COLLINGSWOOD, N.J. On the heels of fully leasing the first phase of Collingswood’s only transit-oriented, luxury apartment community in just two months, Ingerman, a leading developer, manager and builder of multi-family apartment communities, announced today that it has commenced construction on phase two of The Collings at The LumberYard.
The second phase will add a five-story, mixed-use building featuring 70 luxury apartments, 12,000 square feet of ground-floor office space, 1,500 square feet of retail and the integration of numerous premium amenities for residents of both phases. The Collings’ first phase comprises 34 apartment homes, featuring a mix of one-, two-, and three-bedroom designs, including seven townhomes with private entrances.
“We are very happy to see the start of construction on the final phase of the project. The Borough will now be finally, and fully, realizing the long-term vision for the Lumberyard for decades to come,” stated Collingswood Mayor Jim Maley.
“We are excited to continue the momentum that ignited with the first phase, which is now 100 percent leased and welcoming residents,” said Brad Ingerman, President and CEO of Ingerman. “There is clearly pent up demand for upscale rental housing in Collingswood, and through our collaboration with Mayor Maley and all of the borough's officials and professionals we are able to deliver smart, modern and luxurious apartment homes to the community.
Beyond adding upscale, maintenance-free residences, phase two will also feature Ingerman's new corporate headquarters.
“The Collings continues to be a proud representation of our track record of success. We are fully committed to this community, as well as Collingswood, and testament to this is our choice to be a permanent neighbor as our headquarters will be located within phase two.”
Seventy luxury one- and two-bedroom apartment homes ranging from more than 800 square feet to almost 1,300 square feet will be available upon completion of phase two. The residences will be pet-friendly, and feature gourmet kitchens with granite countertops and full-size washers and dryers, as well as Energy Star appliances and generous closet space. As part of its ultimate lifestyle experience, The Collings affords residents access to multiple premium amenities, including an outdoor courtyard with grill, covered parking, common-area WiFi, community room and fitness center.
Leasing for phase two apartment homes at The Collings is planned to begin in early 2014. The Collings is located along Haddon Avenue, which was named one of the “Top 10 Great Streets in America” by the American Planning Association, and is surrounded by an eclectic variety of shops, as well as the borough’s highly acclaimed “Restaurant Row.” A complete lifestyle experience is further enhanced by the community’s strategic location just steps from the PATCO station, providing a 16-minute train ride into Philadelphia and easy access to New York City and Washington D.C.
Added Ingerman: “It is our belief that the second phase will lease just as quickly as the first phase because of the very reasons we chose Collingswood and this specific location for our corporate headquarters. The borough is truly a one-of-a-kind destination community that offers an exciting living experience accented with first-rate restaurants, shopping and nightlife, as well as mass transit that puts the region’s major urban centers within reach.”
For more than two decades, Ingerman has been developing, building and managing award-winning multi-family communities throughout the Mid-Atlantic region. Founded in 1988, the Company has developed 85 communities consisting of more than 6,700 residential units with total development costs approaching $1 billion
The Company’s seasoned team of real estate and construction professionals utilizes state-of-the-art architectural design, cutting-edge, environmentally conscious construction and an array of modern amenities in the development of each community. Through a commitment to responsible development practices, Ingerman works to enhance the sustainability of its communities with several green initiatives.