JV ACQUIRES 370 ACRES FOR THE RICHWOOD VILLAGE
HARRISON TOWNSHIP, N.J. — Madison Marquette, a Washington, D.C.-based developer, and New Jersey-based Canuso Communities, have formed a joint venture to acquire 370 acres in Harrison Township to build a mixed-use development. The Richwood Village will include a 300,000-square-foot town center, approximately 700,000 square feet of retail, office and commercial space, and 1,200 multifamily units. The development is located 20 minutes from Philadelphia, as well as nearby Rowan University and the South Jersey Technology Park. Completion is slated for fall 2010.