Regions Northeast | New Jersey
SkyMark Holdings Acquires Golf Club, High Point Development Lands in New Jersey
June 11, 2008

SkyMark Holdings Inc. had acquired the High Point Golf Club and High Point Development project in Sussex County, N.J., the company said today. The golf community totals approximately 776 acres including a 100 acre lake, 200 acres of golf course and 200 acres of undeveloped land. It was designed and zoned to accommodate 3,104 housing units upon completion, of which approximately 630 units have been constructed. The company's current development plan for this property, once fully approved, is to build approximately 850 homes on a phased basis. Also included in the plan is an additional 10 acres of commercially zoned property outside of the existing community. The commercial property was purchased for the development of support retail services and office.

 
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