Construction on Walters’ new premium age (55+) and income-restricted apartment community has hit a major milestone, with the first residents set to move into Cornerstone at Branchburg this month, according to a Monday announcement.
Located at 1000 Cornerstone Drive, the sustainably designed community will offer 150 housing units when completed.
“We look forward to welcoming our first residents into their energy-efficient homes, which will provide a healthy and affordable living environment with long-term savings on heating and cooling costs as well as improved indoor air quality,” Joseph Del Duca, partner and director of affordable housing for Walters said.
Cornerstone at Branchburg is designed to attain LEED and ENERGY STAR certifications.
Residents are anticipated to start moving into the first building over the coming weeks while construction on the second building continues to progress rapidly. The phased development consists of two three-story buildings situated on 11.7 acres in Somerset County. According to the developer, the project broke ground in May 2021 and is projected to be completed this spring.
Seniors living in this premium apartment community will enjoy places to gather that include a state-of-the-art fitness center, computer workstations, pool table and outdoor areas with gas grills.
Apartment floor plans include one- and two-bedroom residences, ranging from approximately 700 to 900 square feet. Every residence features a full-size washer and dryer, fully equipped kitchens and window blinds in every room. A staffed social services coordinator will be available upon request.
Priority is given to residents with incomes at or below 60% of the area median income. Rental rates are based on the renter’s gross annual income, according to the rent/income requirements chart.
