AvalonBay breaks ground in Lawrenceville.Mayor Gregory J. Puliti (D) and other state and municipal luminaries helped developer AvalonBay Communities AvalonBay Communities, Inc. (NYSE: AVB) is an Alexandria, Virginia-based public real estate investment trust. The company specializes in acquiring, developing, redeveloping and managing high-quality apartment communities in high barrier-to-entry markets, such as the Northeast, , Inc. break ground last week for Avalon Avalon (ăv`əlŏn), in Celtic mythology, the blissful otherworld of the dead. In medieval romance it was the island to which the mortally wounded King Arthur was taken, and from which it was expected he would someday return. Run East II, a new luxury rental community of 312 market-rate apartment homes which will rise in the Mercer County Mercer County is the name of several counties in the United States:
The community will feature a mix of town home designs and stacked Stacked is an American television sitcom that premiered on Fox on April 13, 2005. On May 18, 2006, Stacked was cancelled, leaving five episodes unaired in the United States. The last episode aired on January 11, 2006. , garden-style flats with breeze-ways located within 16 buildings. The community will also offer a 6,800 SF clubhouse and surface and individual garage parking totaling 684 spaces. More than 70% of the 69-acre site will remain as open space. "We're extremely pleased to launch this new development alongside the many officials whose hard work, visions and ideas made it possible," said Lara Schwager, AvalonBay's Development Director. "Our company strives to meet the growing demand for luxury rental living near centers of employment, shopping, transportation, and entertainment. We believe this new community will go a long way to meeting that demand, and will be an exceptional addition to this town and one that all of Lawrenceville will be proud of." Avalon Run East II is the third community AvalonBay has developed in Lawrenceville, following its successful lease-ups of Avalon Run and Avalon Run East I, which total some 632 apartment homes. The new community will feature 11 distinctive floorplans, including one, two and three-bedroom flats, and two-and three-bedroom town home designs. Found throughout some of the homes are direct access to garages, lofts, bay windows, fireplaces and vaulted ceilings. Forty-eight detached de·tached adj. 1. Separated; disconnected. 2. Standing apart from others; separate. garages will also be located throughout the site. The community's clubhouse, which will be shared by residents of the Avalon Run East I community, will offer a clubroom club·room n. A room used for meetings or activities of a club. Noun 1. clubroom - a room used for the activities of a club with a fireplace fireplace Opening made in the base of a chimney to hold an open fire. The opening is framed, usually ornamentally, by a mantel (or mantelpiece). A medieval development that replaced the open central hearth for heating and cooking, the fireplace was sometimes large enough to and kitchen, a state-of-the-art fitness center, a half-court basketball court and a children's play room. The rental program is expected to commence in the winter of 2003. Initial occupancy is expected in the spring of 2004. Alexandria, VA-based AvalonBay Communities, Inc. has a regional office in Woodbridge, N.J. and has built a New Jersey portfolio of more than 3,200 apartments to date. AvalonBay's strategy is to focus on high barrier-to-entry markets in suburban and urban locales. |
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