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EATONTOWN, NJ-With work on phase one well under way, and 70% sold out, American Properties Realty Inc. has started construction for the second phase of its Mill Pond residential condo development in this Monmouth County community. The project will build out to a total of 118 two-bedroom units.

“The first phase is selling quickly, and we can only expect that the rest of the community will be just as hot a commodity,” says Paul Csik, SVP of sales and marketing for the Iselin, NJ-based APR. “There is no new construction in Monmouth County at this price point.”

Located near routes 18, 35 and 36 and the Garden State Parkway, Mill Pond is being developed by APR affiliate American Properties @ Eatontown LLC. Cost of the project hasn’t been released.

Mill Pond is also one of two condo developments APR is currently working on in Central New Jersey. The other is the 235-unit Jefferson in Ewing Twp., near Trenton.

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