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Please Note:

This page has been updated to reflect the economic analysis as revised 11/19/24 by Otteau Group. Full report will be available at the community open house.

Residential Development

By the Numbers

Cash in Hand
$3,198 increase on real estate taxes per household annually
Museum
-$5,961,000 annual impact on municipal and school district budget
Constructing
425 construction jobs
Fork Lift
0 permanent jobs created
Adopted Boy
1,031 new residents (15% population increase)
Student Male
250 new students (~30% enrollment increase)
Traffic Jam
161 peak PM hour passenger vehicle trip generation
Shopping Bag
$1.25M additional revenue for local businesses from new customers

Development Benefits

Location on the outskirts of town

Quiet location in the Perryville Corporate Condominium - in a less congested part of town.

Capacity to settle the entire housing quota

Our property is large enough to develop 316 residences, which will fulfill the township's state requirement of 305 affordable homes.

Set to begin construction immediately

The lot is already zoned for residential development. Shelbourne is prepared to proceed upon site plan approval.
Map of lot

Other perks of the planned development

User Groups

Fostering a more inclusive community

Profit

Expansion of local tax base

Price Tag

Boosting Local Spending

We have prioritized efficient land use through smart planning while designing affordable, sustainable, and green homes that meet the needs of both residents and the environment.

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