Roseland-based law firm Mandelbaum Salsburg recently announced it has brokered a deal between Atkins Cos. and Woodmont Properties to develop Washington Square Town Center, a mixed-use redevelopment project in Washington Township, Gloucester County.Roseland-based law firm Mandelbaum Salsburg recently announced it has brokered a deal between Atkins Cos. and Woodmont Properties to develop Washington Square Town Center, a mixed-use redevelopment project in Washington Township, Gloucester County.
“Previously, Mandelbaum Salsburg introduced Woodmont Properties to a 300-unit multifamily project in Mount Arlington, which is nearing completion,” the firm said in a news release. “Atkins Cos. had owned and secured the approvals for the project and joint ventured it with Woodmont.”
The latest redevelopment project has been approved for 260 luxury rental units, 100 town homes, a 40,000-square-foot medical office facility, 30,000 square feet of retail space, a 110-unit assisted living facility and 70 affordable rental units.
Woodmont and Atkins closed title to the project in April of this year.
“We’re thrilled to work alongside Atkins Cos. to create another exciting community in one of South Jersey’s most desirable towns,” Eric Witmondt, CEO of Woodmont Properties, said. “Following the recent success of Woodmont West in Mount Arlington, we expect our collaboration with Atkins and Washington Township will result in a dynamic and vibrant town center that will meet the needs of the community.”
Plans for the apartment community include a clubhouse, fitness center, pool and subdeck.
Rothman Institute out of Philadelphia has signed a lease to occupy half of the medical office portion of the redevelopment project for 20 years.
“The retail component of the project will consist of 30,000 square feet captured in three 10,000-square-foot buildings adjacent to the medical office building and is envisioned as service-oriented users to synergistically interact with the balance of the mixed-use development,” Mandelbaum said in a news release.
Holmdel-based Sonnenfeld and Trocchia Architects designed the apartment portion of the project. Rotwein Blake designed the retail and medical office portion.
Woodmont is currently developing sites in South Amboy and Metuchen.