Construction progresses at the site of 10 Green Street at Woodbridge Station, a planned residential and retail project in downtown Woodbridge. — Courtesy: Prism Capital Partners
By Joshua Burd
Prism Capital Partners is eyeing a spring delivery for more than 230 new apartments in downtown Woodbridge, as it nears a construction milestone for the mixed-use project.
The developer announced Wednesday that it would soon complete the frame-out of the five-story building, which will be known as 10 Green Street at Woodbridge Station. At full completion, the property will include 232 luxury rentals and 12,000 square feet of street-level retail space, boasting a location adjacent to a stop on NJ Transit’s North Jersey Coast Line.
“Train access and upscale lifestyle amenities remain top-of-mind for today’s renters,” said Prism Capital Partners’ Robert Fourniadis, senior vice president, residential. “10 Greet Street is designed to meet ongoing demand for transit-oriented multifamily and offer residents the conveniences they want — both in-building and within walking distance.”
Prism and a joint venture partner, Northwestern Mutual Life Insurance Co., broke ground late last year at the corner of Rahway Avenue and Green Street after acquiring the five-acre former Lucas Chevrolet dealership site. Plans call for a mix of studio, one-, two- and three-bedroom apartments, with a host of amenities such as a community room, fitness center, outdoor pool and covered parking, among others.
Residents will be in the heart of Woodbridge’s walkable downtown.
“Projects like 10 Greet Street bring new residents, support existing businesses and attract new commerce,” said Edwin Cohen, principal partner with the Nutley-based developer. “This formula is helping forward-looking, suburban New Jersey municipalities ensure vibrant futures for their downtowns.”