Sterling JV Opens New Jersey Luxury Community

June 12, 2026

Development Luxury New York News More Northeast

A fifth of the residences are reserved for individuals with intellectual and development disabilities.

Sterling Properties Group and Danbro Properties have opened Canterly Place, a 300-unit luxury community in Livingston, N.J. Northwestern Mutual was the joint venture’s financial partner on this development. The property was designed by Lassard Design and Mary Cook Associates created the concept for its interiors.

Canterly Place is a four-story building totaling 300 residences. All images courtesy of Sterling Properties Group
The community has on-site management team.
Shared spaces at Canterly Place include a game room.
Amenities at Canterly Place also comprise a basketball court.

Out of the total number of residences, 240 serve as market-rate apartments, while the other 60 are affordable units allocated to the Jewish Services for the Intellectually and Developmentally Disabled. Apartments have one-, two-and three-bedroom units, ranging from 798 to 1,434 square feet.

Shared indoor and outdoor amenities include wellness features, covered parking deck, coworking spaces, a library, a fitness center, community gardens, a children’s playground and a basketball court.

The four-story property stands on a 16-acre site at 51 Okner Parkway, along the Passaic River. The community is near New Jersey State Route 10, which connects the property to Midtown Manhattan, 28 miles east. Canterly Place is also within a 3-mile radius of more than 12 schools, as well as several retail options, including Home Depot, Costco Wholesale and Target.

Mixed-housing communities could be the solution

Development and design experts across the U.S. multifamily sector have recently hinted towards the idea that a mix of housing types—such as apartments, townhomes and build-to-rent homes—within a single community could attract a broader range of residents and future-proof multifamily properties. This strategy could cater to downsizing empty nesters, while also allowing the alternative to move into different housing option without leaving the community.

Additionally, by serving multiple renter segments, this type of community strengthens investment across the sector, attracts lenders due to long-term resilience and differentiates assets from its competitors.