One word kept coming up during a review of a planned upscale apartment complex at Sycamore Street and Richboro Road. And that word was “density.”
BET Investments, a real estate management and development company owned by Bruce Toll, attended the August planning commission meeting seeking input on its plans to redevelop the Corners at Newtown Place with a 120-unit luxury apartment building with an interior parking garage.
The plan calls for the demolition of a series of stand-alone commercial and retail buildings on Cambridge Lane and the construction of a three-story apartment building that would wrap around a multi-level interior parking garage and have direct access to a common hall and a private, outdoor pool and recreation area.
"We have a project that would require multiple variances from the zoning hearing board. Instead of seeking those variances, we crafted an amendment that we believe addresses the items of zoning relief that would be required for the project and would allow us to proceed in some fashion," land use attorney Matt McHugh told the planners.
According to the draft ordinance submitted by BET, a new use - Parking Core Apartment Building - would be added to the zoning ordinance.
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