Oct. 29, 2009
For Immediate Release: Oct. 29, 2009
Contact: Doug Fenichel, APR Kent Ashworth Lisa Ryan
K Hovnanian Homes City of Trenton State of New Jersey
(732) 623-6979 (609) 989-3828 (609) 292-6055
Cell: (973) 769-0688 Cell: (609) 712-2534
K. HOVNANIAN BREAKS GROUND ON 84 HOMES
IN TRENTON’ SOUTH WARD
Offering Includes Market-Rate Homes, Affordable Housing and Homes Eligible for
TRENTON, N.J. –K. Hovnanian Homes, New Jersey’ largest homebuilder,
today broke ground on The Villages at Delaware Run, a community of 84 townhomes in
Trenton’ South Ward.
With Trenton Mayor Douglas H. Palmer and Marge Della Vecchia, executive
director of the New Jersey Housing, Mortgage and Finance Agency wielding shovels
next to him, Barry McCarron, division president of K. Hovnanian Homes declared the
newest neighborhood under way, saying it will bring new homes for a variety of people
to the South Ward, as well as jobs and customers for area shops.
“This has been a long time coming, but the wait is over,”said McCarron. “These
will be beautiful new energy-efficient homes that people can afford and that allow people
to live close to where they work. This will be a community our neighbors here in South
Trenton will be proud of.”
McCarron praised the City of Trenton and the HMFA for their assistance with the
project. The community was made possible, he said, because of the cooperation between
the three organizations.
“ don’ have to tell anybody here that these are challenging times for
homebuilders,”he said. “ ve been working with the City for almost five years to make
this happen. Mayor Palmer was determined to see quality housing here and we appreciate
his belief that K. Hovnanian was the right company to do it.
“ also appreciate the encouragement and assistance that we received from
HMFA Executive Director Della Vecchia and her staff,”McCarron added. “They brought
us opportunities to make the Villages at Delaware Run even more affordable. We are
planning on starting the pricing for these homes in the mid $100s.”
“ s The
This is an historic project in many ways,”said Trenton’ Palmer. “ site was
home to the historic Delaware Inn, which is to be renovated as a community center, and
is right across the street from the history trail that highlights Trenton’ significant past for
visitors to South Riverwalk Park. The production of another 84 homes also is a history-
making event, because we are witnessing the continuing momentum toward Smart
Growth revitalization in Trenton –even in the midst of a very tough economy. It’ a
The Villages at Delaware Run is K. Hovnanian’ latest community redevelopment
project done in partnership with city government. The company has built successful
communities in Newark, Jersey City, Atlantic City, Clifton and other places. This
community, however, is the first time the company is partnering with HMFA.
“ ve been working with cities since the 1980s,”said McCarron. “Adding the
state to the mix is long overdue and we’ very excited about it.”
McCarron said K. Hovnanian also was partnering with the DR Mon Group, a
company that specializes in building affordable housing.
There’ a lot we can learn from each other,”said McCarron.
McCarron said The Villages at Delaware Run will create about 100 on-site jobs
over the course of construction, as well as another 100 off site. He said homebuilding has
a tremendous ripple effect on the economy.
“ only will we have people working on the site who need equipment, tools,
meals and other things,”said McCarron, “ families moving into newly built homes
tend to spend more on decorating their homes than those doing renovations.”
McCarron said demolition will begin in the next 30 days as the site is prepared for
construction. The first building, which will start in about 60 days, will be next to the
intersection of Lamberton and Lalor streets. A pocket park also is slated for that corner.
The homes were designed with Trenton’ traditional brownstones in mind.
“Mark Toconita, our architect, grew up in this type of neighborhood,”McCarron
said. “ remembers it as a place where people sat on their stoops, talked to each other
and walked to each other’ homes. We wanted it to be true to the historic architecture of
the Trenton-Philadelphia area, provide good traffic flow through the community and
create a traditional feeling with state-of-the-art construction.”
Sales, he said, will begin in January. Those interested in purchasing a townhome
can get information and join the company’ Internet list by going to
www.khov.com/delawarerun. Meanwhile, he said, K. Hovnanian would be holding
meetings with neighbors and the community to discuss construction details and how to
apply for special programs through HMFA and the Council On Affordable Housing.
The community will offer several townhome designs from 1,050 square feet to
almost 1,900 square feet, featuring two or three bedrooms, 2½ baths and rear-entry
garages. Each home will be certified independently as complying with New Jersey
ENERGY STAR standards.
“This location is ideal for those who work in or near Trenton,”McCarron said.
With major roads nearby and the train station less than a mile away, it’ also a great
place for those who need to commute. We’ very optimistic about its success.”
K. Hovnanian Homes is the largest homebuilder in New Jersey and sixth largest
homebuilder in the nation. Founded in 1959 by Kevork S. Hovnanian, the company sells
homes in 18 states and the District of Columbia. The parent company, Hovnanian
Enterprises, Inc., is headquartered in Red Bank, N.J., and delivered 11,281 homes during
Fiscal 2008 under several names. Of those, 1,412 were delivered in New Jersey, New
York and Pennsylvania. Additional homes in those states were sold through joint
ventures. The company reported $3.3 billion in total revenues in Fiscal 2008. K.
Hovnanian builds planned communities that include single-family, townhomes and
garden homes. In addition, it constructs homes in mid-rise, high-rise and mixed-use
buildings. The company also is well known for its active-adult homes, branded as K.
Hovnanian’ Four Seasons, and its expertise in community redevelopment and
environment rehabilitation. More information is available at www.khov.com or at 888-