MARLTON, N.J. — Capitol Seniors Housing has completed Arbor Terrace Marlton, an 87-unit assisted living and memory care community in Marlton, approximately 15 miles east of Philadelphia. Project partners include operator The Arbor Co., architecture and design firm Meyer, and builder IMC Construction. The three-story, 76,500-square-foot community features 60 assisted living apartments, 27 memory care units and 15,000 square feet of amenity space. Construction began in April 2021.
GLASSBORO, N.J. — Pennrose, The Housing Authority of the Borough of Glassboro (GHA), Gloucester County and other project partners have opened Village at Harmony Garden, an affordable seniors housing community in Glassboro, 20 miles south of Philadelphia. The $20M redevelopment transformed the 10-acre site that was the Ellis Manor public housing complex into 64 affordable apartments with supportive services for residents age 55 and older, as well as individuals with disabilities, and one resident superintendent unit. Village at Harmony Garden includes a mix of one- and two-bedroom apartments in one-story, …
HOWELL, N.J. — A partnership between New Jersey-based investment firm AMS Acquisitions and Miami-based holding company Vector Group has broken ground on a 100-unit seniors housing project in Howell, located east of Trenton near the Jersey Shore. The site spans 14 acres, and the four-building project will feature one- and two-bedroom units that will be reserved for renters age 55 and above. Amenities will include a pool, great room with a communal kitchen, fitness center, outdoor grilling areas and a tenant lounge. Construction is expected to last about 18 months.
BRANCHBURG, N.J. — Walters is nearing completion of Cornerstone at Branchburg, a 150-unit age- and income-restricted community in Branchburg, approximately 45 miles west of Manhattan. As the developer puts the “finishing touches” on the community’s second building, the company expects to open the property later this month. “Amid continued demand for age-restricted housing in the regional marketplace, Cornerstone at Branchburg already is popular among active seniors and empty-nesters,” says Joe Del Duca, partner and director of affordable housing for Walters. Designed to attain LEED and Energy Star certifications, Cornerstone at …
LIVINGSTON, N.J. — Sunrise Senior Living has opened the doors on Sunrise of Livingston in Livingston, approximately 20 miles west of Manhattan. The three-story property totals 86,000 square feet of space for assisted living and memory care. Although the number of units was not disclosed, Sunrise said the property can serve “more than 120 residents.” Lantz-Boggio Architects designed the property, which Wohlsen Construction Co. built.
MILLVILLE, EGG HARBOR TOWNSHIP and HAMMONTON, N.J. — New Standard Senior Living has completed development of three Medicaid-focused assisted living communities in South Jersey. All three communities feature individual (single-occupant-only) studio apartment-style residences. The Millville community offers 154 units while the second, Egg Harbor Township location offers 166 units. The last of the initial three communities, located in Hammonton, is nearing its completion with 174 units this spring. The communities are the first of their kind in the state of New Jersey, according to New Standard, and are designated to …
BRANCHBURG, N.J. — Walters has completed construction of the first building at Cornerstone at Branchburg, a 150-unit, age-restricted affordable housing community in Branchburg, approximately 25 miles west of Staten Island. Cornerstone at Branchburg is designed to attain LEED and Energy Star certifications. “We look forward to welcoming our first residents into their energy-efficient homes which will provide a healthy and affordable living environment with long-term savings on heating and cooling costs as well as improved indoor air quality,” says Joseph Del Duca, partner and director of affordable housing for Walters. …
ENGLISHTOWN, N.J. — JLL Capital Markets has arranged the $29.9 million sale of Royal Pines at Marlboro, an 89-unit active adult community in Englishtown, approximately 20 miles south of New York City. JLL represented the seller, a joint venture between GRJ and Castellan Real Estate Partners, in the sale to F.M. Ferrari Investments. Royal Pines at Marlboro comprises one- and two-bedroom units averaging 859 square feet. Although the property is restricted to residents age 55 and above, 20 percent of residents can be age 35 and older. The property was …
VERNON, N.J. — OneKey LLC has acquired several parcels on Theta Drive in Vernon, approximately 50 miles northwest of New York City, with plans to build an active adult community on the site. NAI James E. Hanson’s Dominic Fittizzi represented the buyer in the transaction. The seller, Theta 456 Associates, originally planned to implement another use on the site, but let its approvals lapse during the COVID-19 pandemic. OneKey plans to construct and retain the building while managing the property as part of its portfolio. Construction is slated to begin …
NORTHVALE, N.J. — Coldwell Banker has opened The Monroe and Madison Building at Paris Square, a 10-building, 111-unit active adult condominium community in Northvale, approximately 18 miles north of Manhattan. Anne Van Dyke from Coldwell Banker Realty’s Closter/Alpine Office and Coldwell Banker Realty New Homes announced the new building’s completion, and will also lead sales and marketing efforts. Prior to Coldwell Banker Realty New Homes’ involvement, Paris Square had undergone a 15-year construction process that had only resulted in the completion of half of its planned units. Years of no …
