Wondering what's been going on with the construction site on the western side of Lighthouse Drive in Barnegat next to the CVS? Here's an update.
Barnegat's Planning Board recently approved the construction of 148 age-restricted two-bedroom condominiums on Lighthouse Drive, near the future site of the Barnegat Crossing shopping center and age-restricted apartment community.
The condominium community, called "Barnegat Crossing II," will be limited to residents age 55 and older and will include an outdoor pool and clubhouse within Barnegat's fast-growing neighborhoods west of the Garden State Parkway.
The latest approval marks a trend that will bring hundreds of new residents to this once forested section of the township.
Major development projects in Barnegat stalled over the last decade as a result of the economic recession of 2008 and 2009, but the township's luck has changed, Mayor Albert Bille said. “Now the builders are finally coming and breaking ground, because they see a lot of potential in Barnegat right now," he said.
Construction on the mixed-use Barnegat Crossing shopping center – where 151 age-restricted apartments will be erected over groundfloor restaurants and shops – is already under construction, he said.
“The steel is up. Concrete is being poured as we speak," Bille said. “I definitely think you’ll see by summer some major progress."
The township Planning Board on Tuesday unanimously approved plans by Cardinale Enterprises of Jackson to build Barnegat Crossing II on a nearly 10-acre parcel on Lighthouse Drive. Cardinale owns both the Jackson Crossing shopping center and condominium properties. The company also owns and operates Jackson Crossing and has plans to build another commercial development on Route 33 and Millhurst Road in Manalapan.
“We’re hoping it (Barnegat Crossing) will be a jewel for the town," Bille said.
The mayor said the project will provide more housing choices for seniors and restaurants and shops for all of the town's residents.
Another 634 age-restricted homes are already complete or are underway west of the Parkway, Bille said. The building boom in this part of the township is expected to raise more than $5 million a year in property taxes for the township, without burdening the local schools with new students, he said.
"Barnegat has become a very desirable place to live," said Bille. “If you need to increase ratables, they (age-restricted communities) may be one of the best – if not the best – ratable to have.”
As always, thank you for your time and feel free to get in touch if you have any questions about buying, selling or investing in real estate in Barnegat. Karl Hess, Keller Williams Shore Properties - #1 Real Estate Office in Ocean County