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Downtown Developer Plan Proposes Massive 1,000 Unit, 7 Story Apartment in Downtown Toms River

TOMS RIVER-Architectural renderings provided to the Township of Toms River by the Capodagli Property Company, which was hired by the township to construct a massive 7 story, 1,000 unit apartment complex between Water Street and Herflicker Boulevard have been acquired by Shore News Network.

These plans have not yet been released to the public, but represent an increase of 500 units at the proposed Capodagli Meridia Toms River.   Capodagli was the sole bidder on a project that would build apartment buildings on township-owned land.

The project, which was originally described as a 500 unit complex with first floor retail shops has undergone a transformation in Capodagli’s latest plan.  Now the building will include two floors of parking garages and 5 stories of apartments encompassing nearly the entire available plot.  The latest rendering removes the township boat slip access to the Toms River and also depicts a retail structure at the site of the former Red Roof Inn, which was said to be turned into a waterfront park space.

The project has been a source of debate between Toms River mayoral candidates Jonathan Petro and Mo Hill, surfacing once again in last week’s election debate.

Hill said in the debate that Capodagli was the only developer that showed interest in the township’s plan.  Hill said no other developer would develop such a project in southern Ocean County.

“There were four packets picked up. Three of those people told us quite frankly they wouldn’t come south of Bricktown,” Hill said.

Petro said that he doesn’t oppose the plan to redevelop the downtown project, but said he’s not sure whether starting with large apartment projects will be the answer.

 

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