Developer drops Westville plan
source www.courierpostonline.com
Fieldstone Associates said the weak housing market doomed its $50 million project, which had called for 253 condominiums and 15,000 square feet of retail space.
Because housing prices have fallen sharply, Fieldstone no longer could afford the cost of required infrastructure improvements, including road improvements needed to end flooding in the area, said Art Corsini, a principal in the Doylestown firm.
Borough officials will "assess all of our options," Council President Russell Welch Jr. said in a statement. He said officials will "measure community interest" as they examine "the feasibility of alternative projects of various size and scope."
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