Erickson Retirement Communities has two developments already up-and-running in New Jersey.
Cedar Crest in Pompton Plains (Morris County) is described as located "up the mountain."
and Seabrook in Tinton Falls (Monmouth County) is described by a Tinton Falls resident as "off by itself near the outskirts of town...Mostly woods around it."
These two developments are similar in size to the one that Erickson is hoping to propose in Hillsborough, but unlike these two the Hillsborough development would have 4-or-5-story buildings as close as a few hundred feet from the nearest homes.
Okay all you real estate moguls, what are the three most important things about a property? Location, location, location.
And the location can be good. Or really, really bad.