Woodbridge, N.J., Luxury Apartment Community Miles Ahead of Projections
WOODBRIDGE, N.J., Feb. 23, 2022 — As developer Prism Capital Partners puts the finishing touches on Avenue & Green’s resident lifestyle amenities, the luxury multifamily community has passed the 80% leased mark – less than six months after its introduction to the market. Further, Avenue & Green’s retail space is seeing strong demand – solidifying the project’s seamless integration into its vibrant downtown Woodbridge setting.
“We are incredibly proud of Avenue & Green,” said Prism’s Robert Fourniadis, senior vice president, residential. “Sustained leasing velocity reflects the appeal of this one-of-a-kind multifamily product. 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 highly amenitized, transit-oriented Avenue & Green sits adjacent to the Woodbridge train station, at the corner of Rahway Avenue and Green Street. 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.
“Residents are taking full advantage of these gorgeous, inviting indoor amenity spaces,” added Fourniadis. “And with warmer weather just around the corner, we can’t wait to see the grounds come to life as well.”
Avenue & Green features a mix of studio, one- and two-bedroom apartments with nine-foot ceilings, luxury plank flooring, in-home washers and dryers, stainless steel appliances and Calacatta Valentin Quartz countertops. 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.
Avenue & Green includes 10,500 square feet of street-level retail. Already, two retail leases have been signed – by LeGrand Coffee House and The UPS Store – with additional announcements coming soon.
Monthly rents at Avenue & Green begin from $1,815 for a studio, $2,000 for a one-bedroom and $2,695 for a two-bedroom apartment, after current incentives that include up to two months free. Located at 10 Green Street, the Avenue & Green leasing office is open weekdays from 10 a.m. to 6 p.m., and Saturday and Sunday from 10 a.m. to 5 p.m. For more information, call 732-366-1890, email info@AvenueandGreen.com or visit AvenueandGreen.com.
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 also 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.