Mt. Laurel Sun: Mt. Laurel Council Designates Redeveloper for Route 38, Ark Road and Fostertown Road Redevelopment Area at Latest Meeting

November 20, 2019 —

Willingboro-based real estate firm Delco Development presented their tentative plans for a mix of residential and commercial units on the property.

The Mt. Laurel Township Council held a regular meeting on the evening of Monday, Nov. 18, where a resolution was passed designating Delco Development LLC as a redeveloper for a portion of the redevelopment zone known as the Route 38, Ark Road and Fostertown Road Redevelopment Area.

During the meeting, representatives from the Willingboro-based real estate firm, including President Tom Juliano and attorney Richard Hoff, presented the firm’s tentative plans to develop a portion of the redevelopment area with residential and commercial units, including 120 age-restricted rental units.

The portion of the redevelopment area discussed at the meeting lays along Route 38 and consists of approximately 67 acres of land.

According to Hoff, the redevelopment area was first designated as such in 2018. The first iteration of the redevelopment plan called for a mix of commercial and residential units and has since been amended to include age-restricted affordable housing units.

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