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Walters Adds 34 Affordable Apartments to Ocean County Housing Inventory 

Cornerstone at Grassy Hollow

MANAHAWKIN, N.J. (June 3, 2024) – Construction is on schedule for Cornerstone at Grassy Hollow II, a premium, income-restricted apartment community slated for completion in November, according to Barnegat-based developer Walters. The initial housing lottery for the new apartment community at 200 Back Road in Manahawkin closed this month, with robust interest reflecting sustained affordable housing demand within the local market.   

The development will offer 34 one-, two-, and three-bedroom apartments in two buildings. The first building is expected to be completed by mid-September 2024, with the second to follow.  

“Creating high-quality affordable housing that meets the needs of residents is a real positive for this beautiful community of Manahawkin,” said Joe Del Duca, partner and director of affordable housing for Walters. 

In addition to managing the property, Walters will be providing on-site supportive services to help residents thrive. Residents can take advantage of year-round resources such as after-school programs, special interest clubs, career readiness, a food pantry program, eviction prevention, and social services assistance. 

Cornerstone at Grassy Hollow II will feature a wealth of amenities such as a state-of-the-art fitness center, a children’s tot lot, a basketball court and a community clubhouse with computer workstations. Apartments are equipped with in-unit washers/dryers. 

The community is located in the Manahawkin section of Stafford Township, just off Route 9 and the Garden State Parkway. Residents enjoy proximity to local shopping areas, dining, and entertainment. With Long Beach Island just 10 minutes away, residents will have easy access to local beaches and many other recreational facilities. 

Walters is an award-winning real estate owner, developer, and property manager committed to the highest construction standards and environmentally responsible building practices. The privately-held firm builds income-restricted and market-rate housing, premium custom homes, retail centers, and office buildings. Active throughout New Jersey, Walters has three divisions—Walters Homes, Walters Architecture LLC and Walters Apartments. The team has the skills and expertise required to handle the most complex suburban developments from concept to completion. More information is available online at 


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500 Barnegat Blvd. N., Building 100, Barnegat, NJ 08005  

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