Burlington-Camden County NJ Real Estate

Development of the Pennsauken Mart Site

Posted at 2:41 PM, Feb. 14, 2006

In a press release published in SouthJersey.com, plans are in the works to develop a magnificent complex with 700 townhouses and condominiums, a hotel, conference center, amphitheater and upscale shops with underground parking.

The eyesore cinder-block building will be demolished within the next six months to make way for the new Crossroads development. The 35-acre site is situated at the northwestern corner of Camden County, near the Burlington County border, at the intersection of Routes 130 and 73.

Freeholder director Louis Cappelli Jr. says that the project – expected to take three to five years – incorporates smart growth principles by including a shuttle to the nearby River Line rail station on River Road and making the best use of the highway system.

Officials from Beazer, the developer, said proximity to Philadelphia – roughly a five to 10 minute drive from the Crossroads – is one of the major marketing advantages for selling the homes in the range of $250,000 to $350,000.

For the complete article go to:

http://southjersey.com/articles/?articleID=14313

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Ardell from Seattle real estate blog

Posted by ARDELL DellaLoggia at 9:48 PM, Feb. 14, 2006

I lost my daughter at the Pennsauken mart once...found her of course. My Mom and I were frantic!

Zillow Zestimated one of my previous homes at 82 Partridge Lane in Cherry Hill at only $184,000! I sold it for $175,000 in 1991. It can't possibly have gone up less than $10,000 in 15 years, can it?

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Cherry Hill Home Price

Posted by P. Erickson at 12:26 AM, Feb. 15, 2006

I did a quick comparable with the public records and found 8 Sandringham Ter. It is about 0.4 miles away, however, not in the same development as 82 Partridge Ln. 8 Sandringham sold for $350,000 May 27th of 2005. In today’s market, without actually seeing the house, I would think 82 Partrige would sell for almost double the Zillow Zestimation.

Bart Erickson
The HouseJeanie Team

Edited by HouseJeanie on February 15, 2006 at 12:28 am

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