Ingerman breaks ground on Burlington City apartment project

Joshua Burd//May 28, 2014//

Ingerman breaks ground on Burlington City apartment project

Joshua Burd//May 28, 2014//

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Construction is under way on a redevelopment project that will bring a 65-unit affordable housing complex to an underused industrial site in Burlington City.The developer, Ingerman, plans to rehabilitate an existing mill structure into a community center with 11 residential units above it, according to a news release. Five new residential buildings will be added to the 2.4-acre site at 505 Mitchell Ave.

Joined by local officials, the Cherry Hill-based firm marked the start of construction Tuesday during a groundbreaking ceremony. The project, dubbed “Apartments at the Mill,” will be within walking distance of shops and restaurants on Broad Street.

The New Jersey Housing and Mortgage Finance Agency provided the project with $1.7 million in permanent financing and awarded federal Low Income Housing Tax Credits, which generated some $12.1 million in private equity, according to an HMFA news release. The project has about $14.9 million in total development costs.

It’s another step in the movement to reawaken the city of roughly 10,000 on the Delaware River. The city council last year appointed a firm led by former Rahway Mayor Jim Kennedy, who oversaw revitalization efforts in his own city over two decades, to spearhead a redevelopment program.

In a prepared statement, Ingerman Chief Executive Officer Brad Ingerman said the ceremony “marks the start of construction on a development that will serve as an anchor for the area’s continued revitalization.”


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