Toll had originally proposed an 800-unit project on more than250 acres, but that plan ran afoul of the New Jersey Department ofEnvironmental Protection, which deemed the site usage as being toodense. Final DEP approval of the revamped proposal is still pendingrelating to compliance with the state's Coastal Area FacilityReview Act (CAFRA), although that's expected to be a formalitybecause Toll's latest proposal was scripted to CAFRArequirements.

With final approvals, Toll officials say they plan to breakground in the first half of next year and deliver the first-phaseunits in the spring of 2005. Company officials have declined todisclose the total cost of the project.

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