Edison, NJ — The Residence at Roosevelt Park, a renovation and adaptive-reuse of the original 1937 Roosevelt Hospital in Edison, officially marked its reopening as an affordable housing community for seniors aged 62 and older on Wednesday.The revitalized building, developed by Pennrose, LLC and Middlesex County, includes 85 apartments for senior residents with income limits ranging from $36,900 to $56,940. Twenty-two units are prioritized for veterans, and five are set aside for homeless individuals. Residents have already begun to move in within the last several days. Situated on 11 acres adjacent to Menlo Park Mall and Roosevelt Park, the Residence at Roosevelt is near several senior healthcare facilities, public transportation, and major roads such as the Garden State Parkway, Route 1 and the New Jersey Turnpike.The apartments feature combined living and dining areas and fully-equipped kitchens. The building also features a community room, roof deck, fitness center, on-site management, laundry facilities, and a resident lounge on each floor. Rents for one-bedroom apartments range from $897 to $1,095 and from $1,071 to $1,308 for two-bedroom apartments.
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