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Conifer - A real estate development and management company

Vincent Jackson, Staff Writer
Press of Atlantic City

"The creation of a housing development of 99 low- and moderate-income rental apartments at New York Avenue and Harding Highway in Hamilton Township should be finished by July.

The construction project with a price tag of about $28 million started in June, said Charles M. Lewis, senior vice president for the developer, Conifer Realty LLC, Mount Laurel, Burlington County.

The development, originally known as Harding Homes, has been renamed Pinegrove at Hamilton, Lewis said.

“The cold weather slowed us down a little bit. Early on, we were a little bit ahead of schedule, so we had a little cushion built in. So, we are pretty much on schedule right now,” said Lewis, who added the plan was always 13 months for construction.

The apartments will be basically townhouses with some flats mixed in, Lewis said. There will be 15 one-bedroom, 51 two-bedroom and 33 three-bedroom apartments. Eight buildings with apartments are being constructed along with a freestanding clubhouse for the development’s residents to use.

There were no issues dealing with the Hamilton Township Planning Board during the approval process, Lewis said.

The New Jersey Housing and Mortgage Finance Agency is providing Hurricane Sandy funds for this project, Lewis said.

“We did a market study prior to acquiring the site, and it showed that there was a big demand for affordable housing in Atlantic County,” Lewis said. “We also have developments in Atlantic City and in Egg Harbor City, so for us it made a lot of sense from a management perspective because we already had a presence in the area.”

Conifer Realty LLC is responsible for the Meadows in Atlantic City, which was done in conjunction with the Atlantic City Housing Authority. The Egg Harbor City development is known as Conifer Village at Rittenberg. The company also was behind a housing project in Absecon known as Clayton Mill Run, Lewis said.

The developer is Conifer Realty LLC, but the contractor is a separate, but affiliated company, Conifer LeChase, Lewis said.

“We always keep our eyes out for good locations. A Realtor had brought this (piece of property) to our attention, and we really liked the site,” Lewis said.

Contact

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[E] contactus@coniferllc.com