X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SOUTH BRUNSWICK, NJ-The planning board of this Middlesex County township in Central New Jersey has given its approval for a 349-unit adult retirement development in the Little Rocky Hill section of the community. The developer is Toll Brothers, based in Huntingdon Valley, PA, one of the country’s biggest homebuilders.

The approved project is actually a scaled-back version of Toll’s earlier proposal, which would have entailed 475 units on 225 acres. As part of its agreement to reduce the number of units, a response to concerns about traffic and access, Toll will also set aside about half of the site as open space, according to officials.

The larger proposal dates back four years and, in the interim, the township had considered buying the tract for open-space preservation. That effort failed when the township couldn’t agree on a sale price with the site’s nearly 20 different owners.

No timeframe for the project was disclosed, although local and company officials indicated that build-out could take several years.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. APARTMENTS SPRING 2021Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.