approvals

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The project, on Rose Hill Road between Barnegat Ave. and Route 9in this Ocean County community, will total 258 units at build-out.The initial phase includes all 107 townhouses slated for theproject, and the subsequent phases will add 52 rental apartmentsand 99 single-family homes. The 52 rental apartments will beaffordable housing units that will help the town meet itsstate-mandated affordable housing goal.

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And a number of the townhouse units were sold duringpreconstruction, Walters marketing and sales manager PamelaSchuster tells GlobeSt.com. "This will be a beautiful, well-plannedcommunity," she says. "We're very encouraged by the good amount oftraffic we're getting."

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And Walters Homes is developing Whispering Hills with SilverLEED certification for the entire community as a goal."LEED-certified townhomes offer residents a healthier and a saferliving environment," Edward Walters Jr., president of the WaltersGroup, tells GlobeSt.com. His company, in general, has adopted agreen agenda for its mixed-use, multifamily and single-familyprojects.

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"We think there are a lot of environmentally conscious buyerswho will come to this project because of that," he says. And inresponse to the current state of the housing market, Walters isalso offering buyers what it terms a "lowest price guarantee" onthe base price of each new townhome. The company will adjust itssales contract if the base price for one of its townhousesdecreases from the time a buyer signs an agreement to the day ofclosing.

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"It's intended to help them protect the value of theirinvestment," Walters says, "and to ease their concerns about thefluctuating prices in the current housing market."

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