Rahway, NJ, January 28, 2008: An extraordinary new home-buying opportunity is emerging in New Jersey’s next great Transit Village. The Savoy at Rahway from Maplewood Homebuilders will feature 36 luxurious condominium homes, priced from just $315,000. Ideally located on Main Street in the heart of Rahway’s Gas Lamp Quarter, just one block from the Rahway Commuter Rail Station, The Savoy at Rahway is a commuter’s dream – only 31 minutes from Manhattan on NJ Transit!
The Savoy at Rahway is also a dream-come-true for first-time buyers, as low pricing, historically low interest rates, and an exceptional new Wells Fargo mortgage program for qualified buyers combine to make this a rare and unprecedented opportunity. With just 5% down, qualified buyers can own a home instead of renting, for a low monthly payment of only $1,770!*
The Savoy, which will open in mid-February, offers the kind of sophisticated style and urban lifestyle you would expect to find in Hoboken or Jersey City, but for much less. As Rahway undergoes major revitalization, this is the time to get in on the ground level and realize maximum savings. Flush with award-winning restaurants, theater and concert venues, as well as vintage boutiques and eclectic shops, Rahway has been tagged as “the next Hoboken.” Residents of the Savoy will never be at a loss for things to do or places to go, with the nearby Union County Arts Center and New Jersey Performance Arts Center offering a wide range of programs, from plays and classic films to opera and holiday celebrations. The Rahway Recreation Center hosts numerous sporting events and activities for every interest. And just a short drive or easy train ride away are the thrilling beaches of the Jersey Shore, for summer days when you’d rather relax in the sun.
But you may not want to be away from home for too long once you see the chic condominium homes offered at The Savoy, sure to be the envy of the neighborhood. Homebuyers can choose from 8 exquisite designs, each with 2 bedrooms and 2 baths and offering up to 2,000 square feet of living space. Spacious living and dining rooms create a comfortable yet elegant environment for entertaining. Each home design includes a sumptuous master bedroom, gourmet kitchen and full line of upscale amenities. And residents will enjoy covered parking under the building, which provides convenience and protects cars from the elements all-year-round.
Maplewood Homebuilders entered the New Jersey market in 2007 with a portfolio of ten premier residential communities throughout the central and southern region of the state.
Maplewood is the residential arm of P & F Management, a real estate investment and development company specializing in the acquisition and repositioning of residential and commercial properties in New Jersey and the metropolitan New York area.
Under the Maplewood City Living name, the company is currently developing innovative residential communities in urban centers such as Rahway, Paterson and Plainfield. In addition to The Savoy at Rahway, the company has also received approval to develop The Lofts at Rahway Station, a 4-story building featuring 3 floors of upscale residential space and a ground level of nearly 7,000 square feet of retail space. Similar communities are in development in Paterson and Plainfield. Also in Paterson, Maplewood has acquired vacant property on Ellison Street, which will be developed to include professional and retail space, along with a computer resource center for city residents. The company continues to actively explore other future growth opportunities.
The Savoy at Rahway is scheduled to open in mid-February. Interested buyers are encouraged to sign up now for the VIP List, to be among the first to receive new information and offers from this exciting community. To sign up, or for more information on The Savoy at Rahway and this exceptional mortgage program, call 908-206-3670; or visit www.HomesbyMaplewood.com.
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