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JAMM Realty Corp.

Cherry Hill, NJ: (Jun-17-07) Cherry Hill residents Gregory Bruno, Anne Einhorn, and Patricia Talcott filed suit against JAMM Realty Corp., a Central Jersey developer, over capital improvements to the township's 19 public schools. The suit sought to overturn a use variance the board granted the developer in 2006. The variance let the company build a maximum of 93 residential units on the 9.6 acre property even though it is zoned only for institutional uses such as places of worship, schools, and community centers.

In a settlement reached, JAMM Realty Corp. has agreed in principle to contribute $1 million to a specially created fund, which could only be used for capital improvements to the township's 19 public schools. The Bridgewater-based company intends to build a high-density townhouse project on the Chapel Avenue property now home to Congregation Beth El synagogue and Kellman Academy, a Jewish day school. Both are relocating to neighboring Voorhees, where most of their members live. As per the settlement agreement, JAMM Realty must still get site plan approval from the township's zoning board before it can develop the project, which could include as many as 77 upscale town homes and 16 affordable housing apartments. The settlement agreement lets the company move forward with its plans for the land, which it's contracted to buy from Beth El for $7.4 million. It also frees the zoning board from the litigation. [COURIER POST ONLINE: DEVELOPER ZONING]


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Published on Jun-21-07


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