Town Wrongly Blocked Housing Conversion: NJ Appeals Court

Law360, New York (February 27, 2013, 4:30 PM EST) -- A New Jersey appeals court ruled Wednesday that Sharbell Building Co. LLC can convert 150 age-restricted housing units that are part of a planned 400-acre mixed-use development into units with no age restrictions, saying the Robbinsville, N.J., planning board wrongfully blocked the conversion.

A three-judge panel affirmed a lower court's 2012 ruling that Sharbell had satisfied all of the requirements in the state statute permitting conversion and that the planning board should not have blocked the conversion in April 2011 by claiming it would hurt the...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.