100 Forge Circle in Hopewell Township — Courtesy: SAGE Real Estate Advisors
By Joshua Burd
Woodmont Properties has sold a new 300-unit luxury apartment community outside Princeton for nearly $116 million, brokers with SAGE Real Estate Advisors announced Thursday.
According to a news release, a national multifamily owner and operator acquired the Hopewell Township property in what the listing team called a significant benchmark for the submarket. That comes two years after Woodmont opened the complex at 100 Forge Circle and just south of Interstate 295, offering a collection of one- and two-bedroom floorplans and upscale amenities across three- and four-story buildings.
Livingston-based SAGE, led by Steve Tragash and Greg Pine, represented both the seller and the undisclosed buyer in the $115.75 million deal. The firm noted that the former Woodmont Forge, now known as One Hundred Forge, enjoyed a strong response from the market and reached full occupancy by mid-2025.
Located on 23 acres, the property is just eight miles from downtown Princeton and has amenities such as a swimming pool with a sundeck, a modern fitness center, a theater room and a resident lounge with conference and event spaces, the news release said. The pet-friendly site also has walking paths, a garden, outdoor terraces and electric vehicle charging stations.
SAGE announced the deal while noting that it follows last year’s $42.95 million sale of Woodmont Liberty Apartments in Independence Township. Tragash and Pine also arranged that transaction on the developer’s behalf and procured the buyer.
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