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Prism Capital Partners' Avenue & Green luxury/affordable rental complex is 96% leased

Multifamily Housing

Prism Capital Partners' Avenue & Green luxury/affordable rental complex is 96% leased

The 232-unit luxury rental property, in Woodbridge, N.J., provides 15% affordable units.


By PRISM CAPITAL PARTNERS | April 20, 2022
Avenue & Green, Woodbridge, N.J. – Prism Capital Partners
Avenue & Green luxury rental complex is one of several multifamily projects recently completed by Prism Capital Partners, Nutley, N.J. All photos courtesy Prism Capital Partners.

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
Typical living room at Avenue & Green

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
The resident lounge has billiards and shuffleboard games, along with upscale seating.

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
Bedroom at Avenue & Green, Woodbridge, N.J.

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
LeGrand Coffee House, in the 10,500-sf street-level retail space at Avenue & Green.

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
Typical kitchen looks out onto the living room in Avenue & Green apartment.

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.  

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Multifamily Housing

St. Louis’s first transit-oriented multifamily development opens in historic Skinker DeBaliviere neighborhood

St. Louis’s first major transit-oriented, multi-family development recently opened with 287 apartments available for rent. The $71 million Expo at Forest Park project includes a network of pathways to accommodate many modes of transportation including ride share, the region’s Metro Transit system, a trolley line, pedestrian traffic, automobiles, and bike traffic on the 7-mile St. Vincent Greenway Trail. 

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