Developer Prism Capital Partners is putting the finishing touches on Avenue & Green, its 232-unit luxury multifamily community – with 35 affordable living units, just outside New York City. The enterprise is now 96% leased.
“Sustained leasing velocity reflects the appeal of this one-of-a-kind multifamily product," said Prism’s Robert Fourniadis, Senior Vice President, Residential. "Residents are moving in every day, and the sense of community here is exciting. Add to that a retail component that is really coming together, and the final vision for this property is quickly becoming reality.”
The transit-oriented development sits adjacent to NJ Transit's Woodbridge train station, at the corner of Rahway Avenue and Green Street – about a 50-minute trip to midtown Manhattan.
RESIDENT LOUNGE HIGHLIGHTS AMENITIES
The community’s thoughtfully curated resident lounge includes comfortable seating, fireplace, bar area, billiards, and a shuffleboard table. A state-of-the-art fitness center and kitchen/catering accommodations add to the lifestyle experience.
Outdoors, Avenue & Green offers a resort-style pool and landscaped courtyard with private BBQs, outdoor dining, fire pits and a screening area.
APARTMENTS HAVE 9-FOOT CEILINGS
Avenue & Green features a mix of 40 studios, 108 one-bedroom, 77 two-bedroom, and seven three-bedroom apartments with nine-foot ceilings, luxury plank flooring, in-home washers and dryers, stainless steel appliances, and Calacatta Valentin quartz countertops.
Monthly rents at Avenue & Green start at $1,815 for a studio, $2,000 for a one-bedroom, and $2,695 for a two-bedroom apartment.
Residents also have access to laundry rooms on every floor with large-capacity washers and dryers for oversized items, complimentary bike storage, and covered on-site parking.
Located at 10 Green Street, Woodbridge, N.J., Avenue & Green includes 10,500 sf of street-level retail. Two retail leases have been signed – by LeGrand Coffee House and The UPS Store.
PROJECT TEAM FOR AVENUE & GREEN
DEVELOPER/OWNER Prism Capital Partners
ARCHITECT Thomas J. Brennan Architects
HVAC Gavazzi Cooling & Heating
ELECTRICAL Eastern Electrical Engineering
PLUMBING Meli Plumbing
FIRE PROTECTION 24/7 Fire Protection
CONCRETE IBN Construction Corp.
CONSTRUCTION MANAGER Prism Construction Management
ABOUT PRISM CAPITAL PARTNERS
Nutley, N.J.-based Prism Capital Partners is an established leader in the redevelopment and adaptive reuse arena. The privately held owner/operator’s current Garden State projects include Dunellen Station, a mixed-use, transit-oriented apartment community; Wonder Lofts, the industrial-to-multifamily adaptive reuse of the former Wonder Bread factory in Hoboken; and Edison Lofts, the industrial-to-multifamily-and-retail redevelopment of the historic Thomas Edison Invention Factory and Commerce Center in West Orange.
Related Stories
Affordable Housing | Jul 27, 2023
Houston to soon have 50 new residential units for youth leaving foster care
Houston will soon have 50 new residential units for youth leaving the foster care system and entering adulthood. The Houston Alumni and Youth (HAY) Center has broken ground on its 59,000-sf campus, with completion expected by July 2024. The HAY Center is a nonprofit program of Harris County Resources for Children and Adults and for foster youth ages 14-25 transitioning to adulthood in the Houston community.
Adaptive Reuse | Jul 27, 2023
Number of U.S. adaptive reuse projects jumps to 122,000 from 77,000
The number of adaptive reuse projects in the pipeline grew to a record 122,000 in 2023 from 77,000 registered last year, according to RentCafe’s annual Adaptive Reuse Report. Of the 122,000 apartments currently undergoing conversion, 45,000 are the result of office repurposing, representing 37% of the total, followed by hotels (23% of future projects).
Multifamily Housing | Jul 25, 2023
San Francisco seeks proposals for adaptive reuse of underutilized downtown office buildings
The City of San Francisco released a Request For Interest to identify office building conversions that city officials could help expedite with zoning changes, regulatory measures, and financial incentives.
Sponsored | Multifamily Housing | Jul 20, 2023
Fire-Rated Systems in Light-Frame Wood Construction
Find guidance on designing and building some of the most cost-effective, code-compliant fire-rated construction systems.
Multifamily Housing | Jul 13, 2023
Walkable neighborhoods encourage stronger sense of community
Adults who live in walkable neighborhoods are more likely to interact with their neighbors and have a stronger sense of community than people who live in car-dependent communities, according to a report by the Herbert Wertheim School of Public Health and Human Longevity Science at University of California San Diego.
Affordable Housing | Jul 12, 2023
Navigating homelessness with modular building solutions
San Francisco-based architect Chuck Bloszies, FAIA, SE, LEED AP, discusses his firm's designs for Navigation Centers, temporary housing for the homeless in northern California.
Sponsored | Fire and Life Safety | Jul 12, 2023
Fire safety considerations for cantilevered buildings [AIA course]
Bold cantilevered designs are prevalent today, as developers and architects strive to maximize space, views, and natural light in buildings. Cantilevered structures, however, present a host of challenges for building teams, according to José R. Rivera, PE, Associate Principal and Director of Plumbing and Fire Protection with Lilker.
Mass Timber | Jul 11, 2023
5 solutions to acoustic issues in mass timber buildings
For all its advantages, mass timber also has a less-heralded quality: its acoustic challenges. Exposed wood ceilings and floors have led to issues with excessive noise. Mass timber experts offer practical solutions to the top five acoustic issues in mass timber buildings.
Multifamily Housing | Jul 11, 2023
Converting downtown office into multifamily residential: Let’s stop and think about this
Is the office-to-residential conversion really what’s best for our downtowns from a cultural, urban, economic perspective? Or is this silver bullet really a poison pill?
