The former Echelon Mall in Voorhees, New Jersey is moving closer to redevelopment. However, the project depends on securing a $90 million tax credit from the State of New Jersey.

The property has been rebranded as Voorhees Town Center. The latest redevelopment plan calls for a major mixed-use transformation.

The proposal includes nearly 320 new residential units. It also includes the renovation of most existing retail space.

A new parking garage with more than 1,000 spaces is planned. In addition, the project would add parks and green space.

In October, the Voorhees Township Committee approved a redevelopment agreement. The developer is Hoboken Brownstone Co.

Company President George Vallone estimates the total development cost at approximately $220 million.

The site was damaged by a fire, which accelerated the push for redevelopment. Since then, local officials have prioritized a full site transformation.

If the tax credit is awarded this summer, construction could move forward. The project would bring housing, retail, and public space to a key South Jersey location.

*Article courtesy of Philadelphia Business Journal

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