This forum is provided for Hopewell Valley residents with concerns about proposed plans to redevelop the 25-acres known as Pennytown and the development of land owned by Kooltronic adjacent to Marshall’s Corner.
When the Township initially purchased the Pennytown site, the intent was a hamlet-style village for 70 affordable housing units and a community center, yet the development plan expanded to beyond what is sustainable for that area: the joint development up to 365 new residences — 70 affordable housing units and up to 255 market-rate homes — and 15,000 square feet of commercial space.
The Township had considered partnering in the larger development project with Kooltronic, a joint plan which is, for now, off the table. The Township must now decide how to move forward with the Pennytown site and its plans for affordable housing and a community center. In addition, Kooltronic has announced its plans to privately develop its land.
Over-development of this area wold have extreme negative impact on local water resources, the environment, traffic, available municipal services and the overall quality of life in Hopewell Valley. A guiding principle is to make sure that any development near Marshall’s Corner is appropriate for the environment and in accordance with the Master Plan.
- On October 28, 2013, the Township Committee announced their new plans to contract with Conifer Realty to build a rental apartment complex with 70 affordable housing units.
- On March 28, 2013, the Township Committee announced that it will not move forward jointly with Kooltronic on a redevelopment plan.
- The SUCCESSFUL ONLINE PETITION urging the Township Committee NOT to partner with Kooltronic on Joint Redevelopment CLOSED on March 28 with 844 signatures! Combined with 106 paper signatures, there were 950 voices against the Joint Plan.