Ground was broken recently for a $35 million senior housing development in Vineland, with city and state officials joining the developers, Eastern Pacific Development and Brookfield Construction.
The Newcomb Senior Housing Development is a two-phase project that will include two, four-story buildings for residents ages 55 and over. They will total 65 one- and two-bedroom units and approximately 60,000 square feet, the developers said in a news release.
The property is located at 66 S. State St., the site of the former Newcomb Hospital.
“Partnerships between the private sector, federal and state agencies, and the city are critical in addressing the need for more affordable housing,” Hans Lampart, CEO and president of Eastern Pacific, said in a prepared statement. “As Vineland residents get older, many want to continue living in the city they’ve known and loved for their entire lives. I am proud that we will soon transform this vacant lot into quality housing with the kinds of amenities our cities deserve.
“I want to thank Mayor (Anthony) Fanucci and the members of city council for their efforts in helping to bring this project to fruition.”
The project is being financed in part using federal Low-Income Housing Tax Credits in partnership with Enterprise Community Partners and the New Jersey Housing and Mortgage Finance Agency. TD Bank and Century Savings Bank are providing additional financing.
Construction on Phase I of the project is expected to wrap up in early 2023.