Eastern Pacific Development was recognized as the “Leading Neighborhood Revitalization Partnership” of New Jersey at this year’s Governor’s Conference on Housing and Economic Development. The award came in response to their development of the RiverGrove Family Apartments in Bridgeton, NJ which provides safe and affordable family housing.
The idea for RiverGrove sprung from the pressing need for affordable and flexible housing for families in the area. The project includes 68 meticulously designed units scattered over fourteen separate parcels of land on South Avenue, Grove Street, Spruce Street, and Ellis Street. Each unit includes a gas stove, refrigerator, dishwasher, and ample living space; and the community provides 24-hour emergency maintenance, dedicated off-street parking, and access to a community center.
This visionary project is the result of a fruitful collaboration between Eastern Pacific Development and two esteemed partners – the Cumberland Empowerment Zone and the Gateway Community Action Partnership. Financing has been made possible through various channels, including the New Jersey Housing Mortgage Financing Authority Program, a $3 million loan commitment from USDA, and support from the City of Bridgeton, Enterprise Community Investments, and TD Bank. This $20,300,000 development is poised to elevate the living standards of the community and families in the Southeast Gateway Neighborhood.
“We were thrilled to assist Gateway Community Action Partnership and the Cumberland County Empowerment Zone to redevelop this neighborhood,” said Hans Lampart, Founder, President, and CEO of Eastern Pacific Development, Brookfield Construction, and EPAC Management. “I am proud of my team, as their hard work and dedication helped bring a profound impact on the neighborhood. This project has achieved and maintained 100% occupancy which shows the stability of the neighborhood moving forward. We can’t be more thrilled to be a part of this transformation.“