The project known as The Lofts at Gloucester will bring 360 apartments and a hotel to a 28-acre site just east of Route 42 in Gloucester Township. — Courtesy: Edgewood Properties
By Joshua Burd
Construction is underway on a project that will bring 360 apartments and a hotel to a site that’s adjacent to Route 42 and just minutes from Camden County College in Gloucester Township.
M&T Realty, an affiliate of Edgewood Properties, will join Mayor David Mayer and other local officials on Wednesday to mark a ceremonial groundbreaking for what’s known as The Lofts at Gloucester, at 752 Davistown Road. The project by the Piscataway-based developer will transform 28 acres just west of Route 42, which includes the former site of a construction yard and parcels that were previously municipally owned.
In the process, it will bring “much-needed quality housing stock to the county and the region,” Edgewood Properties CEO Jack Morris said. He noted that residents of the site will have easy access to Philadelphia and Atlantic City via highways such as the Atlantic City Expressway and the New Jersey Turnpike.
“As fast as we build them, we rent them,” Morris said, noting that his firm is also planning a project about two miles away, which will bring additional rentals to a site that straddles Gloucester and Washington townships. “There’s a shortage of good housing in the state.”
He added that he and his partner in the project, Brian Trematore, have teamed on multiple projects in the state.
“This will be another spectacular residential project from M&T, a joint venture of Edgewood Properties, and a great addition in the growing Gloucester Township market,” Morris said. “This is a fantastic community, and we are thrilled to be a part of it. Mayor Mayer and his team have been outstanding to work with.”
Located across from the Gloucester Premium Outlets, the project is slated to include 144 one-bedroom and 216 two-bedroom units across multiple buildings, according to the developer. Plans also call for a 5,000-square-foot clubhouse, with an outdoor pool, a cabana, a business center and a fitness center.
Edgewood, which is still finalizing details of the hotel, completed extensive environmental remediation on the municipal-owned properties that were part of the parcel. The firm added that, as part of the project, Davistown Road is being widened, while sewer improvements are being made to accommodate the site.
“We are excited to welcome the Lofts at Gloucester Township to our municipality,” Mayor David Mayer said, adding that Edgewood “has a longstanding reputation of building high-quality communities, and this project will continue our economic development vision of job creation combined with modern living spaces and commercial development.”