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
High-rise Construction | Jul 9, 2013
5 innovations in high-rise building design
KONE's carbon-fiber hoisting technology and the Broad Group's prefab construction process are among the breakthroughs named 2013 Innovation Award winners by the Council on Tall Buildings and Urban Habitat.
| Jul 8, 2013
RSMeans cost comparisons: hotels, motels, and apartment buildings
Construction market analysts from RSMeans offer construction costs per square foot for hotels, motels, and apartment buildings.
| Jul 3, 2013
Architects team with HUD to promote 'Rebuild By Design' competition for Hurricane Sandy recovery effort
The American Institute of Architects (AIA) today announced a communications campaign urging its membership to enter the “Rebuild by Design” multi-stage regional design competition announced by Department of Housing and Urban Development (HUD) Secretary Shaun Donovan on June 20.
| Jul 2, 2013
LEED v4 gets green light, will launch this fall
The U.S. Green Building Council membership has voted to adopt LEED v4, the next update to the world’s premier green building rating system.
| Jul 1, 2013
Report: Global construction market to reach $15 trillion by 2025
A new report released today forecasts the volume of construction output will grow by more than 70% to $15 trillion worldwide by 2025.
| Jun 28, 2013
Building owners cite BIM/VDC as 'most exciting trend' in facilities management, says Mortenson report
A recent survey of more than 60 building owners and facility management professionals by Mortenson Construction shows that BIM/VDC is top of mind among owner professionals.
| Jun 26, 2013
Commercial real estate execs eye multifamily, retail sectors for growth, says KPMG report
The multifamily, retail, and hospitality sectors are expected to lead commercial building growth, according to the 2013 KPMG Commercial Real Estate Outlook Survey.
| Jun 25, 2013
Mirvish, Gehry revise plans for triad of Toronto towers
A trio of mixed-use towers planned for an urban redevelopment project in Toronto has been redesigned by planners David Mirvish and Frank Gehry. The plan was announced last October but has recently been substantially revised.
| Jun 25, 2013
First look: Herzog & de Meuron's Jade Signature condo tower in Florida
Real estate developer Fortune International has released details of its new Jade Signature property, to be developed in Sunny Isles Beach near Miami. The luxury waterfront condo building will include 192 units in a 57-story building near high-end retail destinations and cultural venues.
| Jun 19, 2013
New York City considers new construction standards for hospitals, multifamily buildings
Mayor Michael Bloomberg’s administration has proposed new building codes for hospitals and multifamily dwellings in New York City to help them be more resilient in the event of severe weather resulting from climate change.
