When developer Bob Meyer checks on his latest property under construction in Medford, he does not have to look far.
The corporate office of Bob Meyer Communities on Himmelein Road is located about 500 feet from where construction has begun for The Farmstead at Medford, a 120-unit independent-living apartment project near the intersection of Himmelein and Stokes roads. It will be completed in summer 2023.
"We're excited to bring our maturing residents a unique opportunity to live in a really nice environment with incredible amenities — in the heart of Medford," said Meyer, the company's majority owner and president, who grew up in Medford and now lives in Medford Lakes.
Meyer's father, Bob Meyer Sr., founded the company in the late 1960s and his grandfather also was in the construction business.
And the development and construction company, which has built more than 30 residential projects in South Jersey, continues to be a family operation. His brothers, Brian Meyer and John Meyer, are involved in the ownership of the company, his son, Kohl Meyer, is a project manager at the Shore and daughter Olivia Meyer is the property manager for the company's apartments. Eric Voss, who is not a family member, also is an owner.
Their projects have included single-family homes in Wyngate at Medford and Heritage at Medford and the Main Street Apartments at Marlton, which the company also owns and manages.
The Farmstead at Medford project, limited to residents 62 years and older, will serve meals in a formal dining room, a bistro and a private dining room that residents will be able to book, Meyer told 70and73.com in an interview. The facility also will have an exercise area, yoga room and 30-seat movie theater, he said.
Monthly rent for the one- and two-bedroom apartments, ranging in size from 700 to 1,300 square feet, has yet to be determined but will be around $5,000 a month, Meyer said. That includes the meals, a driving service and cleaning the apartment and laundering linens once a week. Each unit has a full kitchen and laundry room.
The Farmstead will sit on a parcel of 56 acres, but just under 17 acres will be used for the actual project. The balance will be conveyed to the Township to be permanently preserved as open space. The project is on the west side of Stokes Road next to a commercial building and Cornerstone Bank, which sits at the corner of Himmelein and Stokes roads.
Bob Meyer Communities, which partnered with the Eni family of Medford on the Farmstead, also worked with the Eni family to develop Village Pointe, a single-family home development in Medford where the 158-acre Cow Pointe was preserved as open space. The Eni family has been a large landowner in the town.
Although none of the Farmstead's apartments will be set aside for affordable housing, the developer contributed $900,000 to the Township's affordable housing trust fund, which is used to help finance affordable housing elsewhere in the town.
Meyer, 62, grew up in his father's business, working summers and learning the trades in the homebuilding business. His first development? He was project superintendent on a 20-home neighborhood in Moorestown in 1982.
He graduated from Shawnee High School and attended the University of Colorado and then transferred to La Salle University. His spare time is spent skiing, fishing, golfing and climbing.
And, around town, it is hard not to see someone you know.
"When you're in the same town as long as we have been, and you have five brothers and sisters, and you're third generation, and you're in the real estate business, you tend to get to know a lot of people,” Meyer said.