flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

Prism Capital Partners' Avenue & Green luxury/affordable rental complex is 96% leased

Multifamily Housing

Prism Capital Partners' Avenue & Green luxury/affordable rental complex is 96% leased

The 232-unit luxury rental property, in Woodbridge, N.J., provides 15% affordable units.


By PRISM CAPITAL PARTNERS | April 20, 2022
Avenue & Green, Woodbridge, N.J. – Prism Capital Partners
Avenue & Green luxury rental complex is one of several multifamily projects recently completed by Prism Capital Partners, Nutley, N.J. All photos courtesy Prism Capital Partners.

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.” 

Living room at Avenue & Green, Prism Capital Partners
Typical living room at Avenue & Green

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.

Resident lounge at Avenue & Green, Woodbridge NJ
The resident lounge has billiards and shuffleboard games, along with upscale seating.

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.

AVENUE & GREEN BEDROOM
Bedroom at Avenue & Green, Woodbridge, N.J.

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. 

LeGrand Coffee House at Avenue & Green
LeGrand Coffee House, in the 10,500-sf street-level retail space at Avenue & Green.

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

Typical Kitchen at Avenue & Green, Woodbridge, NJ
Typical kitchen looks out onto the living room in Avenue & Green apartment.

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

Seismic Design | Feb 27, 2023

Turkey earthquakes provide lessons for California

Two recent deadly earthquakes in Turkey and Syria offer lessons regarding construction practices and codes for California. Lax building standards were blamed for much of the devastation, including well over 35,000 dead and countless building collapses.

Multifamily Housing | Feb 21, 2023

Watch: DBA Architects' Bryan Moore talks micro communities and the benefits of walkable neighborhoods

What is a micro-community? Where are they most prevalent? What’s the future for micro communities? These questions (and more) addressed by Bryan Moore, President and CEO of DBA Architects. 

Multifamily Housing | Feb 21, 2023

Multifamily housing investors favoring properties in the Sun Belt

Multifamily housing investors are gravitating toward Sun Belt markets with strong job and population growth, according to new research from Yardi Matrix. Despite a sharp second-half slowdown, last year’s nationwide $187 billion transaction volume was the second-highest annual total ever.

Multifamily Housing | Feb 21, 2023

New multifamily housing and mixed-use buildings in Portland, Ore., must be ready for electric vehicle charging

The Portland, Ore., City Council recently voted unanimously to require all new residential and mixed-use buildings to be ready for electric vehicle charging. The move amends Portland’s zoning laws to require all new multi-dwelling and mixed-use development of five or more units with onsite parking to provide electric vehicle charging infrastructure.

Reconstruction & Renovation | Feb 16, 2023

Insights from over 300 potential office-to-residential conversions

Research from Gensler finds that, surprisingly, the features that result in an unpleasant office often make for a superlative multifamily product.

Multifamily Housing | Feb 16, 2023

Coastal Construction Group establishes an attainable multifamily housing division

Coastal Construction Group, one of the largest privately held construction companies in the Southeast, has announced a new division within their multifamily sector that will focus on the need for attainable housing in South Florida.

High-rise Construction | Feb 15, 2023

Bjarke Ingels' 'leaning towers' concept wins Qianhai Prisma Towers design competition

A pair of sloped high-rises—a 300-meter residential tower and a 250-meter office tower—highlight the Qianhai Prisma Towers development in Qianhai, Shenzhen, China. BIG recently won the design competition for the project.

Senior Living Design | Feb 15, 2023

Passive House affordable senior housing project opens in Boston

Work on Phase Three C of The Anne M. Lynch Homes at Old Colony, a 55-apartment midrise building in Boston that stands out for its use of Passive House design principles, was recently completed. Designed by The Architectural Team (TAT), the four-story structure was informed throughout by Passive House principles and standards.

Multifamily Housing | Feb 11, 2023

8 Gold and Platinum multifamily projects from the NAHB's BALA Awards

This year's top BALA multifamily winners showcase leading design trends, judged by eight industry professionals from across the country.

Multifamily Housing | Feb 10, 2023

Dallas to get a 19-story, 351-unit residential high-rise

In Dallas, work has begun on a new multifamily high-rise called The Oliver. The 19-story, 351-unit apartment building will be located within The Central, a 27-acre mixed-use development near the Knox/Henderson neighborhood north of downtown Dallas. 

boombox1
boombox2
native1

More In Category




halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021

Â