Plans for the redevelopment in Hightstown will happen in sections.

​

The project includes restoring and converting two historic mill buildings — including a 50,000-square-foot concrete structure and an adjacent 101,000-square-foot brick property, both on Bank Street — to create 150 loft-style apartments. The developer also plans to build a new ground-up, 193-unit multifamily building near North Main Street and 43 new townhomes on North Academy Street. Also there will be a club house.