PRINCETON, NJ — The 125-unit rental apartment development near Princeton Shopping Center received the green light from Princeton Planning Board last week.
Terhune Development Urban Renewal LLC had requested preliminary and final site plan approval for an “inclusionary” multi-family rental development on the corner of North Harrison Street and Terhune Road.
The application was discussed during a special meeting on May 3, that went on for nearly five hours. The development will have 125 apartments on a 5.9-acre lot, which will include 25 affordable units. Read More: New Rental Apartments Proposed Near Princeton Shopping Center
The plan calls for a four-story building with 60 one-bedroom apartments, 59 two-bedroom homes and six three-bedroom apartments.
Planning Board members and municipal staff praised the development for its sustainability features. The project features low-flow toilets and fixtures, green rood, stormwater retention, high-efficiency heat pump and more. The project will have a dog park and a spot for public art, which the community can access.
There will be parking for 163 cars, plus 11 spots along Terhune Road. A total of eight parking spaces are designed for care sharing.
The development plan also calls for 15 electric vehicle charging stations and more could be added over time. There will also be indoor and outdoor bicycle parking spaces.
During the public portion section of the meeting, several speakers said they approved of the development, although some hoped the project would be smaller in size.
The project will help Princeton to meet its affordable housing obligation under the court mandates 2020 Fair Share Housing Plan.