1,400 Homes Are on the Way

All of a sudden, the tight residential market in New Jersey is getting a solid influx of new product. The latest addition to the list of projects on the boards or underway is US Home Corp.’s 1,400-home Greenbriar Oceanaire, an adult community proposed for nearly 900 acres at Waretown, NJ, in Ocean County. US Home’s New Jersey division headquarters is in Freehold.

The overall impact of the project is expected to be substantial. Besides raising the availability of housing in the market, the project, which will offer nine different models, is expected to bring an influx of as many as 4,000 new residents to what is already one of the fastest growing regions of the state. In particular, Monmouth and Ocean counties have become a hotbed of retirement housing activity.

The development also means that some big changes are in store for tiny Waretown. As US Home division president Don Bompensa explains, “this project will transform the Waretown area. It will add a new dimension to the local economy.”