February 16, 2022
Princeton Property Partners Obtains Site Plan Approval for 60 North Tulane Street in Downtown Princeton
Princeton Property Partners has obtained Site Plan Approval for a new multi-family/ mixed-use property in Downtown Princeton. The Princeton Planning Board has unanimously approved an application for development of 19 apartments and 1,400 square feet of office space at 60 North Tulane Street in Downtown Princeton. The property is two blocks from Nassau Street, the main street in Princeton and is less than a 5 minute walk to the Campus of Princeton University.
Designed as a luxury apartment building, every one of the units has a spacious outdoor balcony. Three apartments on the top floor have a very large outdoor terrace. The building will feature a green roof and efficient appliances and HVAC units. On the ground floor, tenants will enjoy an exclusive multi-purpose space with an adjacent outdoor patio, indoor bike storage, Amazon boxes for deliveries and charging stations for both electric bikes and cars.
All the apartments will have a finely appointed kitchen as well as one or more luxury bathrooms. The brand-new building will provide elevator service to all apartments and will have a 14 car garage at street level. Princeton Property Partners will commence construction of 60 North Tulane Street in 2024 and expects to enable tenants to begin occupancy in early 2025.
About Princeton Property Partners:
Princeton Property Partners (PPP) is a vertically integrated, Princeton-focused commercial real estate family of companies. Established in 2001, the firm is led by partners Aubrey Haines, Sab Russo and Spencer Page. Service lines include Development & Investment, Commercial Brokerage, Consulting, Advisory Services and Property & Construction Management. PPP consistently ranks as one of the top development firms in Princeton. Its commercial brokerage operation is also #1 or #2 in the market based on transaction value and square footage leased/sold. The firm has over 500,000 sf under management, making PPP one of the largest third-party property managers in the Princeton Market.
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