Finding a balance: For Reynolds, right-sizing office space has been key to Lawrence Township redevelopment plan

The planned redevelopment of Princeton Pike Office Park in Lawrence Township will feature the mixed-use elements that are increasingly popular in New Jersey. But, departing from the trend, it will keep half its office space.

Three buildings at 3131 Princeton Pike, now known as CANVAS, will be demolished starting this fall or in early 2025, making way for 204 apartments and 17,000 square feet of restaurant and retail space. That will reduce the office space at the park by nearly 40 percent, to about 167,000 square feet, leaving three buildings that are now thriving and nearly fully leased after a recent makeover.

Reynolds refis Princeton Pike Office Park for $16 million, as redevelopment plan advances

A partnership led by Reynolds Asset Management has secured a $16 million loan to refinance the Princeton Pike Office Park in Lawrence Township, where it’s planning a major redevelopment that will bring new housing, retail space and other amenities to the site.

Reynolds eyes 2024 groundbreaking after landing approvals for Princeton Pike redevelopment

Reynolds Asset Management has secured local approvals to redevelop a large piece of a Mercer County office park, where it aims to build more than 200 apartments and retail space.

Reynolds, Capital Solutions acquire 260,000 sq. ft. office campus west of Princeton

A joint venture has acquired six office buildings outside Princeton, with plans to launch a multimillion-dollar renovation to update the portfolio and appeal to hybrid workers.