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Willingboro Township Approves 129 Townhomes on Former Newspaper Site

Willingboro Township Approves 129 Townhomes on Former Newspaper Site

Willingboro, New JerseySource: Bisnow
MarketsPolicyZoning

A 12-acre site in Willingboro Township, New Jersey, formerly occupied by the Burlington County Times, has received approval for a new 129-unit townhome development. The project, proposed by Willingboro Townhomes AMC Dev LLC, will feature 18 three-story and two two-story buildings, with seven units designated for low- and moderate-income households. This approval addresses a critical need in Willingboro, a community that has seen limited new housing construction in recent years.

The site at 4284 Route 130 was home to the newspaper for five decades before its demolition in 2020. Willingboro, with a population of approximately 33,000, has experienced significant home price increases, with the median sale price rising from $250,000 to $353,000 over the last five years. The New Jersey Department of Community Affairs database indicates only 49 new housing permits were issued from early 2021 to early 2024. This development is recognized in Willingboro's Housing Element and Fair Share plan as the largest project aimed at diversifying housing inventory. For developers and investors, this project represents a significant opportunity in a market seeking to expand its housing options.

Topics

affordable-housingams-developmentburlingtonhousing-element-fair-share-planroute-130townhomeswillingboro-township

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