Cornerstone at Branchburg, an age 55-plus and income-restricted apartment community in Somerset County, has achieved full occupancy, according to a Tuesday announcement from Walters, the property’s owner and developer. Located on the corner of Old York Road and Route 202, the 150-residence property was completed in early 2023.
“We are thrilled that our newest apartment development — with its modern amenities and services — was so well-received by the community,” Joseph Del Duca, partner and director of affordable housing for Walters, said. “Its success illustrates sustained demand for age-restricted affordable housing in the marketplace, and we are pleased to have contributed a new option.”
Situated on nearly 12 acres, Cornerstone at Branchburg consists of two three-story buildings that feature one- and two-bedroom apartments, ranging from roughly 700 to 900 square feet.
The combination of high-end design with affordability has garnered the development multiple industry awards. Shore Builders Association of Central New Jersey recently recognized it with eight industry awards, including the highly coveted Community of the Year. New Jersey Apartment Association also honored Cornerstone at Branchburg with the award for “Best Curb Appeal,” and Mid Atlantic Real Estate Journal named it Best Renovation/Under Construction in its “Best of 2022” program.
Cornerstone at Branchburg has incorporated sustainable design strategies to conserve resources as well as offer health advantages, according to Del Duca. Every apartment features energy-efficient appliances that lead to substantial energy savings over time.
Cornerstone at Branchburg offers a variety of high-end amenities, such as a state-of-the-art fitness center, computer workstations, pool table and outdoor areas with gas grills. Support services and programs are also offered to create a maintenance-free, easy lifestyle and healthy living experience for residents.
Rental rates at Cornerstone at Branchburg are income-restricted, with all the units available to those who earn 60% or less of the area’s median income. Rates are based on the renter’s gross annual income, according to the rent/income requirements chart.
