The Red Bank-based Kalian is calling its latest project CarriagePark. The company plans to initiate pre-development sales laterthis year for the combination of one- and two-bedroom units in 14different floor plans. The cost of developing the community has notbeen released. Initial occupancy is expected to occur in about ayear.

"We've been fortunate to obtain a spectacular site in a privatesetting close to a number of amenities for active adults," saysAlton Evans, vice president of sales and marketing for Kalian. Henotes that the property is located about six miles from DowntownPrinceton and less than five miles from the business district ofTrenton, the state capital.

On-site amenities will include a 6,200-sf clubhouse facility, afitness center and a variety of recreational features. The locationitself is within a community with a substantial number ofRevolutionary War-era homes.