Haddonfield selects Woodmont Properties to lead Bancroft Redevelopment project

Fairfield-based firm was selected following competitive RFQ/P process

Haddonfield’s board of commissioners recently adopted a resolution designating Woodmont Properties as the conditional redeveloper of an 8.2-acre parcel in downtown Haddonfield. Consisting of a portion of the former Bancroft Site along Kings Highway, the redevelopment area is located on the east side of Hopkins Lane, in the vicinity of Haddonfield Memorial High School and Pennypacker Park.

The borough issued a Request for Qualifications and Proposals for the acquisition and redevelopment of the area in May 2023. After a competitive process that culminated in the borough’s thorough evaluation of nine proposals from developers throughout the region, Woodmont was selected to lead the project.

“Woodmont Properties is a well-established, regional developer with an impressive track record of successful redevelopment throughout New Jersey, and we’re thrilled to have their partnership on this project,” Haddonfield Mayor Colleen Bianco Bezich said. “The borough has been focused on finding the best path forward for the Bancroft Site, and we are excited to work with Woodmont to make this a truly community-centered and welcoming gateway to our borough.”

“Haddonfield is a premier community in New Jersey, and Woodmont is honored to have been entrusted with the redevelopment of this important site in the borough’s Historic District, steps from downtown,” Stephen Santola, Woodmont’s executive vice president and general counsel, said. “We look forward to partnering with the borough and leveraging our expertise in redevelopment to transform the Bancroft Site and bring it to its full potential.”