Larken Associates, a regional leader in commercial and residential real estate building, development and management, announces that The Reserve at Crosswicks, a luxury multifamily development, located at 8000 Bowery Lane in Bordentown, N.J. is 75 percent leased. Scheduled for a summer 2022 opening, the project will bring 272 market-rate and affordable units paired with a resort-style amenity package to one of Burlington County’s most exciting communities.
Once completed, The Reserve at Crosswicks will feature three four-story buildings consisting of one and two-bedroom elevatored apartments and four three-story buildings comprised of one and two-bedroom garden villas. Designed to provide residents with an unmatched luxury living experience, each unit will feature gourmet kitchens, in-unit laundry, luxury vinyl plank flooring, quartz kitchen and bathroom countertops, and stainless-steel appliances. For additional storage and added convenience, the development will also include nine buildings around the perimeter of the community housing private garages.
Additionally, The Reserve at Crosswicks will also include a wide variety of indoor and outdoor amenity options. The community’s clubhouse will feature Wi-Fi-enabled community workstations, game room, lounge, pet salon, fully equipped fitness center and a secure mailroom with a package concierge. Further enhancing the robust amenity package will be the community’s variety of outdoor amenities including a playground, dog park and an outdoor heated pool and spa.
“Bordentown is quickly emerging as a go-to destination for residents and businesses alike,” said David Gardner, President and CEO of Larken Associates. “We are excited to bring this unique community to completion in the coming months and enable all of our new residents to experience what makes Bordentown such a special place to live, work and play.”
The Reserve at Crosswicks is the latest property to join the firm’s rapidly growing Larken Living portfolio. Comprised of 23 unique communities made up of approximately 2,643 owned and managed residential units across the northeast, the Larken Living portfolio defines excellence in residential real estate development and management. Currently, Larken Associates has nearly 2,000 multifamily units in the development pipeline including The Ridge at Readington, a 254-unit community in Readington, N.J. that is scheduled for completion later this year. Last year, Larken Living also celebrated the completion of Autumn Ridge, a 198-unit multifamily community in Lopatcong, N.J. and Hillsborough Village Center, a 191-unit mixed-use community in Hillsborough, N.J. The company also recently completed capital improvements at The Reserve at Copper Chase, a 132-unit multifamily property in York, Pa., as well as an expansion to the property with the construction of The Oaks at Copper Chase, a 107-unit luxury multifamily community. The company is also executing capital improvements at The View at Mackenzi, a 224-unit apartment community in York, Pa., and The Reserve at Wyomissing, a 102-unit multifamily community in Reading, Pa.
To learn more about leasing opportunities, please contact the Larken Living team (833) 513-8953 or [email protected]. More information about the community can also be found at https://reserveatcrosswicks.com/.
Walker & Dunlop Investment Partners, Inc. (WDIP), Walker & Dunlop, Inc.’s wholly owned alternative investment manager focused on middle-market commercial real estate investments, today announced it made 31 individual middle-market investments in 2021, spanning multifamily, industrial, retail and office, and totalling $480 million.
“The WDIP team was able to face the continued challenges and market dislocations caused by the COVID-19 pandemic head on,” said Marcus Duley, Chief Investment Officer at WDIP. “In fact, 2021 was a record-breaking year for our firm. We stuck to our middle-market investment thesis and the methodologies of our platform, focused on minimizing downside risk, while leveraging the new economic tailwinds enjoyed by certain asset classes, specifically multifamily and industrial. Our strategy for 2022 remains unchanged, and we plan to continue serving investors’ needs in the middle market.”
In addition, the company added investment vehicles for investors interested in core, value-add, and opportunistic equity, as well as senior and transitional debt.
WDIP expects to close on over 50 individual investments totaling over $900 million in 2022. This projected 2022 pipeline represents a 61 percent increase year-over-year in terms of individual transaction volume, and an 88 percent increase in terms of total dollar volume.
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