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Smaller Developers Leaving New Jersey.
Byline: Wendy Ginsberg
Oct. 22--For nearly two years, the president of the Builder's League of South Jersey has lived where he says the market for new homes is hottest: Florida.
David Waronker, whose term will expire in December, moved out of New Jersey after 14 years of bitter battles with planning boards, squabbles with environmental groups, and struggles to acquire proper permits, he said.
He returns about three times each month to complete the 30 projects that his company, CBD Development Group, is constructing.
For younger developers such as the 40-year-old Waronker, the revenue potential is no longer viable in New Jersey, which home builders, environmentalists and state officials agree will be the first state to reach development capacity, or be "built out."
Large developers such as …
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