TOMS RIVER, NJ—Construction is progressing on a 102-unit income-restricted rental community for seniors to be named Cornerstone at Toms River. The new community will fill a tremendous need for seniors (55 +) housing in the township as well as give priority to Sandy-impacted residents, according to the Walters Group. The residential project is expected to be completed by mid-2017.
Walters Group is building the seniors housing community on an 11-acre site at the intersection of Massachusetts Ave. and Cox Cro Road, which will remain largely wooded and preserved. The property sat idle for many years because of environmental constraints before Walters gained necessary approvals. Cornerstone at Toms River is registered with the US Green Building Council and will pursue certification under the LEED® (Leadership in Energy and Environmental Design) program.
“It's important to provide affordable housing for seniors who want to remain in our community,” says Ed Walters Jr. “There's a great deal of need out there especially from older people who are trying to downsize and reduce expenses and maintenance responsibilities.”
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