Pennrose Debuts NJ Senior Housing Redevelopment
MultiHousing News | April 13, 2018
Pennrose Properties and Middlesex County have opened the Residence at Roosevelt Park, an independent living community in Edison, N.J. The property is a $25 million adaptive reuse and historic renovation project of the former Roosevelt Hospital, built in 1937 as part of President Franklin D. Roosevelt’s New Deal. The community is age restricted to seniors over 62 and features 84 one- and two-bedroom floorplans. Veterans have preferred status for up to 25 percent of the units, five are designated for the formerly homeless and six will serve individuals with disabilities.