Can you still buy new construction in the Town of Quality? The short answer in 2026 is yes, more so than in any year in recent memory. Between a major apartment project at the Moorestown Mall, new townhome communities off Lenola Road, and steady single-family infill builds, Moorestown is finally adding genuinely new housing to its famously built-out streets.
This guide sorts out what is actually under construction, what it costs, and who it is for, so you can decide whether new construction in Moorestown makes sense for you. I am Bob Millaway, a local agent who has spent the last twenty years helping buyers and sellers navigate this market.
Why Is New Construction Suddenly a Big Story in Moorestown?
Moorestown is one of the most built-out communities in Burlington County. There are no vast open tracts waiting for master-planned communities. That is precisely why most new homes here are teardown rebuilds and infill projects rather than whole new neighborhoods.
What changed in 2025 and 2026 is the scale. New Jersey's affordable-housing obligations have pushed developers to build apartments and townhomes that include income-restricted units, and the long-planned redevelopment of the Moorestown Mall is finally breaking ground. Together these projects are adding the largest burst of new housing the town has seen in decades. For a full picture of how this fits the market, start with the new construction guide.
What Is Being Built at the Moorestown Mall?
The biggest single residential project in Moorestown right now is Pearl Apartments, a four-story, 375-unit apartment community being built on a roughly six-acre stretch of the mall's parking lot along Route 38, next to Boscov's. It offers a mix of one-, two-, and three-bedroom units, with about 75 of those set aside as affordable housing.
The developer broke ground in late September 2025, and construction has been underway through 2026, with pre-leasing scheduled to begin in summer 2026 and first move-ins expected by fall 2026. Affordable units are filled through a lottery, with published rents in the low hundreds of dollars a month for qualified households, far below market-rate.
The mall redevelopment is bigger than housing alone. The former Sears building is being converted into a Cooper University Medical Center outpatient facility, which will bring steady traffic and jobs to the Route 38 corridor. That mix of apartments, medical offices, and retail is exactly the kind of mixed-use density planners have wanted on the site for years.
The rental market matters to buyers too, because the more rental supply Moorestown has, the less pressure there is on the for-sale side. For the current numbers, see the Moorestown real estate market hub.
Where Are the New Townhomes in Moorestown?
For buyers who want a brand-new home at a lower price point than a detached house, new townhomes are the main option. There are two notable new attached communities to know about.
Villages at Moorestown. Built by Ryan Homes off Lenola Road at 1 Domenica Drive, this is a community of two- and three-story townhomes with three or more bedrooms, priced very roughly in the $490,000 to $610,000 range depending on plan. It sits in the Moorestown school district, which is a meaningful draw for families who want the town's schools at a more accessible price. Some units in the community are income-restricted affordable condos.
The Enclave at Moorestown. On Centerton Road, a second new townhome community from D.R. Horton has been coming online, with the four-bedroom Crofton plan listed around 2,313 to 2,943 square feet and pricing roughly in the $770,000 to $810,000 range. This is a 64-unit site, and about 13 of those units are set aside as affordable.
Prices and availability change quickly on new builds, so always confirm current released plans and pricing with the builder before you plan around them. To compare new attached homes against the established resale market, my townhouse market guide breaks down the full range of options.
What Affordable New Construction Is Available in Moorestown?
A meaningful share of Moorestown's new housing is income-restricted, which is good news for workforce buyers and renters. The affordable units at Pearl Apartments fill through the township's lottery, and the affordable condos within the new townhome communities are sold to qualified buyers at restricted prices.
There is also a mixed-income development at 350 Borton Landing Road with roughly 75 income-restricted apartments alongside 75 market-rate apartments and townhomes. And the 76-unit Harper community near the Town Center, which opened in 2025, has been absorbing qualified residents through the same township process.
The catch with affordable units is timing. Lotteries and waitlists open in waves, applications are income-verified, and windows close quickly. If you qualify, the payoff can be substantial, so it is worth staying on top of the township's affordable housing page and my Moorestown FAQ, which I keep current.
What About Custom Homes and Teardown Rebuilds?
For buyers who want a brand-new detached house in the heart of the town, the classic Moorestown approach is the teardown rebuild: buy a dated home on a great lot, tear it down, and build the house you actually want. This is how much of the town's premium housing stock gets refreshed, and it is common in the historic district and around the Country Club.
A realistic all-in figure for land plus construction in these established areas runs from the low seven figures up to several million, and the process takes time. New construction in or near the Historic Preservation District must be reviewed by the Moorestown Historic Preservation Commission, so plan for an 18- to 24-month timeline in most cases. It is not a shortcut, but it can be the only way to get a brand-new home on one of the town's most desirable streets.
If a custom build is more than you need, the housing options guide walks through every way to buy in Moorestown, from new construction to resale to attached living.
Will All This New Supply Change the Market?
Realistically, no. A few hundred apartments and a couple of hundred new townhomes are not enough to move a market where the median home price sits in the $700,000 to $800,000 range and demand keeps outstripping a chronically low supply. What new construction does is widen the entry point, giving first-time buyers and renters a realistic on-ramp they have not had in years.
For sellers, the message is simple: a buyer considering your three-bedroom starter home now has a brand-new alternative, so condition and pricing matter more than ever. The homes that show best and price honestly still sell quickly. For the latest data on where things stand, my market forecast is updated regularly.
Frequently Asked Questions
Is there new construction in Moorestown right now?
Yes. The biggest project is Pearl Apartments, a 375-unit community at the Moorestown Mall redevelopment, and there are new townhome communities off Lenola Road and Centerton Road, plus custom teardown rebuilds throughout the town.
How much does a new construction home cost in Moorestown?
New townhomes run very roughly from the $490,000s to the $610,000s for the Lenola Road community and into the $770,000 to $810,000 range for the Centerton Road community, depending on plan. Custom teardown rebuilds on premium lots typically start in the low seven figures. Prices change, so confirm current releases with the builder.
Is the Moorestown Mall being redeveloped?
Yes. The mall is being transformed into a mixed-use district. The Pearl Apartments residential phase is under construction, and the former Sears building is being converted into a Cooper University Medical Center outpatient facility.
How do I apply for affordable housing in Moorestown?
Affordable units, including those at Pearl Apartments and within the new townhome communities, fill through the township's income-verified lottery process. Application windows open in waves and close quickly, so check the township's affordable housing page regularly and have your income documentation ready.
Should I buy new construction or an existing home in Moorestown?
It depends on your priorities. New construction gives you modern systems, a warranty, and no immediate repair surprises, but it costs more per square foot and takes time. Existing homes in the established neighborhoods offer mature lots, character, and immediate move-in. If you want a brand-new detached house, a teardown rebuild on a great lot is often the best of both.
Can I build a custom home in the historic district?
Yes, but new construction in or near the Historic Preservation District must be reviewed by the Moorestown Historic Preservation Commission so the design fits the character of the neighborhood. That review adds time to an already long process, so plan for an 18- to 24-month timeline.