Shovels are in the ground at 72 Eagle Rock Avenue in the Morris County Township of East Hanover where Kushner is developing a new 265-unit luxury apartment community.
Principals of Kushner joined municipal officials and business leaders for a special groundbreaking ceremony that included the initial demolition of a vacant office building on the site where the upscale residential offering will rise. The new community will feature a mix of one-to-three-bedroom residences housed in four separate four-story buildings. Residents will also enjoy a luxurious clubhouse facility with resort-like indoor and outdoor amenities.
Expected to be completed in the 1st quarter of 2025, the new development will provide 53 apartment homes dedicated to affordable housing.
“Today’s groundbreaking is an exciting milestone for our company and for the Township as we take the next step to develop the first luxury rental apartments ever to be constructed in East Hanover,” said Michael Sommer, Executive Vice President – Development and Construction at Kushner. “East Hanover is highly desired by residents who appreciate its small-town, suburban charm in the heart of Morris County. We look forward to adding a new, modern residential option that will appeal to both existing residents and those who will be attracted to this incredible location.”
The new project represents an ongoing trend of replacing former commercial properties with residential uses.
“I’m delighted to be here today as we witness a vacant outdated commercial site begin the transformation to modern, energy efficient multifamily housing which is in high demand,” said Morris County Commissioner Stephen H. Shaw. “The sharp rise in home prices and interest rates have bolstered the appeal of rental properties for everyone from young professionals to empty nesters while providing a well-balanced lifestyle through modern amenities and services.”
The resident experience will be further enhanced by a robust amenity offering. A striking clubhouse will serve as the social and recreational heart of the community with a modern fitness center including a studio for yoga and fitness on demand, a theatre room and residents-only clubroom. Today’s appetite for expanded work-from-home spaces will be satisfied with a conference room and co-working rooms. Outside, residents will enjoy an expansive sun deck and sparkling pool with pergolas, grilling stations, fire pits, a movie screen, ping-pong table and a walking path meandering around the scenic property. Other services will include TULU, an on-demand smart rental offering for high-quality household and lifestyle products.
The community’s location is minutes from Route 280, providing convenient access to employment centers in Newark, Parsippany and New York City. Historic Morristown is also just 8 miles away. Closer to home, East Hanover boasts a mix of local dining and shopping and larger nationally known retail brands.
Kushner is a multi-generational real estate development and management firm headquartered in New York City. The company’s diverse portfolio encompasses residential, commercial, retail and hospitality with approximately 10,000 apartments under development and over 25,000 apartments under ownership across fourteen states. Kushner’s integrated team touches upon every step of the development and management process at its properties, creating an unparalleled and seamless experience for its tenants, team members, and partners.