Business & Finance

Lantern Hill Growing Steadily in New Providence

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NEW PROVIDENCE, NJ – Patricia Swan, Executive Director of Lantern Hill, spoke at the Borough Council meeting on Monday, Feb. 27 to give an update regarding the growing retirement community.

Lantern Hill community is experiencing “great progress” both on the construction front as well as with regard to filling the new apartment units, Swan said. The first (phase 1) building has 161 apartments. All apartments are sold and once the two final families move in, the building will be fully occupied. The residents started to move in in June. The second phase will add 114 apartments to the campus. These apartments are expected to be completed in early 2018. The marketing of these units is active and 33 percent of the units are already reserved.

The third independent living building will consist of 136 apartments. The current structure on the site of the future apartment building will be torn down shortly. The asbestos removal has already been completed, Swan said.

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In addition to the independent living units, the campus has 17 assisted living apartments and 28 memory care units which will open in March. All assisted living units are reserved. There are currently three reservations for memory care units and the facility is under a marketing campaign. Post-acute rehabilitation units and long term care suites will become available in June of this year. The rehabilitation units will be available for patients who may need prolonged physical care due to medical procedures, such as hip replacements.

Lantern Hill has already employed 140 staff members and is still looking to hire 60 more employees.

Swan explained that there have been no noise complaints from the neighboring residents since the second phase construction started. Lantern Hill is now working with a new construction firm – Whiting and Turner.

Some Candlewood Drive residents have expressed their concerns regarding the conditions of the newly planted trees that buffer the campus from the residential properties. Swan explained that those trees are under warranty and will be replaced if the need arises. Mayor Al Morgan complemented the Lantern Hill administration for being “very accommodating” when meeting with neighbors. “We strive to be good neighbors,” Swan replied.

Councilman Armand Galluccio was pleased to see that Lantern Hill residents are helping downtown businesses as they and their guests shop in local establishments. Swan noted that Lantern Hill just received their own shuttle bus and more frequent visits from the campus to downtown can be expected. 

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