(Read more on the multifamily market.)

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LITTLE SILVER, NJ-This week Kalian Cos. unveiled formal plansfor Carriage Park at Little Silver, a 39-unit, age-restrictedtownhouse development on 15 acres owned by this Monmouth Countytown. The plan calls for 32 market-rate for-sale townhouses andseven affordable units that would count toward the town's stateaffordable housing obligation.

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The units would be configured in four U-shaped buildings on thesite, located at Oceanport and Eastview avenues here. The buildingswould occupy about one-third of the site, according to architectRichard Arzberger, who unveiled the plans before the town'splanning board. Approximately two-thirds of the site, a combinationof woods and wetlands, would remain as open space.

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The buildings themselves have been designed to adhere to townstandards barring large, flat-sided building surfaces. To counterthat, the design includes such architectural features as baywindows and dormers. On-site parking includes a 24-space lot forthe affordable units and individual garages for the market-rateunits.

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Next up for the proposal for Kalian's application is a hearingslated for May 1.

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