PRINCETON, NJ — AvalonBay Communities recently celebrated the grand opening of Avalon Princeton Circle, the latest addition to their Central New Jersey portfolio, to the fanfare of over 110 guests including local municipal officials, AvalonBay executives, and associates. The ribbon was cut, and the celebration continued with speeches from Ron Ladell, AvalonBay senior VP Mayor Mark Freda and Matt Giammanco, AvalonBay senior development director.
Nestled in a wooded setting off of Terhune Road, the Avalon Princeton Circle site was transformed from two outdated, obsolete office buildings into a beautifully appointed multifamily rental community with a mix of unit types, including rental townhomes with integral garages and apartment homes of various bedroom sizes across multiple buildings.
The smart-growth oriented site, which is also pursuing LEED and Energy Star certification, is located within walking distance to the grocery-anchored Princeton Shopping Center and is less than two miles from downtown Princeton and Princeton University. The quiet yet vibrant setting includes a pool with pool deck, an outdoor fireplace, BBQ grills, a kitchenette, a covered, heated dining patio, and ample outdoor seating. Inside the clubhouse, the spacious lounge area includes multiple seating areas (including private work-from-home pods and large banquettes), a separate kitchenette area, and a well-appointed fitness center which includes a yoga studio. The pet-friendly community also includes a pet spa and tiered pet park to cater to residents’ furry friends.
The inclusionary community also incorporates a subset of affordable family rental units, as well as five units specifically designated for adults with special needs, whereby AvalonBay is partnering with the ARC of Mercer County to provide support services for those residents.
AvalonBay just completed a community at the Somerville Train Station and is currently constructing communities in West Windsor, Montville and at the Princeton Shopping Center.
As of June 30, 2023, the Company owned or held a direct or indirect ownership interest in 295 apartment communities containing 88,826 apartment homes in 12 states and the District of Columbia, of which 19 communities were under development and one community was under redevelopment.