New Sales and Rental Activity Push Palmer Square to 80% Occupied in Downtown Princeton

Palmer Square Townhomes Exterior SMALLPRINCETON, NJ – The final piece of a grand development puzzle that has successfully delivered a vibrant and walkable downtown setting in Princeton is nearing completion with an impressive 80% of The Residences at Palmer Square now occupied.

The bespoke collection of residences, a carefully-crafted array of multi-story townhomes, single-level and duplex condominium flats and rental flats, is the culmination of a vision that originated in the early 1900s.  It was then that Edgar Palmer first conceived of the Square as a new municipal center with various buildings for retail, office and residential use; a hotel, post office and a playhouse that would all complement Princeton University, located directly across Nassau Street.   The first buildings were completed in 1937, and a new phase has been added every decade since.

“The vision was to create a commercial core of Princeton to complement the academic core, and in terms of ground-up development, the residences complete that vision,” said David Newton, Vice President of Palmer Square Management.

With Palmer Square’s charming collection of more than 40 brand-name stores, boutiques, restaurants and specialty food shops, as well as the historic Nassau Inn, successfully imbuing Princeton with the energy of an urban-inspired, downtown environment, the new residences provide the sought-after opportunity to live in the center of it all.

“The homes are exquisite and offer the privacy and quiet of an urban oasis, with lushly-landscaped promenades creating a picturesque buffer from the retail landscape, yet residents can easily walk to everything the Square and Princeton University have to offer,” Mr. Newton points out.  “It’s the type of active and convenient lifestyle many people are looking for today.”

In designing the homes, Minno & Wasko Architects and Planners took over where architect Thomas Stapleton’s original Colonial Revival style left off, with a number of distinctive elevations that complement the brick, Federal-style exteriors and Colonial-era structures of the immediate Palmer Square environment.

Palmer Square Townhome Living Room SMALLTwo- and three-bedroom, single-level flats range from 1,623 to 3,195 square feet of living space, priced from $1,590,000.  Multi-level, two- and three-bedroom townhomes range from 2,516 to 4,476 square feet and are priced from $1,640,000 to $2,950,000.

A limited collection of rental residences is also available, with two- and three-bedroom floor plans ranging from 1,417 to 3,195 square feet of living space.  The rental residences are available with monthly rents starting at $4,543.

Steel and concrete construction offers the highest level of quality and privacy, while terraces in many homes and promenades, courtyards and common areas offer desirable outdoor space.  Homeowners also enjoy indoor parking.

Custom interior features and appointments include private elevators and 10-foot first-floor ceiling heights in townhomes, nine-foot ceilings in condominiums, and tray ceilings in living and dining areas and master bedrooms.  Extensive millwork, including striking fireplaces with marble hearths, pocket doors and elegant crown moldings, add style and elegance to the homes.  Gourmet kitchens are notable for maple cabinets, granite countertops and Viking stainless steel appliance packages, while spa-like Master baths feature whirlpool tubs, double sinks, glass showers, and marble countertops.

Ideally situated across from the main entrance of Princeton University, Palmer Square allows residents to enjoy Princeton’s cherished suburban ambiance, award-winning public and private schools, renowned university attributes, and world-class entertainment and cultural offerings.  NJ TRANSIT access to New York and Philadelphia (and beyond) is only a short walk from The Residences at Palmer Square, and businesses and shopping venues of the nearby Route 1 corridor are also within easy reach.

For additional information on The Residences at Palmer Square and to make a private appointment to view fully-furnished townhome and single-level model homes, please call 609-924-3884, or visit www.palmersquareresidences.com. The sales center hours are 10-6pm Monday through Friday, and 11am-5pm on Saturday and Sunday.  The sales center is located at 611 Michelle Mews in Princeton.

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