Single-Family Feel in a 55-Plus Multifamily Property

Livingston, N.J.–based developer BNE Real Estate Group knew that buying and developing a 45-acre, mostly vacant parcel 35 miles north in Pearl River, N.Y., meant dipping its toes further into the 55-plus age group, since that’s what area zoning dictated. “It turned out to be a blessing, since it was our first entry in that [Pearl River] market after working primarily on single-family and multifamily housing and commercial and hotel development,” says Kristina Hedden, the firm’s vice president of marketing.

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