Construction Starts on Cornerstone at Delanco, Next to Train Station

Walters Group has began construction on Cornerstone at Delanco, a new affordable apartment property next to the New Jersey Transit station in Delanco, NJ.

“The property is within walking distance to the River Line, which makes it ideal for commuters,” said Joseph Del Duca, partner and general counsel for Walters Group.

Plans call for 16 three-bedroom units, 36 two-bedroom units and 12 one-bedroom units. Apartments will be leased exclusively to residents whose incomes are at or below 60 percent of the area median income.

The vacant, 5.4-acre site at 200 Rhawn St. was once an old pipe factory, and is next to the Rancocas Creek. The 64 new affordable apartments should open in 12 to 15 months.

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