Prism Capital Partners in 2021 completed Avenue & Green, a best-in-class residential development adjacent to the Woodbridge train station. Located at the corner of Rahway Avenue and Green Street in Woodbridge, the five-acre, mixed-use, transit-oriented community includes 232 apartments and 12,000 square feet of retail space.
Prism, in a joint venture partnership with The Northwestern Mutual Life Insurance Company, completed the purchase of the former Lucas Chevrolet dealership site in 2019. Today Avenue & Green, which sits in the heart of Woodbridge’s walkable downtown, features a mix of studio, one-, two- and three-bedroom homes. Residents enjoy a host of amenities including a community room with kitchen and bar, fitness center, outdoor pool, patio with grills and firepits, package room, conference room, and covered parking. Retail tenants include LeGrand Coffee House and The UPS Store, with leases pending for additional dining and services providers for the balance of the space.
Avenue & Green responds to sustained demand for transit-oriented multifamily. Train access and lifestyle amenities – both in-building and within dynamic downtowns – are top-of-mind for today’s renter. This location checks every box in a community that is embracing smart growth initiatives. Transit-served communities like Woodbridge continue to hold great real estate potential, and projects like Avenue & Green bring new residents, support existing businesses and attract new commerce. These are the keys to ensuring that New Jersey’s suburban downtowns thrive for decades to come.