Cherry Hill Plaza Grande Complete After 25-Year Delay
The Initial Development and Ownership Changes In the early 2000s, D.R. Horton embarked on the Plaza Grande project. This was part of a $1 billion master plan, following their acquisition of a critical 33-acre portion of the former Garden State Park racetrack. The vision was to create a luxury condominium community for residents aged 55 and over. These plans were central to a broader 330-acre redevelopment initiative. However, the 2008 financial crisis brought progress to a halt. Ownership changes further delayed construction outcomes. The inventory surge in the housing market further exacerbated delays, as developers struggled with the economic instability of the time. The complex is located at Haddonfield Road and Chapel Avenue in Cherry Hill, NJ, which is considered an "amazing location" due to its accessibility to retail and recreational facilities. Turnberry Homes acquired the project but soon passed it on, leading to involvement from multiple developers over the years....