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

Multifamily Housing | Jun 25, 2019

New Joint Center housing report foresees steady rental demand over the next decade

However, supply shortages, especially on the affordable end, are likely to push rents even higher.

Multifamily Housing | Jun 3, 2019

11 trends in senior living

Style, flexibility, and fun highlight the latest design trends for the 55+ market.

Multifamily Housing | May 29, 2019

Grilled to order: The art of outdoor kitchens

Seven tips for ensuring outdoor kitchens deliver safe, memorable experiences for residents and guests.

Multifamily Housing | May 17, 2019

At last, downtown Dallas tower to get $450 million redo

The landmark tower has been vacant for a decade.

Multifamily Housing | May 8, 2019

Multifamily visionary: AvalonBay’s relentless attention to detail

The nation's fourth-largest owner of apartments holds more than 85,000 apartments in 291 communities. 

| Apr 28, 2019

New York Is NOT Most Expensive City for Apartment Sales Transactions

Data from Marcus & Millichap 2019 U.S. Multifamily Investment Forecast on Average Price/Dwelling Unit in apartment transactions.

Multifamily Housing | Apr 27, 2019

5 noteworthy multifamily developments

Special-needs housing in West Hollywood, Calif., and a warehouse-turned-apartments in the Twin Cities are among the notable multifamily projects to open recently. 

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