9488. You may also learn more about the new community online at www.khov.com/MonmouthWoods.
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.