Township of Cranbury Minutes Regular Meeting 2026-04-27
Walters-Cornerstone Named Redeveloper, Funding Approved
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Description
Cranbury Township designated Walters-Cornerstone Development LLC as redeveloper for Block 5, Lot 18 and approved an Amended and Restated Development Agreement providing up to $30,000.00 in affordable housing trust fund loans. The agreement governs conveyance and redevelopment of the site for a multi-phase affordable housing project.
Contract Details
Contract Amount
Up to $30,000.00 total loan ($10,000.00 per phase)
Vendor
WALTERS-CORNERSTONE DEVELOPMENT LLC
Agency
Township of Cranbury, NJ
Contract Type
FINANCIAL_SERVICES
Document Date
April 27, 2026
Renewal Info
Amended and Restated Development Agreement supersedes portions of the June 26, 2025 Development Agreement by removing the original Family Premises site and substituting the new Redevelopment Project; duration tied to completion and long-term affordability controls, but no fixed renewal date stated.
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Township of Cranbury Minutes Regular Meeting 2026-04-27
AMENDEDCranbury Township Committee Regular Meeting Minutes April 2026
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Township of Cranbury Minutes Regular Meeting 2026-04-27
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