Cranbury Township School District Awards Construction Contract to Walters-cornerstone Development Llc (June 2025)

Scope & details

The full contract record, as filed.

Contract amount

$10,000 per phase for the Family Project and $10,000 for the Senior Project (maximum $30,000.00)

Contract type

CONSTRUCTION

Contract term

Affordable units to remain available to low- and moderate-income households for at least 40 years

Renewal

Initial development agreement covers construction and long-term (minimum 40‑year) affordability period; no renewal or extension options for additional terms are specified in the resolution.

Document type

Minutes

Source document

cranbury-township-committee-minutes-affordable-housing-ordinances-projects-jun-26-2025_380.md

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New Jersey Housing and Mortgage Finance Agency Agenda 537th Teleconference Board Meeting 2026-07-23

Township of Cranbury Minutes Regular Meeting 2026-04-27

AMENDED

Township of Cranbury, New JerseyUp to $30,000.00 in loans ($10,000.00 per phase)Apr 27, 2026

Township of Cranbury Minutes Regular Meeting 2026-04-27

APPROVED

Township of Cranbury, New JerseyUp to $30,000.00 total loan ($10,000.00 per phase)Apr 27, 2026

Cranbury Township Committee Regular Meeting Minutes April 2026

PENDING

Township of Cranbury, New JerseyApr 13, 2026

Somerset County Board of County Commissioners Regular Meeting Agenda December 2023

APPROVED

Somerset County, New Jersey$27,698.88 (less $1,384.94 withheld), plus $94.80 accrued interest; total not to exceed $26,408.74Dec 12, 2023

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the construction contract by Cranbury Township School District?

Walters-cornerstone Development Llc was awarded this construction contract by Cranbury Township School District, as recorded on June 26, 2025. The contract value is $10,000 per phase for the Family Project and $10,000 for the Senior Project (maximum $30,000.00).

How much is the Walters-cornerstone Development Llc contract with Cranbury Township School District worth?

The Walters-cornerstone Development Llc contract with Cranbury Township School District is valued at $10,000 per phase for the Family Project and $10,000 for the Senior Project (maximum $30,000.00), covering construction work.

What type of contract is this?

This is a Construction contract, documented as a minutes record.

Where was this contract approved?

This contract appears in cranbury-township-committee-minutes-affordable-housing-ordinances-projects-jun-26-2025_380.md (Minutes), dated June 26, 2025 from Cranbury Township School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Walters-cornerstone Development Llc hold?

Walters-cornerstone Development Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Cranbury Township School District currently buying?

Explore Cranbury Township School District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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