A joint venture has reached full occupancy at a new luxury apartment complex in Gloucester County, marking a milestone for a long-awaited mixed-use development.
Atkins Cos. and Woodmont Properties have signed three leases at a new 10,000-square-foot standalone retail building at their Washington Square Town Center project.
For a project that will bring more than 400 new apartments and townhomes to Gloucester County’s largest town, a joint venture is banking on the demand for health care services as a key driver of the property and a potential model for other mixed-use projects in the state.
As you’ll read in this month’s cover story, a joint venture is banking on health care as a key ingredient in a long-awaited, mixed-use project in Gloucester County. Consider that the 35-acre development, known as Washington Square Town Center, includes a 40,000-square-foot medical office building as a way to balance the amount of retail on the site. The plan also calls for a 110-bed assisted living facility, which will provide the tax revenue that might otherwise come from a more traditional commercial use.