The project known as Alina Apartments will bring a collection of one, two- and three-bedroom rentals with a 5,700-square-foot resort-style clubhouse to a long-vacant site on Route 130 in Delran. — Rendering/photo courtesy: Weiss Properties
By Joshua Burd
Weiss Properties has closed on a $50 million construction loan from Amboy Bank for a project that will bring 240 luxury rentals to the Burlington County township of Delran.
The New Brunswick-based developer announced the deal on Tuesday, noting that site work is nearly complete at the tract that will house Alina Apartments at Route 130 and South Fairview Street. That sets the stage for a development that will open around summer 2026, delivering a collection of one, two- and three-bedroom homes with a 5,700-square-foot resort-style clubhouse, bringing new life to a long-vacant parcel in the town’s retail corridor.
Amboy Bank will also provide the project’s permanent loan, continuing a relationship that began 38 years ago and financed hundreds of apartments in the region.
“This is an exciting moment for our company and for our longtime friends at Amboy,” said Robert Weiss, founder and president of Weiss Properties. “Amboy financed my very first multifamily construction loan 15 years ago — 450 apartments in South Jersey — and here we are, still building together, still creating communities we’re proud of.”
In announcing the deal, Weiss noted that Alina’s amenities will include a pool, a fitness center with a yoga room, a coworking lounge, a club room, a grilling area, a dog park and a children’s play park. The firm also plans to program the property with complimentary fitness and pool classes, yoga sessions and community holiday events — all designed to foster connection, wellness and belonging.
“We have a great relationship with Robert, one that started with my father,” said Greg Scharpf, president of Old Bridge-based Amboy Bank. “He knows his portfolio inside and out, he is hands-on and is never looking to bet the farm or the bank. He’s conservative — and that’s exactly what banks love.”
Weiss, meantime, joked that the firm “didn’t even wait for the ink to dry before getting started.”
“I like to be busy — and I like to be building,” he said. “This is what we do.”
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