MARLTON, N.J. — Walters has started construction of Cornerstone at Greentree, an affordable seniors housing community in Marlton, approximately 15 miles east of Philadelphia.
The 68-unit project, which is being built on 2.3 acres, is slated for completion in the first quarter of 2021.
The four-story building consists of one- and two-bedroom residences leased exclusively to residents over age 55 whose incomes are at or below 60 percent of the area median income. Rental rates are based on the renter’s gross annual income, according to the rent/income requirements chart.
Designed to achieve LEED and ENERGY STAR certifications, Cornerstone at Greentree provides an energy-efficient and cost-saving environment for residents.
A housing lottery will remain open for all units at Cornerstone at Greentree until Feb. 16. The first residents are expected to start moving into Cornerstone at Greentree in April 2021.
Historic Marlton is located in Evesham Township. Evesham was ranked among the top 10 towns to live in South Jersey in 2020 by South Jersey Magazine.
Walters will manage every aspect of a development from design and construction to onsite property management.