Walters Apartments has welcomed its first residents to Cornerstone at Lacey III, a newly completed 70-unit income-restricted apartment community in Ocean County. This is the third and final phase of the multifamily property, which serves as the sister community to Cornerstone at Lacey I and II. To mark the development’s completion, a ribbon-cutting ceremony was held on Wednesday, August 20, 2025 at 900 Gary Smith Way in Lacey Township.
“We’re proud to deliver quality, affordable housing that meets the needs of residents from a range of income levels,” said Joe Del Duca, partner and director of Affordable Housing for Walters. “With the first two phases fully occupied, this final phase is an exciting milestone, and we’re confident it will continue to bring lasting benefits to Lacey for many years.”
Walters is designing and constructing the development to meet the requirements of LEED® and ENERGY STAR® certification. LEED-certified homes are healthier places to live, produce lower utility bills, have better air quality, and leave a smaller environmental footprint, according to Walters.
The community offers two- and three-bedroom apartments with individual entrances. The third phase features a new community clubhouse with computer workstations and a state-of-the-art fitness center. Residents can enjoy a children’s tot lot, barbecue and picnic area, and half-court basketball. A staffed social services coordinator is available upon request.
Rental rates at Cornerstone at Lacey III are income-restricted with all the units available to those who earn 60 percent or less of the area’s median income. Rates are based on the renter’s gross annual income, according to the rent and income requirements chart.
The community offers proximity to the Garden State Parkway, Lacey Township District schools, local supermarkets, retailers, beaches, and waterfront restaurants, as well as a network of local medical facilities.
Walters manages every aspect of development from design and construction to property management. Call (609) 242-6430 for more information or visit www.waltersgroupapartments.com.
Media Contact: Caryl Communications – Maxine Aviles / Jamie Platt
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