Walters Group Breaks Ground on Stafford Preserve

Eco-friendly Apartment Community to offer 216 Luxury Units in Manahawkin. End Quote

Ocean City, NJ (1888PressRelease) June 25, 2011 - The Walters Group, developer of Stafford Park, has broken ground on Stafford Preserve, a luxury rental community, consisting of 18 three-story buildings, totaling 216 units. The new community will feature green design and environmentally conscious construction. The project will begin occupancy in April 2012.

Stafford Preserve will combine new designs, conveniences and amenities to create luxurious apartment living at the Jersey Shore. The energy-efficient complex will provide one- and two-bedroom garden-style apartments as well as two-bedroom townhouses, with rents starting at $1,195. Each spacious apartment will include a washer and dryer, fully equipped kitchen, window coverings and ceiling fans in the master bedroom. Some units will have lofts. The property will also offer a limited number of handicapped units. Services and facilities onsite will include a community clubhouse with state-of-the-art fitness center, resort-style pool, children's playroom, tot-lot playground, tennis and basketball courts, picnic pavilion, and barbeque area. Additionally, six parking garages per building with direct access to the buildings will be offered to residents with the option to rent extra parking spaces.

"It's going to be an upscale, walkable community designed to foster interaction and create a real sense of place for residents," said Ed Walters, Jr., partner and founder.

Stafford Preserve combines an ideal location with luxury, affordability and environmental awareness, according to Walters. All of the buildings within the eco-friendly Stafford Park redevelopment are being built using green building methods and materials. Consequently, Stafford Preserve is designed to meet both Silver LEED (Leadership in Energy and Environmental Design) and Energy Star certification.

Stafford Preserve's high-quality exteriors are designed to blend into a 28-acre wooded environment. The new neighborhood will offer access to a two-mile walking path and will be surrounded by 17,000 acres of permanently protected state forest that is documented as an existing and suitable wildlife habitat.

Also within walking distance is Stafford Park shopping center, which is home to a variety of retailers, including Target, Costco, Best Buy, Dick's Sporting Goods, PetSmart, Ulta, AT&T, Vitamin Shoppe, and Olive Garden. Public transportation is available via Ocean Ride, a county transit system that includes Reserve-A-Ride and local bus routes. In addition, the Garden State Parkway and Route 9 corridor pass through the township and provide access to Route 72.

The residential community is part of the Stafford Park redevelopment, located just off Exit 63 of the Garden State Parkway, on Stafford Park Blvd. in Manahawkin.

The Walters Group is planning the grand opening of Stafford Preserve in September 2011. VIP pre-leasing is currently underway. Applications will be accepted at the temporary leasing center located onsite, beginning August 1st. For more information, visit www.spreserve.com or call (609) 978-8005.

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