Borough of Haddonfield Awards Construction Contract to Woodmont Properties (February 2025)
Borough of HaddonfieldCity · Haddonfield, NJ- Disclosed value
- $4.3 million (purchase price); PILOT for 30 years on gross revenues
- From minutes
- Approved
- Feb 10, 2025
The 30-second brief
The Borough of Haddonfield approved a Redevelopment Agreement and Purchase and Sale Agreement with Woodmont Properties for a portion of the Bancroft site, selling six acres for $4.3 million. The project will create 98 residential units under a 30-year PILOT structure and requires planning and historic preservation approvals plus repaving of Hopkins Lane.
Woodmont Properties holds this construction contract with Borough of Haddonfield. Its other public contracts on record include work for Township of Middletown and Haddonfield School District.
Term as filed: 30 years PILOT; subdivision and approvals expected within 18–24 months after subdivision.
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Contract details
- Contract type
- Construction
- Amount
- $4.3 million (purchase price); PILOT for 30 years on gross revenues
- Document date
- February 10, 2025
- Term
- 30 years PILOT; subdivision and approvals expected within 18–24 months after subdivision
- Vendor
- Woodmont Properties
- Agency
- Borough of Haddonfield
- Source document
- Borough of Haddonfield Commissioner Meeting Minutes 2025-02-10 (Minutes)
Woodmont Properties's other public contracts
More Borough of Haddonfield contracts
Questions about this contract
Who was awarded the construction contract by Borough of Haddonfield?
Woodmont Properties was awarded this construction contract by Borough of Haddonfield, as recorded on February 10, 2025. The contract value is $4.3 million (purchase price); PILOT for 30 years on gross revenues.
How much is the Woodmont Properties contract with Borough of Haddonfield worth?
The Woodmont Properties contract with Borough of Haddonfield is valued at $4.3 million (purchase price); PILOT for 30 years on gross revenues, 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 Borough of Haddonfield Commissioner Meeting Minutes 2025-02-10 (Minutes), dated February 10, 2025 from Borough of Haddonfield. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Woodmont Properties hold?
Woodmont Properties may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Borough of Haddonfield currently buying?
Explore Borough of Haddonfield's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.