One of Morris County’s most significant residential developments is entering its next chapter, as Value Companies, Inc. announced the rapid lease-up of Phase Two at The Point at Gateways and officially commenced construction on the highly anticipated Phase Three. The momentum behind this sprawling Randolph project highlights the strong regional demand for modern, high-end living options across northern New Jersey.
The Point at Gateways is a major component of the broader Gateways at Randolph master plan, which, when fully completed, will include more than 1,000 residences. The sheer scale positions it among the largest multifamily communities in the state, underscoring Morris County’s continuing evolution as a hub for luxury suburban living. The project also reflects wider market trends shaping the Garden State’s housing landscape—topics frequently covered in Real Estate for readers tracking the latest development news.
Value Companies’ Leasing and Marketing Manager Cheryl Byrne led the charge on Phase Two, which reached full occupancy at an impressive pace. Company leadership emphasized that the response from renters confirms what they have long observed: demand for newly built, amenity-rich homes in Morris County shows no signs of slowing.
Phase Two features 24 two-bedroom, two-bath residences designed with an emphasis on both comfort and contemporary finishes. High ceilings, stone countertops, energy-efficient appliances, and in-unit washers and dryers come standard. The amenities rival those of boutique hospitality properties, including a resident clubhouse, event space with a catering kitchen, outdoor balconies, workstations, large-screen TVs, a kids’ play area, and a dedicated gaming lounge. Outside, residents enjoy access to a pool, sundeck, fitness center, playground, and barbecue areas that support a year-round community experience.
As Phase Three gets underway, the next stage of the development will introduce an additional 36 two-bedroom, two-bath homes. These units will be crafted with the same elevated design approach and supported by an extensive amenity package that has become a signature element of The Point at Gateways.
The location also plays a large role in the project’s popularity. Positioned along Center Grove Road, Gateways offers convenient access to Randolph’s vibrant downtown and the broader Morris County region, including major shopping, dining, and recreation options. Commuters benefit from close proximity to Route 10, Route 46, and accessible public transit options—an important consideration for professionals seeking suburban living without sacrificing weekday mobility.
With Phase Three now moving forward, Gateways at Randolph continues to reshape the local housing market and underline the growing appeal of Morris County for renters seeking upscale suburban living. The pace of construction and leasing reflects sustained confidence from both developers and residents as New Jersey’s residential real estate market remains one of the most active in the region.
For more coverage of major housing projects, market trends, and development updates across the state, explore the latest stories in Real Estate.
