TOMS RIVER – Two six-story apartment towers, which supporters and opponents both agree will transform downtown Toms River, received the green light Wednesday night from the township’s Planning Board.
“This project is key to the economic revitalization of downtown Toms River,” Planning Board Chairman Ronald Heinzman said before voting “yes” on the project, which was approved by a 6-to-0 vote following a four-hour-long public hearing.
Capodagli Property Co. plans to build the two apartment buildings on land formerly occupied by the Red Carpet Motel, at Main and Water streets in the downtown. The units will contain 281 apartments and about 14,800 square feet of retail space.
