^{On Tuesday, September 30, Bel Canto Asset Growth Fund celebrated the groundbreaking of Pearl Apartment Homes, a visionary new community that will bring 375 residences to Moorestown. Pictured here from left to right: Jennifer A. Nevitt, CEO of Bel Canto; Quinton Law, Mayor of Moorestown; Thomas A. Leonard III, Chairman of Bel Canto.}

Bel Canto Breaks Ground on Brand New Pearl Apartment Homes in Moorestown, NJ

Ground-up Community Set to Bring 375 Residences to Moorestown

Moorestown, NJ – On Tuesday, September 30, representatives from Bel Canto Asset Growth Fund, a vertically integrated multifamily development company with a national footprint, celebrated the groundbreaking of Pearl Apartment Homes, a visionary new community that will bring 375 residences to Moorestown.

The milestone event brought together public officials, business and community leaders from across the region to commemorate the start of construction of this highly anticipated project. Conveniently situated adjacent to the shopping and dining at Moorestown Mall, minutes from Moorestown’s downtown and only 23 miles from Philadelphia International Airport, Pearl Apartment Homes is poised to become a landmark of innovative and sophisticated apartment living.

The first phase of completed construction includes a dedicated parking garage designed exclusively for residents.

The groundbreaking underscored Bel Canto’s commitment to visionary development and long-term investment in high-value communities.

“Bel Canto’s unwavering resilience and commitment to serving the unique housing needs in and around Moorestown will result in creating a truly one-of-a-kind apartment community,” said Thomas A. Leonard III, Chairman of Bel Canto. “Pearl Apartment Homes is more than an apartment community – it represents an extraordinary investment in the future of the South Jersey economic landscape. Adjacent to the Moorestown Mall, it will attract many new residents looking for things to do nearby. Major employers like Lockheed Martin and Cooper University Health Care are also just minutes away.”

With 32% of Moorestown residents approaching retirement age, Pearl allows longtime neighbors to stay in the community they've helped build. At the same time, Pearl’s vibrant design, walkable location and flexible floor plans make it an appealing choice for younger professionals and families eager to put down roots in Moorestown. "I’ve shopped and visited Moorestown for 15 years," said Jennifer A. Nevitt, CEO of Bel Canto. "I've heard the frustration of people who feel they have to leave Moorestown when they're ready to down-size. At Pearl, they won't need to choose between the lifestyle and community they love here."   

Pearl Apartment Homes will offer thoughtfully designed one-, two- and three-bedroom residences just steps from dining, healthcare, shopping and entertainment. Each home features chef-inspired kitchens with quartz countertops, sleek stainless-steel appliances, expansive closets and versatile layouts for both living and working.

Residents will indulge in a collection of world-class amenities, from a resort-style swimming pool with a lavish sundeck and spa with a massage room, to a state-of-the-art fitness center with cardio, free-weight areas and a yoga studio. Social and leisure spaces abound, featuring a refined parlor with gaming tables to a modern podcast studio designed for creativity and connection.

Moorestown Mayor Quinton Law also emphasized the project’s significance to the community. “This groundbreaking marks an exciting new chapter for Moorestown,” said Mayor Law. “Pearl will expand housing opportunities that meet the needs of our growing and changing community, while also representing a significant investment in our township’s future. Developments like this strengthen our local economy, support nearby businesses and help ensure Moorestown remains a vibrant, welcoming place for working families. We’re proud to see this kind of forward-looking investment taking root here.”

Pearl joins Bel Canto’s growing portfolio of modern communities, which includes Botanica Cottages in Limerick, PA, as well as recently completed properties in Lebanon, IN, and Ocala, FL. Pearl Apartment Homes will begin pre-leasing in Summer 2026, with first move-ins anticipated for Fall of 2026.

For more information about Pearl Apartment Homes, visit ApartmentsinMoorestownNJ.com.

About Pearl Apartment Homes:

Located in Moorestown, New Jersey, Pearl Apartment Homes isn’t just keeping pace with the region’s competitive housing market — it’s raising the bar. By combining top of the line finishes, a wealth of thoughtfully curated amenities and a one-of-a-kind location, Pearl creates a lifestyle that feels truly distinctive in South Jersey.

About Bel Canto Asset Growth Fund LLC:

Founded by Thomas A. Leonard III and Jennifer A. Nevitt, Bel Canto specializes in developing transformative multifamily communities. The company's portfolio includes successful developments in Pennsylvania, Indiana, and Florida, with Pearl representing its flagship New Jersey investment.