OTHERAMENDED

Walters-Cornerstone Named Redeveloper for South River Road

The Township designated Walters-Cornerstone Development LLC as redeveloper for Block 5, Lot 18 and approved an Amended and Restated Development Agreement. Cranbury will loan up to $30,000 from its affordable housing trust fund and convey the site to support a three-phase, 165-unit affordable family rental project.

Status
AMENDED
Document date
April 27, 2026
Contract type
OTHER
Vendor
Walters-cornerstone Development Llc
Agency
Township of Cranbury · NJ

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Up to $30,000.00 in loans ($10,000.00 per phase)
Contract type
OTHER
Renewal
This action amends the 2025 Development Agreement with Walters to remove the former Family Premises and substitute the new redevelopment project at 1260 South River Road; future extensions would follow redevelopment law terms, which are not detailed here.
Document type
Minutes
Source document
Township of Cranbury Minutes Regular Meeting 2026-04-27

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Township of Cranbury?

Walters-cornerstone Development Llc was awarded this government contract by Township of Cranbury, as recorded on April 27, 2026. The contract value is Up to $30,000.00 in loans ($10,000.00 per phase).

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

The Walters-cornerstone Development Llc contract with Township of Cranbury is valued at Up to $30,000.00 in loans ($10,000.00 per phase).

What type of contract is this?

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

Where was this contract approved?

This contract appears in Township of Cranbury Minutes Regular Meeting 2026-04-27 (Minutes), dated April 27, 2026 from Township of Cranbury. 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 Township of Cranbury currently buying?

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

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