Prism Capital Partners in 2019 launched construction for Avenue & Green at the Woodbridge train station. The five-acre redevelopment parcel, located at the corner of Rahway Avenue and Green Street in Woodbridge, will become a mixed-use, transit-oriented community consisting of 232 apartments and 12,000 square feet of retail space.
Prism, in a joint venture partnership with The Northwestern Mutual Life Insurance Company, purchased the former Lucas Chevrolet dealership site. The property sits in the heart of Woodbridge’s walkable downtown, next to Woodbridge Station. Avenue & Green will feature a mix of studio, one-, two- and three-bedroom homes. In addition to the street-level service retail, residents will 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.
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.