Assisted Living Facility Desired for Route 130 Plot
A real estate professional is hoping to bring in a developer to open a healthcare facility for senior citizens.
A commercial real estate professional is searching for a developer to turn an empty plot of land along Route 130 into an assisted living facility or nursing home.
The privately owned land, near the Walmart shopping center, has been on the market for seven years. Jeffrey Lucas, with Rose Commercial Real Estate, said a healthcare facility is what the corridor needs.
“We looked at the Route 130 corridor and we haven’t seen any new assisted living or nursing home building in many, many years,” said Lucas.
The project is in its infancy; in fact, there is no project yet. When the property owner wanted to act on the land, Lucas said he drew three circles. One is what will fit into the space. The second is what will the market support. The third is what the governing body will support.
“Where they overlap, we can make something happen,” Lucas said. “With the township’s support, we will go out to market the property and talk to developers all over the country and bring in the best quality [one] that we can find to do the best quality product.”
The lot is four acres and used to be home to an industrial building that housed bank records.
“We’re now looking for the next generation,” Lucas said.
The proposed concept is for a 40,000-square-foot, four-story, assisted living/nursing home. It could also be home to a special needs center or other medical use, Lucas said.
According to a concept plan drafted by Stout & Caldwell Engineers, there would also be a senior garden area and basin area near Union Landing Road.
Parking would be behind the facility.
Since the property is in a redevelopment zone, a special redeveloper’s agreement would need to be negotiated and finalized.
“This property is strategically located to serve,” Lucas said. “We looked at the Delran, Moorestown and Cinnaminson communities. What’s interesting about this is that people that are in this age category (75 and older), they wind up in a facility close where their children live.”
Lucas said since there isn’t many facilities like this around—the seniors can stay local with this facility.
Similar facilities, Lucas said, include Brightview in Marlton and Brandywine in Moorestown.
“What we’re looking to do is promote a diversity of use,” said Deputy Mayor Anthony Minniti who serves as the director of economic development. “We don’t have anything like this. It’s one more different and new option—that sort of mix we’re looking for on Route 130.”
Stay with Patch as we exclusively bring you this story.