JV Partnership Announces VIP List for New Jersey’s Premier Transit-Oriented Rental Community, Metro Rahway

Development Will Feature 116 Upscale Residences Across From Train Station; Leasing Set to Begin in Late Summer

RAHWAY, N.J. (June 26, 2014) — The joint-venture partnership of Sterling Properties, AST Development and Heartstone Development today announced that a VIP list has been created as a way to provide precedence to the large number of individuals who’ve expressed interest in residing at Metro Rahway, the partnership’s under-construction development of 116 upscale residences in Rahway, N.J.

A five-story building of one- and two-bedroom rentals, Metro Rahway is being constructed on 1.6 acres along Campbell Street between Elm Avenue and West Cherry Street. The former industrial site is being transformed into a transit-oriented development designed to cater to the modern renter’s wishes for a convenient and comfortable lifestyle. Leasing at the community, which will be located directly across from the Rahway train station and will feature underground parking for residents, is scheduled to begin in late summer.

The Rahway train station serves NJ Transit’s North Jersey Coast and Northeast Corridor lines, and will provide residents with an effortless 40-minute commute to New York City.

To join the VIP list, prospective renters can visit www.metrorahway.com.

“There’s extremely high demand in Rahway for luxury apartments, especially in the heart of the city’s Arts and Central Business district and in close proximity to the train station,” stated Rosanne Brooks, Sterling Properties’ director of sales and marketing. “As we near the start of leasing at Metro Rahway, the excitement can be felt throughout the city.”

Metro Rahway’s focus on lifestyle is further represented by an amenities package that includes a

state-of-the-art fitness studio, billiards lounge and a WiFi-equipped residents’ clubroom, where residents can work, relax or meet their neighbors.

With secured private entrances, nine-foot ceilings, ceramic-tiled kitchens featuring shaker-style wood espresso cabinets with quartz countertops, stainless steel appliances, ceramic-tiled bathroom floors, designer carpeting, bedroom ceiling fans, full-size washers and dryers and more, the residences are designed to appeal to a wide range of discerning renters.

Metro Rahway residents will enjoy convenient access to the city’s many trendy restaurants, shops, art galleries, dance studios and entertainment venues such as the Union County Performing Arts Center and Hamilton Stage. Rahway also offers an abundance of opportunities for outdoor activity, including the popular Rahway River Park.

“Rahway has quickly become one of the most sought-after places to live in New Jersey, and we’re thrilled to be at the forefront of the city’s resurgence,” AST Development Project Executive Shane Soranno said. “Metro Rahway will be a transformative development for the city, and we look forward to delivering the amenities-rich lifestyle that Sterling, AST and Heartstone have come to be known for.”

About Sterling Properties

Widely recognized as a premier builder of luxury apartments, single-family homes, townhomes and retail space, Sterling Properties has developed upscale residences in desirable locales for more than three decades. Today, Sterling operates a diverse portfolio of communities throughout New York, New Jersey, Pennsylvania, Connecticut and Florida. Whether it’s a rental or for-sale community, Sterling is committed to delivering superior quality residences distinguished by unique designs, sought-after features and first-class amenities. For more information, please visit SterlingPropertiesNJ.com.

About AST Development

Founded in 1985, AST Development Corporation is a full-service real estate development and investment company, which has been successful in the acquisition, development, repositioning and long-term ownership of commercial and residential real estate.  AST’s multi-family portfolio focuses on the New Jersey and metropolitan New York submarket, as well as Georgia, Florida and South Carolina. For more information on AST, please visitwww.astdevelopment.com.

About Heartstone Development

Heartstone Development is New Jersey's premier developer/builder of distinctive urban and suburban in-fill rental as well as for-sale residential and mixed-use retail properties. With impeccable attention to detail and creative use of space, Heartstone’s extraordinary homes are designed to welcome, comfort and inspire you.  For more information on Heartstone, please visit www.heartstonellc.com.