Bulletin Board Magazine 2021 Volume 3

VOLUME 3 | 2021 Bulletin Board The Bui lder Connection

Market Update

SBACNJ Event Recap

PWB Tools for Schools

Builder Spotlight

Project Spotlight

Covering Monmouth, Ocean, Mercer, & Middlesex Counties

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XPrXeXsidXeXnt’s Message

FALL BACKTO BUSINESS, ButWhat Does that Mean? by Christopher Amato - SBACNJ

Christopher Amato President - SBACNJ

It’s time to make the transition from summer into fall. I’m hoping that even with the increased activity we are all experiencing in our industry, that you had some time to spend enjoying our beautiful New Jersey shore weather and activities at some point these past few months. Now that fall is here and we’re back to business (did we ever stop???) it’s important to reinforce the necessity of lobbying on behalf of our industry during these times of uncertainty so that we can make certain our industry can continue building homes for people in New Jersey. Through our local PAC and the NJBA BPAC, lobbying local municipalities as well as state government in Trenton has been a crucial part of the Association’s function, particularly during the past eighteen months, to keep our industry operating. Our companies have relied on this representation to keep building, even during the pandemic. No matter what is happening in our businesses, it is imperative that we keep supporting the Association to ensure our interests are at the forefront of legislation, locally, statewide, and at the national level. There are many other ways the value of the Association can be a powerful tool to keep your business growing. One of the most

important benefits of being a member are the relationships we build and depend on during good and challenging times. For instance, these relationships help ensure our supply houses can provide the building materials when we need them. Through close communication with suppliers and having that personal relationship to rely on, our expectations can be reestablished, helping to improve our situation with supplies. That is just one example of how building close relationships with other Association members have helped our companies prepare and plan for these types of issues that were unforeseeable prior to the pandemic. Working through supply chain issues would not have been possible without the Association. Connecting with other members, building strong relationships that mutually benefit Builder and Associate difference, and will continue to in the coming years. As SBACNJ’s President, I would like to thank our Associate members during Associate Appreciation Month this September, especially our Associate Sponsors, who make all of what we do possible. members, and having a support system through SBACNJ has made a world of

Although the climate of doing business is currently uncertain, SBACNJ is still preparing our office to accept visitors in the near future. Getting back to some in-person committee meetings using our technology tools by creating a hybrid of in-person and virtual meetings for the near future is on the horizon for our Association. We are looking forward to seeing everyone at the Atlantic Builders Convention in Atlantic City October 11th through the 13th, as well as later this year at our Installation and Holiday Party on December 8th. Be sure to save the date for that year end party!

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C ontents 01 President's Report by Christopher Amato 05 Welcome New Members 07 Legal/Legislative by Michael J. Gross, Esq., Steven M. Dalton, Esq. and Linda M. Lee, Esq. 13 SBACNJ Event Recap 21 PWB Tools For School Drive Success Article by Georgette Kyriacou, FWH Associates 23 ABC Is Back VOLUME 3 | 2021

EDITORIAL CONSULTANT Flair Marketing Group - Stephanie Shaffery

DESIGNER Flair Marketing Group

OFFICERS President – Christopher Amato

First Vice President – James Pittenger

Vice President of Associates – David Eareckson, PE

Secretary – Stan Graser

General Counsel - Michael J. Gross

Immediate Past President – Michael J. Kokes

Lou Padula – Treasurer

SBACNJ STAFF Executive Officer – Gina McNamara

27 Builder Spotlight - Kokes Properties 31 I NeverWant To Predict The Future But I’ll Try for Construction’s Sake

Office Manager – Christine Boyle

The Bulletin Board magazine is published quarterly and is distributed to the membership and others.

by Bill McNamara, CPA, The Curchin Group, LLC

37 Project Spotlight - Adventure Crossing: The Ultimate Family Destination 41 Real Estate Update - Does This Boom still have room? by Suzzane Kronenfeld, Realtor.com 45 SBACNJ Presents Scholarships To OCVTS Students 47 NAHB - Lumber Prices Ease Slightly but Remain Far Above Normal by Michael Kurpiel, Carter Lumber

eMagazine by member company Flair Marketing Group stephanie@flairmg.com

Unless otherwise noted Photography by member company: All is Sharp Photography Howell, New Jersey Photos can be viewed and ordered online at allissharp.com

Over 75 years of publication to our members

THE BUILDER CONNECTION

Interested in Joining SBACNJ?

CLICK HERE As a Builder

CLICK HERE As an Associate

CLICK HERE As a Remodeler

190 Oberlin Avenue North Lakewood, NJ 08701 | P (732) 364-2828 | F (732) 905-2577

Land Development Services Civil Engineering

Surveying & Mapping Professional Planning for Land Development Marine & Waterfront Engineering Geotechnical Engineering Landscape Architecture

Matrix New World Land Development Services are recognized leaders in engineering, surveying, and landscape architecture consulting services. The combined strengths of our licensed and certified professionals enables us to serve a wide variety of clients in the private sector, as well as all levels of government, public authorities, and non-profit organizations in the United States. Our engineers, planners, LEED professionals, licensed surveyors, and landscape architects stand ready to assist our clients and address their needs. We demonstrate our understanding of their vision by emphasizing the importance of client satisfaction, and recognizing the value of client relationships.

Matrix New World Engineering Certified WBE 442 State Route 35, 2nd Floor Eatontown, NJ 07724 732.588.2999 matrixneworld.com

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WELCOME New Members We would like to take this opportunity to welcome the following new members and thank their sponsor.

DS Builders Daniel Snyder 8 Gefen Drive Lakewood, NJ 08701

CB Realty New Homes David Schoner 175 Park Avenue Madison, NJ 07940 (973) 715-5883 Wiss & Company, LLP Chris Cowan 100 Campus Drive, Suite 400 Florham Park, NJ 07932 (908) 910-0021 MHI - Consulting Christine Workman PO Box 151 Danboro, PA 18916 (732) 403-7441 Ascolese Painting Jerry Ascolese 123 Town Square Pl. PMB 412 Jersey City, NJ 07310 (732) 213-7114 Skoloff &Wolfe, P.C. Vincent Ferrer 293 Eisenhower Parkway, Ste 390 Livingston, NJ 07039 (973) 232-2966 Sponsor: Adam McIndoe Sponsor: Chris Amato CMM Custom Homes

‑

732-600-8065 Republic Bank Kristjan Prima 52 South 16th Street, Suite 2400

Philadelphia, PA (215) 430-5413

Sponsor: Arvo Prima Pr1ma Corporation Van Cleef Engineering Cynthia Norfleet 32 Brower Lane Hillsborough, NJ 08844

(908) 359-8291 BCR Carpentry Mark Bishop 245 Center Street Keyport, NJ 07735 (732) 407-9332 Thrive by Design Michele Strassheim

18 Skipper Lane Brick, NJ 08724 (732) 312-3914 Clem’s Ornamental Iron Works Vinnie Zirrillo

110 Eleventh Avenue Piscataway, NJ 08854 (908) 565-6008 Shore Business Solutions Christopher Wolowitz 1720 Route 34 Farmingdale, NJ 07719 (732) 280-1333

F.W. Webb Stan Graser

180 Centennial Avenue Piscataway, NJ 08854 (609) 646-3821 Dynamic Earth David Backman 1904 Main Street Lake Como, NJ 07719 (732) 280-0830

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AdvanTech ® subflooring has provided builders consistent high-quality for 20 years. Engineered to provide a unique combination of advanced moisture protection and industry-leading strength and stiffness 1 , AdvanTech subflooring is FLAT OUT BEST ™ for a quiet, stiff floor. With a 500-Day No-Sanding Guarantee and Lifetime Limited Warranty 2 , AdvanTech subflooring is the panel builders trust to withstand tough jobsite conditions and provide a quiet, even base for years to come. AdvanTech subflooring provides total performance because of its advanced manufacturing: • High-density engineered wood for industry leading strength and stiffness 1 • Advanced resin technology helps fight moisture throughout the panel • Reliable fastener-holding power grips fasteners in place to help reduce squeaks • Patented fastening guide for easy installation • Durable, precise tongue and groove profile for speed and ease on the job • Ranked #1 in quality every year since 2002 3 FACT SHEET: ADVANTECH ® SUBFLOORING

For more information on AdvanTech subflooring, visit AdvanTechPerforms.com.

###

___ 1 According to Evaluation Service Report published by the International Code Council’s Evaluation Services in ESR-1785 . 2 Limitations and restrictions apply. Visit AdvanTechPerforms.com/ResidentialWarranty for warranty and No-Sanding Guarantee details. 3 Builder magazine annual Brand Use Study, 2002 – 2016, OSB category.

Legal/Legislative

Legal/Legislative by Michael J. Gross, Esq., Steven M. Dalton, Esq. and Linda M. Lee, Esq. Mr. Gross is a Partner & Chair, Mr. Dalton is a Partner, and Ms. Lee is an Associate of Giordano, Halleran & Ciesla, P.C.’s Environmental Practice Group

DEVELOPMENT IMPACT FEES / JUDICIAL DEFERENCE

On appeal, Defendants argued that the trial court failed to give proper deference to the Planning Board by substituting its own judgment for the Board’s with respect to the necessary traffic plan and lack of a wetlands letter of interpretation (“LOI”). The appellate court disagreed and determined that the Planning Board’s decision was not entitled to any deference because its action was “clearly arbitrary, capricious, and unreasonable.” The court explained that there must be a “causal nexus” between off-site public facilities and a private development, and a “developer may not be saddled with a disproportionate share of the cost of the improvement.” The court found that the traffic plan demanded by the Planning Board required Plaintiff to pay for road improvements beyond the traffic increase related to Plaintiff’s complex’s construction. In addition, the parties’ settlement agreement provided that Plaintiff was responsible only for two new traffic signals along with the necessary paving and road striping, and therefore, the Board’s denial violated the parties’ settlement agreement. The court also found that the Planning Board’s decision to deny Plaintiff’s application on the ground of an expired and invalid wetlands LOI were “materially inaccurate” and lacked “sufficient evidential support.” This case reaffirms that although courts provide deference to a planning board’s decision, it is not without limits. A planning board’s decision must be reasonable and supported by credible evidence, and must also be consistent with other agreements which may exist.

Michael J. Gross

In re Township of East Brunswick

Bulletin Board | 7 | www.shorebuilders.org a consolidated trial, the court reversed the Board’s decision. The court found that the Board continually requested additional road improvements that were not necessitated by the development and made findings of fact about a wetland that were materially inaccurate, and the denial violated the terms of the parties’ settlement agreement. Defendants appealed, and the Appellate Division affirmed. This action arose from the Township of East Brunswick’s declaratory judgment action for substantive certification of its affordable housing plan. Plaintiff Hidden Oak Woods, LLC intervened in the action and later entered into a settlement agreement with the Township with respect to the proposed development of Plaintiff’s property. The court approved the settlement agreement, the Township adopted its third-round Housing Element and Fair Share Plan, and the court entered a Final Judgment of Compliance and Repose declaring that the Township had complied with its fair share housing obligation. Plaintiff subsequently filed an application with the Township’s Planning Board for preliminary and final site plan approval. The Board denied Plaintiff’s application. Plaintiff filed a complaint in lieu of prerogative writs against Defendants Township and Planning Board seeking a declaratory judgment reversing the Board’s decision and also filed a motion to enforce litigant’s rights with respect to the settlement agreement. Following

Steve Dalton

Linda M. Lee

DEP RELEASES GUIDANCE ON REMEDIATION CASES INVOLVING CONTAMINANTS OF EMERGING CONCERN DEP’s Site Remediation and Waste Management Program recently published guidance addressing certain practical concerns regarding the timely completion of remediation cases involving contaminants of emerging concern (“CEC”), including PFOA and PFAS contaminants. DEP’s Site Remediation Program requires completion of remediation within specific timeframes. For ISRA cases, timely remediation must be completed for the “entire site” addressing all areas of concern. The ability to complete newly regulated CEC remediation within applicable timeframes in the context of sites already undergoing remediation and subject to applicable previously running timeframes has been a challenge. The guidance, available at https://www.nj.gov/dep/srp/ guidance/#contaminants_ec , provides needed regulatory flexibility. Under circumstances where the responsible party and involved LSRP had no basis to know or reason to believe CEC required remediation at the site prior to discovery, the responsible party has the option to addressed the CEC under a new, separate remediation case. In doing so, the new case will be subject to its own distinct timeframes, separate from the timeframes applicable to the previously existing case. For existing ISRA cases that require remediation of the “entire site”, the ISRA case will remain open and a Response Action Outcome for the entire site will be deferred until the CEC remediation is completed. This policy provides timeframe relief for remediating parties and an additional compliance option, as an alternative to making an application for a timeframe extensions, in those situations where more time is needed to complete remediation than is otherwise allowed under deadlines applicable to pre-existing remediation cases.

The decision also reaffirms the limits on developer responsibility for impact fees. TIME TO APPEAL – PRESERVING RIGHTS

45 days “after the accrual of the right to the review, hearing or relief claimed” as required under New Jersey Court Rule 4:69-6(a). This case reaffirms the importance of the procedural requirements to challenge the decisions of a municipal body with respect to land use matters. Bill No. S.3223 regarding electric vehicle charging stations was signed into law July 9, 2021 (P.L. 2021 c.171). For residential development, the bill mandates applications for developments with 5 or more units to include 15% of required parking as “make ready” for electrical vehicle charging. The 15% make ready spaces are to be phased in over 6 years, with one third of those immediately equipped with electric vehicle charging equipment. Applicable parking requirements would be reduced, up to a 10% reduction, with each make ready space counting as two regular parking spaces. The number of make ready parking spaces required at developments having a parking lot or garage vary depending on the amount of off-street parking supplied. The law requires the Department of Community Affairs to adopt a model ordinance to be effective statewide, and the model ordinance was released September 1, 2021. Municipalities may adopt replacement ordinances addressing issues such as setbacks but may not exceed the applicable set aside requirements. The law is not applicable to development of one single family home or retail use having 25 or fewer parking spaces. Electric vehicle supply equipment and make ready parking spaces are treated as permitted accessory uses and structures in all zoning districts and do not require a variance, and applications shall be approved through issuance of a zoning permit. The law took immediate effect. Developers should carefully consider evaluate the requirements of this new law with their professional consultants. ELECTRICVEHICLE CHARGING STATION LAW

Squicciarini v. Borough of Closter

Plaintiff Mauro Squicciarini was the owner of property located in the Borough of Closter. Plaintiff applied for a building permit to construct a single-family residential dwelling on the property. The Borough’s Zoning Officer denied Plaintiff the permit on numerous grounds, including the failure to meet bulk requirements. Plaintiff did not appeal the Zoning Officer’s decision to the Borough’s Zoning Board of Adjustment, instead, Plaintiff applied to the Zoning Board for substantial bulk variance relief to construct the dwelling. After conducting hearings over multiple days, the Board denied the application. Plaintiff did not appeal the Board’s denial of his application. Ten months after the denial, Plaintiff filed a complaint in lieu of prerogative writs against Defendants the Borough, County, and an adjacent property owner who objected to his application. Plaintiff challenged the denial and sought a judgment declaring that he had the right to construct a residential dwelling on the property. The trial court granted the Defendants’ motions for summary judgment, and denied Plaintiff’s motion. The trial court found that, amongst other things, Plaintiff’s action was time-barred. Plaintiff appealed to the Appellate Division, which affirmed the trial court’s decision on the motions. The appellate court found that Plaintiff failed to appeal the zoning officer’s decision denying him the issuance of a building permit to the Zoning Board within 20 days, as required by N.J.S.A. 40:55D-72(a), and he could not circumvent his failure by instead seeking relief through an action in lieu of prerogative writs. The court also found that Plaintiff’s prerogative writ action was time- barred because he failed to file same within

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FROM PROJECT VISION TO COMPLETION

As a full service law rm, we are well equipped to help you address all aspects of the land development process from contract negotiations through construction, work with you post-development in connection with product sales/leasing, community transition, and construction related issues, and serve your other legal needs.

You need attorneys with in-depth knowledge of the building industry’s complex issues and challenges.

You need attorneys who provide high quality services and exceptional value. You need attorneys who are responsive, listen to you, and are attentive to your business objectives. You need attorneys who routinely work with regulatory agencies and anticipate legislation that could a ect your projects. Giordano, Halleran & Ciesla’s team of highly experienced and regarded attorneys works with you from the ground up to ensure the strong foundation you require for successful, long-term results. environmental ◊ redevelopment ◊ land use ◊ real estate transactions, nancings and leasing ◊ tax exemptions and abatements ◊ a ordable housing planned real estate development creation of condominiums ◊ renewable energy ◊ construction dispute resolution ◊ related matters You need attorneys who go the extra mile.

To nd out more about our Environmental, Real Estate, Land Use, Redevelopment and Planned Real Estate Development practices, please contact: Michael J. Gross, Esq. John A. Giunco, Esq. Michael A. Bruno, Esq. J. Scott Anderson, Esq. Marc D. Policastro, Esq. Paul H. Schneider, Esq. Steven M. Dalton, Esq. Laurence I. Rothstein, Esq. Michael J. Vitiello, Esq. Timothy J. DeHaut, Esq. Steven P. Gouin, Esq. Todd D. Greene, Esq. C. Justin McCarthy, Esq. John A. Sarto, Esq. Mark D. Mako, Esq. Jennivere L. Kenlon, Esq. David J. Miller, Esq. Donna A. McBarron, Esq. Catherine J. Bick, Esq. A yfa H. Ellington, Esq. (732) 741-3900 info@ghclaw.com www.njenvironmentlaw.com www.ghclaw.com

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DW Smith Associates is now part of the PS&S Family Two resilient and innovative Garden State A/E Consultants with more than a half century of service each have united to continue their leadership role in the Home Builders’ Marketplace

Miguel Salinas, LSRP, CPSS 732.584.0435 | msalinas@psands.com

www.dwsmith.com

www.psands.com HQ: Warren, NJ

Wall, NJ

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SBACNJ 75th Anniversary Contined Construction to Permanent Loan

RESIDENTIAL MORTGAGES

At OceanFirst Bank, we know that convenience is important to our customers. That’s why we offer an array of residential mortgage options designed with just that in mind. If you’re building a new home, your construction and permanent loan can be combined with just one closing, saving you time for more important things – like deciding on paint colors and carpet for your dream home. Come in and talk with a Residential Loan Officer today! Features & Benefits • Final rate set at time of construction closing* • Prompt, local decision making • Easy application process • Seller may contribute 6% towards closing costs • 1 st draw up to 75% of land value • One closing

For All Your Mortgage Needs, Contact Us Today! 1.888.OCEAN33 | www.oceanfirst.com/MeetTheTeam

*Primary and secondary home rates are set at time of closing. Offer of credit is subject to credit approval.

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GROHE STARLIGHT® Durable coating wipes clean, maintains lustrous finish

MAGNETIC DOCKING Easy retraction and secure docking of the spray head

SMOOTH TURN 360° Spout rotation allows for full sink coverage

THREE-SPRAY OPTION WITH TOGGLE Switches from regular to shower to forceful blade spray

FORWARD ROTATING HANDLE Prevents backsplash interference

SPEED CLEAN® Remove limescale build-up with your fingertip

REFINED DESIGN, ENHANCED FUNCTIONALITY GROHE LADYLUX ® L2

GROHE SILKMOVE® Smooth, effortless handle operation

SBACNJ Event Recap

A FUNTIMEWAS HAD BYALL at SBACNJ'sYP/PWB Meet & Greet

The Ocean County Artist's Guild was the perfect backdrop for our Professional Women in Building and Young Professionals meet-up on July 20th. Members were able to check out some local art, enjoy the scenic water views and partake in some long overdue in-person networking. We would like to thank our YP & PWB committees for hosting and everyone who came out for this special night.

X XXXXXXX

Multiple Teams Represent SBACNJ at the HOPEWalk A special shout out to our SBACNJ Associate Sponsor walkers who we bumped into along the way: All County Enterprises Archer Attorneys at Law The Curchin Group Earle Residential – Commercial Construction FWH Associates

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OUR ANNUAL BBQ ON THE BEACHWAS AWESOME! We would like to thank everyone who came out for the Annual BBQ on the beach July 15th. We had a perfect night! Thank you again to our amazing sponsors for supporting this event: Cup Sponsors: Caliber Home Loans Deanna's Interior Designs Sharbell Development | Shore Business Solutions

Dinner Napkins: CMM Custom Homes

Cocktail Napkins: Whitestone Associates

To see all the pictures & to purchase your favorites, please visit this link to view & purchase photos http://www.allissharp.com/Commercial/5141-SBACNJ/index.htm.

Members spent the day Supporting the Senator Robert W. Singer Golf Open at Eagle Oaks Golf and Country Club on Monday, August 30. From left to right; NJBA Director of Legal Affairs - Kyle Holder, NJBA Chief Executive Officer - Jeff Kolakowski, SBACNJ Vice President - James Pittenger, SBACNJ Secretary - Stan Graser

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Event Recap Continued

Annual Golf Outing

6-21-21

The SBACNJ Golf Outing took place on Monday, June 21st at the Jumping Brook Country Club in Neptune.As in past years, the event was sold out to foursomes and our sponsorships filled up quickly.

We would like to thank the following members for sponsoring this event:

C&L Sweeper | Matrix New World Engineering | Palatial Homes | Dakan Homes Esposito Construction | Caliber Home Loans | FWWebb Manasquan Bank | Ps&S / OW Smith Associates

Ferguson Maloney & Curcio | Crown Elevator | FWH Associates | Netwave Interactive Marketing | Jackson Development Azek | Robert J. McGowan & Associates | ELP Associates Inc. | All County Enterprises | Archer Attorneys at Law Tile-It | NJR Home Services | Mccue Captains Insurance | Home Depot PRO | CertainTEED | WJH Engineering | Beacon AWT Environmental | Storm Master | Builders General Supply Whitestone Associates | Hexa Builders | Carl's Fencing | Ryan Homes Resisto |

Hammer Land Engineering | Marvin Windows | Crown Homes | Dupont Tyvek Parksite | Hoagland, Longo Pittenger Builders | CMM Custom Homes | Wiss & Company, LLP JV Engineering | Jumping Brook Country Club

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Construction & Permanent Loans

RECENT FINANCING

$36,500,000 185 A pArtments

Little Falls, Passaic County Construction/Permanent

For over 130 years, Amboy Bank has been financing NJ’s building and housing needs. We provide commercial, construction and permanent loans with flexible terms and, of course, quick local decisions. Bob Beni Senior Vice President, Senior Commercial Real Estate Officer 732.591.8700 x5732

$16,500,000 60 A pArtments /r etAil Newark, Essex County Construction/Permanent

$9,000,000 34 A pArtments Belmar, Monmouth County Permanent

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SHORE BUILDERS Association of Central NJ, Inc.

COMMITTEES

Committees are a vital functional of our Association. Make your membership more meaningful by getting involved. Become an active member of a committee! Committees general meet one hour, once a month

❑ ASSOCIATE MEMBERS, MEMBERSHIP SERVICES AND PROGRAMS: This committee works for the betterment and benefit of the SBACNJ membership. This committee is responsible for the BEAM (Builders Employing Associate Members) Award as well as the Associate of the Quarter nominations. This commit tee recruits new members, screens prospective applicants and works to retain current members. ❑ GOLF CLASSIC: This committee meets 6 times per year, beginning in February, to plan the SBACNJ Annual Golf Outing. As a committee member it is important to be available the day of the outing to work as an event volunteer. ❑ LEGAL/LEGISLATIVE & ENVIRONMENTAL: This committee interfaces with local and state municipalities to maintain good relations, provide exchange information flow, and oppose adverse government regulations on the building industry in Monmouth, Ocean, Middlesex and Mercer Counties. The committee considers challenging ordinances, practices, and policies of municipalities which are harmful to SBACNJ members. ❑ SALES & MARKETING: This committee promotes professionalism in sales and marketing and further educates the members on the latest ideas available to Builder and Associate members. This committee also plans the Annual FAME (Fabulous Achievement in Marketing Excellence) Awards Banquet. The committee keeps industry views before the public and creates a better public image of the Association and the role it plays in the community. ❑ YOUNG PROFESSIONALS: This committee promotes participation and increases opportunities for young professionals in the building industry by developing interesting programs that provide a forum for networking, continuing education, professional growth, development of leadership skills and access to a professional community. ❑ PROFESSIONAL WOMEN IN BUILDING COUNCIL: This council is recognized and chartered by NAHB and is dedicated to promoting, enhancing, and supporting home building and women in the home building industry. This council is open to all member companies and their employees. There is a fee of $50 per member to join the council and is open to men as well.

If you are interested in joining one of the committees or being a member of the Professional Women in Building Council, please contact the SBACNJ Office in Lakewood at 732-364-2828.

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SAVE THE DATES! Be sure to save the dates for these important upcoming programs: Click here for Shore Builders Events

BUILDER ONLY PRODUCT SHOWCASE - THURSDAY, NOVEMBER 10, 2021 JUMPING BROOK COUNTRY CLUB, NEPTUNE

INSTALLATION & HOLIDAY PARTY -WEDNESDAY, DECEMBER 8, 2021 SPRING LAKE MANOR, SPRING LAKE

ECONOMIC FORECASTW/NAHB CHIEF ECONOMIST, DR. ROBERT DIETZ THURSDAY, MARCH 30, 2022 JUMPING BROOK COUNTRY CLUB, NEPTUNE

FAME AWARDS - THURSDAY, MAY 19, 2022 SOUTH GATE MANOR, FREEHOLD

SBACNJ GOLF OUTING – MONDAY, JUNE 20, 2022 JUMPING BROOK COUNTRY CLUB, NEPTUNE

BBQ ON THE BEACH – THURSDAY, JULY 21, 2022 MARTELL’S TIKI BAR, POINT PLEASANT BEACH

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EVERYTHING YOU NEED TO BUILD EVERYTHING YOU’RE BUILDING.

CABINETRY • COLUMNS • CONNECTORS & FASTENING SYSTEMS • COUNTERTOPS • CLOSETS DECKING • DOORS (EXTERIOR & INTERIOR) • DOOR HARDWARE • DRYWALL & ACCESSORIES • ENGINEERED WOOD PRODUCTS EXTERIOR GYPSUM SHEATHING • EXTERIOR TRIMBOARD • FLASHING • FLOOR TRUSSES • FLOORING • FRAMING LUMBER HOUSE WRAP • INSULATION & FOAM BOARDS • LATTICE • LOCKS • MILLWORK • MOULDING • PANEL SYSTEMS • PLYWOOD ROOF TRUSSES • SHAFT WALL SYSTEMS • SHUTTERS • SIDING • SOUND CONTROL • STAIRS • STAIR RAIL COMPONENTS TOOLS & HARDWARE • WALL PANELS • WINDOWS

KITCHEN DESIGN & INSTALLATION • WINDOW & DOOR INSTALLATION • CLOSET DESIGN & INSTALLATION CUSTOM MOULDING & MILLWORK • FLOORING INSTALLATION • STAIR MANUFACTURING & RAILING INSTALLATION TRUSS DESIGN & CONSULTING • TAKEOFFS & I-JOIST PLACEMENT PLAN

800-325-8623 WOODHAVENLUMBER.COM Lakewood | Point Pleasant Beach | Manahawkin | Shrewsbury *

*Kitchen & Closet Design Center only

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PWB Article

TOOLS FOR SCHOOL Drive Success

Georgette Kyriacou FWH Associates

And that's a wrap!

Thank you to SBACNJ Secretary Stanley Graser who happened to be at our office this morning and helped us with the heavy lifting.

Thank you to everyone who donated to our "Tools for School" supply drive for United Way of Monmouth and Ocean Counties. Along with the supplies collected our members generously donated an additional $940.

PWBGS Celebrates PWBWeek

Our Professional Women in Building council had a great time last week celebrating PWB Week. We highlighted some of our members on social media (be sure to check them out on Facebook, LinkedIn, and Instagram), and celebrating The House That She Built, a book

written by PWB Members about women in construction! Here's one of our mini-members enjoying the read! Learn more about The House that She Built here.

4th Generation Builder Hazel Pittenger

The Professional Women in Building of the Garden State have several exciting initiatives as their focus for the rest of the year and into the new year. If you are interested in joining the PWBGS council, or would like to attend any of the upcoming events as a non- member, please contact Gina@shorebuilders.org

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YOU BUILD. WE’LL TAKE CARE OF THE REST.

Our team of seasoned professionals offers a “one stop shop” of expertise allowing you more time to do what you do best—build. LET’S GET STARTED.

/ Civil Engineers / Land Surveyors

/ Planners / Architects

/ Landscape Architects / Reserve Specialists

NEARLY 30 YEARS

FWHassociates.com 1856 Route 9 | Toms River, NJ 08755 | 732.797.3100 100 N Krome Ave. | Florida City, FL 33034 | 305.307.5343

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ABC Is Back

Have you registered yet for the 71 ST ATLANTIC BUILDERS CONVENTION?

ABC is returning to Harrah's Waterfront Conference Center in Atlantic City, October 11-13, 2021. Exhibit space, attendee registration and hotel reservations are all now open. The 71st annual ABC, originally scheduled for April 2020, was one of the first major events in NJ to be cancelled due to the COVID-19 pandemic. NJBA CEO Jeff Kolakowski stated, “NJBA has been hosting ABC for the better part of a century so there is tremendous enthusiasm from our attendees to return after more than two years since our last show.” Click here to view available spaces and reserve as exhibit space is nearly sold out.

This year’s headlining events include the NJBA Presidents Party , celebrating the Presidencies of Josh Mann and Michael Canuso on Monday, October 11, the Sales and Marketing Awards (SAM) on Monday, October 11, the ABC After Hours Party hosted by the Professional Women in Building and Young Professionals on Tuesday, October 12, and “Housing the State of NJ,” an economic analysis and panel discussion on Wednesday, October 13. Educational programs offering continuing education credits will be held both Tuesday, October 12, and Wednesday, October 13. View the complete schedule of events here.

Attendees are still able to take advantage of discounted lodging at the host hotel, Harrah’s Resort with rates starting at $99.00.

We look forward to seeing you in Atlantic City!

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That’s the position that Whirlpool brand holds when it comes to appliance sales in the U.S. * Consumers count on the appliances in their homes every day. That’s why it’s important to provide them with products they know they can trust. Whirlpool, the top-selling appliance brand in the U.S., is one of several leading brands in our differentiated portfolio. So no matter what your customers need, they can feel confident that they’re working with an industry leader – and you can too.

Count on us.

* Based on 12-month average of unit sales. Refrigeration, Cooking, Dishwashers and Laundry appliances. TraQline, 2017

WHIRLPOOLPRO.COM/NUMBER1

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COUNT ON OUR CAPITAL. BUILD YOUR BUSINESS.

Walter Sierotko , EVP 732.726.5420

TOTAL TEAM LENDING

C O M M I T M E N T Y O U C A N C O U N T O N. SM

RECENTLY FINANCED

INDUSTRIAL CONSTRUCTION LOAN PISCATAWAY, NJ $18,000,000

OFFICE BRIDGE LOAN RED BANK, NJ $16,500,000

OFFICE/RETAIL CONSTRUCTION PERMANENT LOAN SUMMIT, NJ $8,900,000

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www.Provident.Bank

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Builder Spotlight

KOKES PROPERTIES

Kokes Properties (“Kokes”) is a vertically integrated real estate development firm founded by Michael J. Kokes, a third- generation real estate developer. Kokes’ primary business is focused on developing multifamily and self-storage assets for its own portfolio while concurrently supplementing its real estate holdings through non-core investments that generate strong and stable yields. Kokes employs a full team working across four departments: Acquisition & Entitlements; Development & Construction; Property Management; and, Finance & Accounting. Although each department is individualized in nature, what sets Kokes apart from other real estate companies is its industry knowledge, versatility, and network. All members of the Kokes team bring prior development experience and a nuanced understanding

Bulletin Board | 27 | www.shorebuilders.org Over the past two years, Kokes and partners built and stabilized an 80,000 square foot self-storage facility in Winslow Township, New Jersey, which is currently managed by Extra Space Storage. Kokes also served as a strategic financial partner in a nearby Winslow community known as The Enclave, which of their roles to the firm. For example, Kokes’ development team is headed by Matt Stephens, a former Senior Project Manager with Toll Brothers whose strengths include project management, customer relations, and marketing oversight. Matt has spearheaded the buildout of Kokes’ in-house property management division and plays a leading role in promoting the company’s brand through various advertising initiatives. Since 2018, Matt has served on the Board of Directors of the Shore Builders Association.

consists of 105 townhome-style rentals.

In June of this year, Kokes acquired a single- tenant net lease (STNL) property in Wall Township. Although STNLs are non-core assets for Kokes, the property’s location, design, construction, and tenant, made it an attractive asset for the portfolio. Securing approvals for unentitled land is another competitive advantage that the company has relative to its peer group. As President, Michael J. Kokes is primarily responsible for guiding the firm’s vision with respect to all matters pertaining to site selection, project planning, and entitlement procurement. In June 2020, Mike received amended preliminary and final approval to develop a 190-unit multifamily community in Riverside Township, New Jersey. In March

2021, with the help of in-house engineer Paul Kavka, Mike also secured approvals for a 45,000 square foot self-storage facility in Whiting, New Jersey. Kokes currently has three projects in its pipeline. The Riverside project (at right) broke ground in December and is well underway. The first 22 units are expected to be ready for occupancy by year-end, and the first phase is expected to be fully developed by early 2023.

In January, Kokes also began developing the second phase of its Eden & Main community – a 50,000 square foot, 41-unit apartment building – in Southington, Connecticut. The roof of the building is currently being sheathed, and the elevator is about to be installed. Since its inception in 2015, the mission of Kokes Properties has been to fulfill the Kokes family legacy of developing sustainable projects,

maintaining long-lasting relationships with vendors and customers, and being responsible corporate citizens within the communities in which it builds. Over the last three years, the company has enjoyed rapid growth in terms of both its scale and its head count. The company has high expectations for that trend to continue.

Meet the Kokes Properties Team:

Michael J. Kokes President

Clark McIntyre VP of Operations

Matt Stephens VP of Development

Stephanie Gulick-Katz Controller

Aurelia Del Rossi Development Associate

Paul Kavka Project Manager

Michael Carty Construction Manager

Mary Dugan Community Manager

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Future Market

I NEVERWANTTO PREDICTTHE FUTURE But I’ll Try for Construction’s Sake by Bill McNamara, CPA,The Curchin Group, LLC

Bill McNamara, CPA The Curchin Group, LLC

I t is risky business to forecast the future— and yet riskier not to look forward. Trends and current events are strong indicators of subjects we should be ready to address in the construction industry. The business world changes quickly and those best prepared are able to adapt with fewer interruptions. We are all smarter after COVID-19. We reexamined our core essentials, ushering in policies, procedures and practices to work through the challenges presented. As we enter the fourth quarter of 2021, here are five important topics to generate future- focused discussions in management teams. A National Infrastructure Spending Plan Both political sides of our country favor it, but many details, as of this writing, are far from concrete. The general acceptance, however, is a strong indicator that a bill will be enacted. While it may take some time to materialize, planning should start today. Just how well positioned is your company to expand its operational footprint? Is your company’s strength being flexed to capitalize on new business growth? From the accounting perspective, we always emphasize to management the importance of a strong balance sheet before taking on new business ventures.

Examine critical areas like receivables, equipment, lines of credit (LOC) and long- term debt. Expansion is almost always fueled by cash flow. Have we reviewed our collection efforts and ensured our credit terms are appropriate for a customer’s size, profitability and payment history? An evaluation of our equipment will identify capital needs to be addressed. We want to see a downward trend in repair costs and assurance that the equipment is sufficient for the project’s requirements. LOCs provide liquidity to counter-balance swings in cash availability. Be sure that any LOC’s terms are extended and previous borrowings reduced to provide management with the greatest flexibility in meeting operational costs. If our review of fixed assets identifies the need to purchase, then our debt- to-equity ratio becomes vital to support new funding of assets. Management may need to consider refinancing or combining loans for more favorable rates and terms. Tax Reform A number of potential tax rate changes will increase the cost of doing business. It’s almost an inescapable fact. Issued in April 2021, President Biden’s proposal, The Made in America Tax Plan, outlines a number of significant changes. The proposal includes increases to the corporate tax rate from 21%

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to 28% and eliminating capital gain tax treatment for taxpayers who exceed certain income levels. Estate and inherent taxes will see major reductions of exemptions, requiring major attention to your will and estate plans. For example, in 2021, up to $11.7 million dollars of estate assets are exempt. A likely cut to pre–Tax Cuts and Jobs Act levels would reduce that exemption to $5 million (maybe even as low as $3.5 million). A host of new concepts for promoting energy efficient fuels, ending the ability to shift profits to offshore business operations and leveling the playing field between U.S. companies and foreign competitors, are also identified. A more interesting aspect contained in the proposal is the investment in the Internal Revenue Service, which would allow the agency to hire more tax examiners, implement new technology, and execute expanded audit engagements to reduce fraud and increase enforcement operations. The tax code has become a very complex subject and the service center admits that its agents struggle to keep up. Dollars will be provided to increase training, recruitment and retention of its own talent. Labor and Materials Labor has been a critical element in short supply for the industry regardless of COVID- 19’s impact. Layered on top of increasing wage rates was the extra incentive provided by the CARES Act for unemployment benefits. Adding a federal component to the state’s unemployment insurance caused many workers to delay their search for new employment. These additional supplemental funds can debatably be argued as a hindrance to restarting the U.S. economy rather than a way to keep it from stalling. Builders must continue to grow the workforce by demonstrating their commitment to it. That commitment can be a combination of many factors. Buzzwords like quality of life, job satisfaction, growth and mobility are areas that must be factored into a successful company culture.

Sometimes, the construction industry faces unexpected price increases or material shortages. It gets really ugly when both occur with little warning and we see dramatic spikes in relatively short periods, with volatility measured by days rather than months or quarters. The pandemic unleashed supply and material challenges in a very unprecedented timeline. Builders must look to add pricing escalation clauses in contracts when they are absent, ensure estimators and project managers clearly communicate, and document with suppliers to avoid unfavorable cost fluctuations when a project is bid. Project review and monitoring will be key to ensure that these short-term pricing bubbles do not impact bottom line results. Technology Who knew how vital a videoconferencing subscription would become? We all found out in March 2020 when COVID shut us down. Operations scrambled to find ways to communicate and maintain order. Understanding the mute button was almost as important as the subject of the meeting. Technology provided a significant amount of assistance in moving through our lockdown and is an area we should continue to embrace. Collaborative software expanded its footprint beyond the field, to the office, and now to dozens of remote work sites for project management and administration. The ability for a company’s entire operating structure to be supplied with real-time results was a big key in negotiating the decentralization of operations. Evaluating the effectiveness of your company’s software is just as important as reviewing the results of a job during close out. Post lock-down managers should look to identify weaknesses or lags in the reporting system and identify remedies. Software costs have always been viewed as an overhead expense, but lockdown demonstrated how important they are.

Worker safety and personal protective equipment (PPE) will see new emphasis and upgrades. Wearable tech measuring a worker’s biometrics, like temperature and heart rate, is readily available. Companies have seen results in terms of safety metrics with lowering of reportable health claims and incidents, which can lead to lower premiums in health costs and a reduction of lost time by employees. We have management employees who serve in highly technical and specialty areas. Add the title, “drone pilot,” to that list. Using this remote tool to gain a visual view of a project when an in-person inspection becomes limited or time-consuming is a great alternative. Video or still images captured as a job progresses will allow management to measure productivity, identify safety concerns and create teaching moments for the next job site. The Pandemic Effect The impact of the pandemic can not be exaggerated. No business and no person have been left unimpacted. How we conduct business and how our employees work will change. The establishment of a remote workforce will require an evaluation by management for the need and amount of office space currently maintained. Many workers thrived in the remote environment and management should balance and maybe modify its historical view of job responsibilities as well as internal measurement of an employee’s value with these new parameters. Flex hours are also an item for consideration as those working from home successfully managed their job responsibilities with their own family duties. Consider how an employee’s time is consumed in a day. Even a modest commute of 20 minutes from home to work means 40 minutes per day of consumption. We allow employees 30 or 60 minutes for a lunch break. Do we think that they really needed that full time allotment while working from home?

Continued ›

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Future Market Continued Accumulate these minutes across a workday, a week, a month and a fiscal quarter—then monetize them and the results should be a bonus to the production capability of your construction company. If you believe that the last 18 months have been rough on your businesses performance, dissect exactly how they impacted your results. If you are still standing, that means you have done many tasks well. If you are a little bruised and battered, you now have an opportunity to improve. Do not chalk up the financial results as a loss to COVID-19, but rather, take a deep dive into them and understand how certain factors changed your results. Be specific in identifying them inside a project. Exactly which area was delayed? Was it a delivery issue or a staffing issue? Identify the root cause. This will allow you to then develop a plan to combat it in the future.

What changes can be made so that your company grows? Even from losses, good management can produce a future benefit that will in turn produce a positive impact. Solicit ideas and best practices from key employees so that a new playbook is available for your company. Good businesses adapt; great businesses grow and thrive when faced with adversity. Create a work environment that rises to the challenge.

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Project Spotlight

ADVENTURE CROSSING: The Ultimate Family Destination

Shore Builders Association member Vito Cardinale of Cardinale Enterprises has been making tremendous strides on his latest development project – Adventure Crossing. When completed, the sports entertainment site will rival Great Adventure in popularity. Conveniently located in Jackson, with easy access to Rt. 195, the NJ Turnpike, and Garden

State Parkway, Adventure Crossing is accessible to families throughout the tri-state area and beyond. Vito’s vision for this property is to provide a family destination that has something for everyone. Its huge variety of athletic facilities will make Adventure Crossing the tri-state’s largest tournament destination.

Coupled with leading hotel chains, national restaurants and shops, families have a perfect weekend destination. Plus, for even more family fun, Adventure Crossing is neighbors with Great Adventure.

As true with any project of this size, the property will be developed in multiple phases; The first phase includes the development of site work including the paving of roads, sports fields, the main welcome sign (with billboard space available for rent),Taco Bell (opening soon) and a Popeyes restaurant. “ “

The second phase, currently in development, includes constructing a state of the art sports dome. The dome will house a sports bar, cigar lounge, wine bar, barber shop, virtual reality arcade, private room for parties, and 44 golf bays complete with special golf and game simulators!

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