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](/sites/default/files/inline-images/AvenueGreen%20living%20rm%202.jpg)
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](/sites/default/files/inline-images/Resident%20lounge%2C%20Avenue%20%26%20Green.png)
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](/sites/default/files/inline-images/AvenueGreen%20bedroom.jpg)
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](/sites/default/files/inline-images/LeGrand%20Coffee%20House.png)
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](/sites/default/files/inline-images/AvenueGreen%20kitchen%202.jpg)
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 | Oct 9, 2018
Bjarke Ingels Group creates 66 homes for low-income citizens in Copenhagen
The building is approximately 73,000 sf.
Mixed-Use | Oct 4, 2018
Four-story hotel and adjacent affordable housing community opens in California’s Sonoma County
Axis/GFA Architecture and Design was the architect for the project.
Multifamily Housing | Sep 25, 2018
Fitness centers go for wellness
Equipment choice, room size, program offerings—a lot of thinking has to go into creating a fitness facility that pays off in resident satisfaction.
Multifamily Housing | Sep 24, 2018
Topsy-turvy: Creative use of air rights results in a model of urban luxury design
Using bold cantilevering and imaginative structural design, ODA and its project team created a 12-story building whose massing grows in width as it steps upward.
Multifamily Housing | Sep 21, 2018
A place of ‘voluntary and cheerful resort’
A project team soldiers on in the wake of a nightmarish turn of events.
Multifamily Housing | Sep 19, 2018
Multifamily market trends 2018: What the experts are saying
The growth of keyless entry solutions and demand for oversized units are among the trends and ideas shared at Marcus & Millichap’s 2018 Multifamily Forum in Chicago.
Multifamily Housing | Aug 29, 2018
Brighton Marine is the largest veterans’ development constructed in Boston since World War II
The Architectural Team designed the project.
Multifamily Housing | Aug 27, 2018
5 noteworthy multifamily projects: summer 2018 edition
The 5 buildings highlight MFDC's summer issue noteworthy projects section.
Multifamily Housing | Aug 20, 2018
$53 million Chamberlain apartments will comprise six buildings, three new and three renovated
The project’s groundbreaking was held on July 19.
Multifamily Housing | Aug 17, 2018
Sound advice on multifamily construction
Four leading experts tell how to ensure your next multifamily project achieves acoustic privacy.