Developed by Barnegat, New Jersey-based Walters Group after a permitting process that lasted close to three years, Stafford Park is a 370-acre mixed-use project under construction in the New Jersey Pine Barrens on the site of a former landfill. Walters will seek LEED certification for each of the buildings in the development, which is to include 650,000 square feet of retail, 667 residential units, and 25,000 square feet of office space. 112 of the residential units will be set aside as affordable housing.
Earlier this week, Walters announced that it has installed a temporary test tower to evaluate the site’s potential for producing wind power in cooperation with the Rutgers University Institute for Marine and Coastal Sciences. The wind power project is part of an overall renewable energy initiative at the development that also includes a solar farm. Most of the retail portion of the project should be complete by this summer; Target has already signed up to be the main anchor tenant.
Walters was founded in 1984 as a single-family custom homebuilder, but now mainly operates in southern New Jersey’s Ocean County as a developer of a variety of residential and commercial projects.