REBusinessOnline

Multifamily

Walters Group Breaks Ground for Income-Restricted Apartment Community in Delanco, New Jersey

Cornerstone-Delanco-NJ

Cornerstone at Delanco in Delanco, N.J., will feature 64 income-restricted apartment units.

DELANCO, N.J. — Walters Group has broken ground on Cornerstone at Delanco, an income-restricted apartment community located at 200 Rhawn St. in Delanco. Situated on 5.37 acres, the development will consist of eight two-story buildings with eight units each. Totaling 64 units, the property will feature three-, two-, and one-bedroom layouts. Amenities include private entrances, upgraded interior finishes, a half-court basketball court, a tot-lot playground and a community clubhouse with fitness center. Apartments will be leased to residents with incomes at or below 60 percent of the area median income. Walters Group estimates it will take 12 to 15 months to complete the development.

Tagged

Related Posts