Arbor says financing closed for 80-apartment Florham Park project
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The Arbor Company says financing has closed for Arbor Terrace Florham Park, a planned 80-apartment senior living community, and that construction is set to begin. The company’s Oct. 13 announcement does not say construction has started or give a start date. Braemar Partners’ project page also anticipates construction in 2026.
The planned community is at Columbia Turnpike and Elm Street in Florham Park. The company describes a joint venture between Braemar Partners and GEM Realty Capital, with The Arbor Company as operator.
The 80 apartments are divided among 29 assisted-living units, 24 Bridges memory-support units and 27 memory-care units, adding up to the announced total. The company projects an opening in late 2027, but that is a forecast, not a confirmed date.
Sources
- Construction Set to Begin on Arbor Terrace Florham Park Senior Living Community, Newswire.com; source identified as The Arbor Company
- Projects, Braemar Partners
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