From left: Ed Walters Jr., president and founder of Walters; Branchburg Deputy Mayor Anna Columbus; and Joseph Del Duca, partner and director of affordable housing for Walters, were among those on hand for a recent ribbon-cutting ceremony at the firm’s 150-unit Cornerstone at Branchburg development. — Courtesy: Walters
By Joshua Burd
Walters has completed its newest age- and income-restricted housing project in New Jersey with the debut of a 150-unit multifamily property in Branchburg.
The developer joined state and local officials recently to unveil what’s known as Cornerstone at Branchburg, at 1000 Cornerstone Drive, after welcoming its first residents earlier this year. On display were amenities such as a community room with a billiards table, a fully equipped kitchen, a modern fitness center and outdoor areas with gas grills.
The two-building property is restricted to renters 55 and older and to those whose incomes are at or below 60 percent of the area’s median income.
“Thanks to all the people that made this happen,” said Joseph Del Duca, partner and director of affordable housing for Walters. “We’re extremely grateful to the township of Branchburg for their support from the start of this project. They’ve been a good partner to work with and we hope it will continue to be a long-term and happy relationship.”
The Barnegat-based firm held a ceremonial ribbon-cutting alongside Branchburg Deputy Mayor Anna Columbus, New Jersey Housing and Mortgage Finance Agency Credit Officer Michael Coe and Branchburg Police Chief Richard Buck. The event came as the property’s first building approaches full occupancy, offering a mix of one- and two-bedroom apartments ranging from some 700 to 900 square feet.
Each home has a full-size washer and dryer, a fully equipped kitchen, window blinds in every room and secure key fob access, according to a news release. Renters also have access to shuttle service, while a staffed social services coordinator is available upon request.
“Walters is proud to be delivering a high-quality apartment community where seniors can have access to safe and affordable housing in a supportive environment,” Del Duca said.
