October 12, 2015
CBD Real Estate Investment LLC as General Partner for its two investment companies Washington Station Investment Limited Partnership and Washington Venture Investment Limited Partnership has intervened in the proposed affordable housing plan of Washington Boro, Warren County New Jersey.
CBD seeks to include its 110 acre property off of Main Street (Highway 57) Nunn Road, and Mill Pond Road for the development of 540 three story garden style apartments, along with roughly 18 acres set aside for an expansion of the existing Washington Cemetery. For the housing, 20% of the rental units shall be set aside for affordable low and moderate income residents. This will help the Boro satisfy part of its estimated 225 affordable housing unit obligation. The housing development would be named “Washington Station.”
CBD and its affiliates have owned the land in the Boro for 20 years, and, the land is currently used for forest management. It is also leased seasonally to a local hunting club.
The company recently filed an intervention action to the Boro’s current affordable housing plan. CBD is represented by Carl Bisgaier, Esq along with planner Art Bernard and engineer Adams Rehman and Heggan. If approved the site could be under construction as soon as local, county and state permits are obtained.
CBD Real Estate Investment LLC 