The developer is Town & Country Developers at Clifton North,Inc., which recently bought the site from American Home Products,based in Madison, NJ. The developer is an affiliate of theinvestment firm, Whiteweld, Barrister & Brown of New York."This is an opportunity to build something in this market thatreflects what the market needs," says James Bovino, CEO of Town& Country. "Manufacturing has largely left the Northeast, butthe demand for housing is still strong. This is dormant land, andwe get to build in a market where land is tight."

According to Joseph DiBernardo, EVP and COO of Town &Country, Cambridge Crossings, as the project is named, will be agated community. It will take up to three years to complete, withthe first ready for occupancy next year. He expects it to attractmostly empty nesters, young singles and couples without children."Families don't typically buy in our developments," according toDiBernardo. The property, which is located at the intersection ofRoute 46 and the Garden State Parkway, should also prove attractiveto people who commute to New York.

Town & Country went to contract on the land back in 1997. Inthe three years since, city officials reviewed the project andgranted necessary approvals, including a zoning change that allowsfor the site to be redeveloped as residential. As part of the deal,the developer will donate more than $2.5 million to Clifton'saffordable housing fund.

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