Cornerstone at Barnegat, 9 South Main St., Barnegat, NJ

BARNEGAT, NJ—Walters Group says it has opened Cornerstone at Barnegat, an age (55 +) and income-restricted housing project providing 70 new energy-efficient units.

Walters Group completed the project less than a year after acquiring the property, says Joe DelDuca, a Walters Group partner. “That's an amazing feat and it's not just our accomplishment,” he says. “Building homes where people live is very important to us, and we take it seriously. It's more than a business for us; it's our passion.”

“I've known Walters for six years and they've done a pretty phenomenal job in this area,” says Anthony Marchetta, executive director of the New Jersey Housing and Mortgage Finance Agency. “You are fortunate to have them here. This is an excellent project.”

Located at 9 South Main Street, Cornerstone at Barnegat is a three-story building, comprised of one- and two-bedroom apartment units with balconies. Only 20 one-bedroom units are available with a maximum monthly rent of $927. The building is designed with the needs of seniors in mind, providing abundant amenities and activities. Amenities include large gathering areas, fitness center, conference room, computers, outdoor barbecue area, secured access, elevators, on-site management and maintenance.

“This is a beautiful place,” says Patty Damato, who recently moved into her one-bedroom apartment. “I was looking for an apartment, and when I saw this project being built, I applied right away. There's nothing like this in the area.”

Cornerstone at Barnegat was designed achieve LEED Gold certification.

“This translates into a building that is extremely energy efficient,” says DelDuca. “We've spent money behind the walls, in the systems of the building, to make sure it endures and sustains for a long period of time.”

In addition to being constructed with sustainable building methods and materials, the property includes highly insulated walls and ENERGY STAR appliances. The developer claims that the building's sustainability features will result in significant savings in energy consumption for residents.

During the first 90 days, priority for residency is given to qualified individuals who have been displaced by, or who experienced major or severe storm damage from Superstorm Sandy.

PHOTO (L-R): Joe DelDuca, partner, Walters Group; Committeeman Frank Caputo; Committeeman Alfonso Cirulli; Mayor John Novak, Deputy Mayor Albert Bille; Anthony Marchetta, NJHMFA Executive Director; and Ed Walters, Jr., founder and partner, Walters Group

BARNEGAT, NJ—Walters Group says it has opened Cornerstone at Barnegat, an age (55 +) and income-restricted housing project providing 70 new energy-efficient units.

Cornerstone at Barnegat was designed achieve LEED Gold certification.

During the first 90 days, priority for residency is given to qualified individuals who have been displaced by, or who experienced major or severe storm damage from Superstorm Sandy.

Instant Insights /

Walters Group Opens Cornerstone at Barnegat, NJ, Affordable Project for Seniors

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