What's happening at the site
The former Burlington Center Mall is being redeveloped, and part of the plan includes a 500-unit apartment phase. This is a large-scale project, and large redevelopments tend to change the character of the immediate area over several years, not overnight. Projects like this typically unfold in phases: demolition or site prep, infrastructure work, initial construction, leasing, and then stabilization once units are occupied. Each phase can affect how the surrounding area looks and feels, and how it's perceived by buyers.
Why new apartments can move home prices in either direction
There's no single, automatic outcome when a large residential project goes into a former mall site. A few factors tend to matter most:
- Increased rooftops nearby. More residents can mean more demand for nearby services, restaurants, and amenities, which can make the area more attractive to buyers over time.
- Traffic and construction disruption. During active construction, some nearby homeowners see more traffic, noise, and dust, which can be a short-term drag on how desirable the immediate area feels.
- Rental supply effects. A large new apartment supply can, in some cases, pull some renters who might have become buyers into renting instead, or it can draw people to the area who later buy homes nearby once they're familiar with it.
- What else gets built. If the surrounding redevelopment includes retail, parks, or other improvements, the overall effect on nearby home values is usually more positive than if it's apartments alone.
Because these factors can pull in different directions, there isn't a reliable way to say in advance whether nearby home prices will rise, fall, or stay flat because of this specific project. What matters more is tracking actual sales data in the surrounding neighborhoods as the project moves forward.
How to actually measure the impact, instead of guessing
Rather than speculating, the way to understand real effects is to look at:
- Recent closed sales in neighborhoods closest to the site, compared to sales further away
- How long homes near the site are sitting on the market versus the broader Burlington area
- Whether list-to-sale price ratios near the site are holding steady, improving, or softening
- Any public updates on construction timeline, occupancy, and what additional uses (retail, open space) are planned
This kind of before-and-after comparison, tracked over time as the apartments lease up, gives a much clearer picture than trying to predict the outcome today. Hernan Munguia can pull current sales figures for homes near the former mall site and compare them to Burlington as a whole, so any conversation is based on actual numbers rather than assumptions.
What this means if you're selling or buying near the site
If you own a home near the former mall and are thinking about selling, it's worth understanding where in the construction timeline the project currently sits, since that can affect how buyers perceive the area right now versus a year or two from now. If you're buying, the same information works in reverse. A home near a site in the middle of active construction might come with a lower price today, with upside if the area benefits from the finished redevelopment later. There's no guarantee of that outcome, but it's a factor worth weighing with current data in hand.
Burlington's broader context
Burlington sits along the Delaware River in Burlington County, with easy access to neighboring towns. Large redevelopment projects like the former mall site tend to draw regional attention, not just interest from people already living nearby, which is another reason to look at data from a wider radius, not just the immediate streets around the site.
How Hernan Munguia helps
Hernan Munguia works in Burlington and the surrounding towns, including Cherry Hill, Moorestown, Pennsauken, and Ewing, and follows redevelopment projects like the former Burlington Center Mall site as part of knowing these markets. For anyone trying to figure out what the apartment project might mean for a specific property, Hernan Munguia can pull current comparable sales near the site, check how those numbers compare to the rest of Burlington, and give a straight answer based on what the data shows rather than speculation. Reach out directly at 856-745-9282 to go over a specific address or neighborhood.