New Jersey, October 20, 2025
A new luxury rental apartment complex with 375 units is currently being built near a major New Jersey mall. This development aims to meet the rising urban housing demand by offering high-end amenities and modern architectural designs. However, the project has sparked concerns regarding affordability as housing costs continue to rise in the region. Local residents and officials are closely monitoring the progress and implications of the construction, as reported by Yahoo.
Moorestown, New Jersey – Construction has commenced on a 375-unit luxury rental apartment complex, Pearl Apartment Homes, near the Moorestown Mall, addressing the increasing demand for upscale housing in the region. Developed by Bel Canto Asset Growth Fund, the project will feature a variety of one-, two-, and three-bedroom units, along with an array of high-end amenities.
The groundbreaking occurred on September 30, 2025, with preleasing set to start in summer 2026 and the first residents expected to move in during the fall. The location along Route 38 provides residents with convenient access to dining, healthcare, shopping, and entertainment at the nearby Moorestown Mall, as well as proximity to major employers like Lockheed Martin and Cooper University Health Care.
A standout aspect of the development is its dedicated parking garage exclusively for residents, addressing local parking needs. Amenities will include a resort-style swimming pool with a sundeck and spa, a modern fitness center with cardio and free-weight areas, a yoga studio, a gaming parlor, and a podcast studio. These features aim to enhance residents’ living experiences and foster community connections.
The chairman of Bel Canto emphasized the importance of Pearl Apartment Homes as a significant investment in South Jersey’s economic future. Moorestown’s mayor has also remarked on the project’s potential to expand housing options for the community, further supporting the township’s growth and future development goals.
This project is part of a wider trend in New Jersey, where multiple luxury rental developments are being launched to cater to the rising demand for high-end housing. Recent examples include KRE Group’s Beacon Hill in Marlboro, featuring 285 units, and the Journal Squared III project in Jersey City, a 58-story building with 598 luxury apartments and extensive communal amenities. Such initiatives illustrate the growing investment in upscale residential properties across the state to accommodate an increasingly diverse population.
Frequently Asked Questions (FAQ)
What is the location of the new luxury rental apartment complex?
The new luxury rental apartment complex, known as Pearl Apartment Homes, is located adjacent to the Moorestown Mall along Route 38 in Moorestown, New Jersey.
How many units will the Pearl Apartment Homes complex have?
The Pearl Apartment Homes complex will consist of 375 luxury rental units, offering a mix of one-, two-, and three-bedroom apartments.
What amenities will be available to residents?
Residents will have access to a range of amenities, including a resort-style swimming pool with a sundeck and spa, a modern fitness center with cardio and free-weight areas, a yoga studio, a parlor with gaming tables, and a modern podcast studio.
When is the expected completion date for the project?
The project is expected to begin preleasing in the summer of 2026, with the first residents anticipated to move in during the fall of 2026.
Who is developing the Pearl Apartment Homes complex?
The development is being led by Bel Canto Asset Growth Fund, a real estate investment firm specializing in residential projects.
Key Features of Pearl Apartment Homes
| Feature | Description |
|---|---|
| Location | Adjacent to Moorestown Mall along Route 38 in Moorestown, New Jersey |
| Number of Units | 375 luxury rental units (one-, two-, and three-bedroom apartments) |
| Amenities | Resort-style swimming pool, modern fitness center, yoga studio, parlor with gaming tables, podcast studio |
| Parking | Dedicated parking garage exclusively for residents |
| Preleasing Start | Summer 2026 |
| Expected Completion | Fall 2026 |
| Developer | Bel Canto Asset Growth Fund |
Deeper Dive: News & Info About This Topic
HERE Resources
Connell Company Breaks Ground on New Residential Tower in Berkeley Heights
Major Delays on North Jersey Routes Due to Crash and Construction
615 River Road Phase I Secures $225M Loan; Ferry Terminal Included
Birmingham Factory Reimagined as Mixed-Use Development
Embrey Breaks Ground on 296‑Unit Thatcher at Aureum Luxury Apartments in Franklin
San Antonio developer secures $65 million loan for Cool Springs luxury apartments
S3 Capital funds $255M loan for 615 River Road waterfront tower in Edgewater
Charleston Expands Health Sciences Facilities with Modern Upgrades
Private Capital Steps In as Banks Pull Back on New Construction
Marcus & Millichap Arranges $14.5M Construction Loan for Homestead Extra Space Storage
Author: NEW JERSEY STAFF WRITER
The NEW JERSEY STAFF WRITER represents the experienced team at constructionnjnews.com, your go-to source for actionable local news and information in New Jersey and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the New Jersey Build Expo, major infrastructure projects, and advancements in construction technology showcases. Our coverage extends to key organizations like the Associated Builders and Contractors of New Jersey and the New Jersey Builders Association, plus leading businesses in construction and legal services that power the local economy such as CMiC Global and Gibbons P.C. As part of the broader network, including constructioncanews.com, constructionnynews.com, and constructiontxnews.com, we provide comprehensive, credible insights into the dynamic construction landscape across multiple states.
