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Developer says homes priced $385K–$410K as Paulsboro council approves sale of vacant lots
Summary
Council adopted an ordinance selling multiple borough lots to NJ Offer LLC for redevelopment; company representatives said financing is secured and new homes would target $385,000–$410,000 sales prices. Council discussed zoning and potential amendments to remove specific lots from the sale.
The Borough Council on June 9 adopted Ordinance 26.09 to sell various borough properties to NJ Offer LLC under redevelopment agreements. Company representatives told council they have secured financing and expect new homes constructed on the sites to sell in the $385,000–$410,000 range. Council members asked about project management, engineering needs for some parcels, parking, and whether basements would be built; the company indicated some lots would not have basements and that driveways were planned for some properties.
Councilmember questions also touched on whether properties along Delaware and Broad Streets had been intended for commercial use; the developer said the vacant lots have been on the market for years and the company will account for existing houses when planning. Council discussed the option of amending the ordinance to remove up to three properties if needed; the ordinance was adopted on second and final reading.
