Pre-Leasing Off to a Strong Start at Phase II of The Collings at the LumberYard

Collingswood, N.J. (September 22, 2014) -- Ingerman, a leading developer, manager and builder of multi-family apartment communities, today announced a flurry of pre-leasing activity at The Collings North, the second and final phase of The Collings at the Lumberyard in downtown Collingswood, N.J. In just five weeks, Ingerman has received applications for more than 40 percent of The Collings North’s 70 premier luxury rental residences.

The strong demand for the newest residences at The Collings at the LumberYard is a continuation of Ingerman’s resounding success with Phase I of the community, which leased out in just two months. A number of factors have contributed to the community outperforming the market. These include a central location in Collingswood’s downtown business district, near mass transit and a plethora of restaurants and shops, as well as the incorporation of numerous desirable lifestyle amenities exclusively available for residents.

“Ingerman developed The Collings with an eye for the needs of modern renters, who desire to be in accessible, walkable downtown locales with access to lifestyle services and amenities that create a seamless living experience,” said Brad Ingerman, President and CEO of Ingerman. “Based on these trends, and the unique opportunity that The Collings represents in the local market, our early success is exciting, but not surprising.”

Housed in a five-story, new construction mixed-use building that includes ground-floor retail as well as Ingerman’s new corporate headquarters, the one- and two-bedroom luxury apartments at The Collings North range from 800 square feet to nearly 1,300 square feet. These maintenance-free, pet-friendly residences include gourmet kitchens with quartz countertops and Energy Star appliances, generous closet space and full-size washers and dryers. Community amenities include a courtyard with grill, common-area Wi-Fi, a community room and a state-of-the-art fitness center.

A new leasing office, as well as fully furnished model apartments, will be available for tours beginning in late October. Move-ins at The Collings North are scheduled to begin in November.

The Collings at the LumberYard is situated in downtown Collingswood, near the town’s PATCO station, which offers a 16-minute ride to Center City Philadelphia, as well as easy access to New York City, Baltimore, and Washington D.C. Collingswood is one of New Jersey’s most vibrant small towns. In fact, because of its eclectic shopping, cultural offerings, many parks and acclaimed “Restaurant Row,” the town was named by Men’s Journal magazine and one of the best places in America to go car free. And the accolades don’t stop there. The American Planning Association named Collingswood’s Haddon Avenue, the street where The Collings is located, as one of America’s “Top Ten Great Streets.”

“The chance to live in a wonderful town with easy rail access to four major cities is something that has cross-generational appeal,” Ingerman said. “We’ve experienced interest from all age groups in The Collings. Luxury transit-oriented communities that feature such diversity and convenience are the wave of the future.”

In 2013, Ingerman opened and fully leased The Collings South, the first phase of The Collings at The LumberYard, comprising an adjacent community of 34 premier apartments, including seven luxury townhomes with private entrances.

About Ingerman
For more than two decades, Ingerman has been developing, building and managing
award-winning multi-family communities throughout the Mid-Atlantic region. Founded in 1988, the Company has developed 85 communities consisting of more than 6,700 residential units with total development costs exceeding $1 billion.

The Company’s seasoned team of real estate and construction professionals utilize state-of-the-art architectural design, cutting-edge, environmentally conscious construction and an array of modern amenities in the development of each community. Through a commitment to responsible development practices, Ingerman works to enhance the sustainability of its communities with several green initiatives.

For more information, please visit www.Ingerman.com or call (856) 662-1730.