Jefferson Apartment Group (JAG), along with SpringHarbor Financial Group and equity partner H.I.G. Realty Partners, has started construction on a new Class A multifamily community in the Philadelphia suburb of Burlington, New Jersey.
Situated on 40 acres, the 500-unit rental community will span 20 buildings, including three four-story elevator buildings, 11 three-story walk-ups with breezeways, and six four-story stacked townhome buildings. The community, which is expected to be completed in the first quarter of 2026, will be comprised of 400 market-rate and 100 affordable units.
“The start of construction for any development project is no small success,” said JAG vice president and development partner Drew Chapman. “The investment climate has been challenging, and multifamily transactions overall have slowed for many of our peers in the industry.”
JAG has been active in the greater Philadelphia area, including two additional projects under construction—the 470-unit Rivermark Northern Liberties mixed-use community along the Delaware River in Philadelphia and the 310-unit J Veridian at Upper Dublin in Fort Washington, Pennsylvania.
Designed by Bernardon and being built by IMC Construction, the new Class A community in South New Jersey will be high amenitized, with two stand-alone clubhouses, two courtyards with swimming pools, walking trails, pickleball courts, a putting green, a playground, two fire pits, a dog park, and electric vehicle charging stations.
The two clubhouse buildings will comprise about 11,000 square feet. A grand clubhouse will feature a fireplace lounge, a bar with ample seating areas, gaming, and private co-working stations. Residents will have access to a fitness center, a yoga studio, and a relaxing lounge in the wellness clubhouse.
The community will offer a diverse assortment of product types. Forty-eight units will be two-over-one townhouses with garages, and the remaining units will comprise a mix of one-, two-, and three-bedroom apartments, some with den or loft options. Interiors will include quartz countertops, plank flooring, tile backsplashes, and stainless steel appliances.
“The continued relationship with SpringHarbor Financial Group and the new relationship we have forged with H.I.G. Realty Partners is the testament to the exceptional quality of this development plan along with the strength of the JAG team and our portfolio—and we look forward to growing our partnership,” added Chapman.
