RANDOLPH, NJ – A new era in the continuing evolution of Gateways at Randolph apartment community is set to begin as Value Companies, Inc. readies to break ground on the final phases at the award-winning Morris County neighborhood.
When finished, the final phases will deliver 104 two-bedroom homes housed in four residential buildings and a 7,000 square foot clubhouse building with Leasing and Model Center merchandised by Lita Dirks & Co. The new buildings will be constructed in planned stages. The addition of the new apartments will bring the total number of homes at Gateways at Randolph to 1,003, making it one of the largest apartment complexes in New Jersey.
The expansion of Gateways at Randolph is indicative of Value Companies’ commitment to ensuring its rental properties remain state-of-the-art with cutting-edge homes and ongoing improvement programs that bring them on par with the many new construction apartment developments in the New York/New Jersey housing market.
“We’re upgrading a rental product built over 40 years ago and making it 21st Century quality by introducing over 100 units as modern as can be,” says Andrew Abramson, President and CEO of Value Companies. “Were also improving our resort-style amenity package and adding the kind of social and recreational elements today’s renter desires. These efforts will make Gateways at Randolph even more attractive by providing an ideal rental lifestyle inside and out.”
The newest homes at Gateways will provide oversized floorplans ranging from 981 to over 1,100 square-feet of upscale living space with eight of these new homes being 2-story 2-bedroom, 2 ½ bath townhomes with their own attached garage. The well-appointed, state-of-the-art interiors will include luxury plank vinyl hardwood style flooring, kitchens with stainless steel appliances and designer finishes, LED lighting, large master bedroom suites with walk-in closets and in-unit washer/dryer.
The new buildings have been designed with maintenance-free, eye-catching exteriors to complement and blend with the existing architectural landscape at Gateways at Randolph. Select buildings will provide elevators and parking garages.
The final phases will include the construction of new amenities to greatly improve the rental lifestyle at Gateways at Randolph. To be constructed adjacent to the current fitness center and pool, the new clubhouse will provide an outdoor patio/lounge area and new Leasing Center with three professionally-decorated models. Value also plans to relocate the playground near the new clubroom, establishing a central amenity hub for recreation and social interaction.
The existing apartment inventory at Gateways at Randolph consists of 903 homes in 54 buildings. The property features 18 separate courtyards. Managed, owned and developed by Value Companies, Gateways at Randolph has continuously maintained a high occupancy rate. The community is a distinctive, NJAA award-winner, combining Classical Greek, Colonial American, European and Western unique architectural styles with beautifully landscaped grounds to provide a superior living environment.
Value Companies has completed several renovation programs at the community over the past several years to renovate and upgrade the recreational amenities, common spaces, physical grounds and more. Improvements started with the introduction of a brand-new outdoor pool complex in 2012 which was upgraded to include a beach entry, elegant water features, as well as upgraded pavers and new outdoor furniture. The company also re-landscaped various courtyards. Value completed another phase in the renovation program in 2013 with the addition of a world class recreation center which includes a state-of-the-art fitness center, a playground, BBQ Area and picnic tables and volleyball court.
Located at 44 Center Grove Road, Gateways at Randolph is ideally situated within Morris County, close to shopping, Morris County Community College, dining and recreation. Nearby parks feature camping, boating and fishing.
For additional information on Gateways at Randolph, please call (973) 361-2466 or visit http://www.gatewaysatrandolph.com
About Value Companies
Value Companies, founded in 1952, is a leading real estate development, investment and management company. Across its development division, Value Companies has embarked in new apartment developments and investments in strategic suburban and urban locations throughout the country. Value’s development success is directly tied to its steadfast commitment and expertise in multifamily housing, and its ability to introduce new housing products that address consumer and community needs.
Value’s residential properties are built and managed by a highly-skilled, in-house management team of more than 80 industry professionals which oversee all aspects of Value’s communities, including construction, leasing, maintenance, property management and administration. Value’s third-party management business, Value Asset Management (VAM), provides full-service management capabilities and customized asset solutions to a growing list of third-party real estate investment and property owner clients. Value Companies has received numerous industry awards for its various properties as well as being a 4-time recipient of the New Jersey Apartment Association Management Company of the Year award.
For more information, please contact Andrew Abramson, President and CEO of Value Companies, at its corporate headquarters at 973-473-2800 or visit http://www.valuecompanies.com
Morristown FYI 