A vision that began in the 1930s by Edgar Palmer to build a vibrant, European Style town square in the heart of Princeton that would include shops, restaurants and residences as a complement to Princeton University is in its final stages of completion. A venture more than 75 years in the making is culminating with The Residences at Palmer Square, a collection of multi-story townhomes and single-level flats that are now more than 80% occupied.
The Residences at Palmer Square marks the coming of age of a project whose foundations were laid during the Great Depression and over the years has blossomed into one of the finest examples of a commercial downtown. Inspired by architect Thomas Stapleton’s original Colonial Revival design for Palmer Square, Minno & Wasko Architects and Planners of Lambertville, NJ helped make the vision a reality by designing a number of distinctive elevations that complement the brick, Federal-style exteriors and Colonial-era structures of the immediate Palmer Square environment. Many years of thoughtful planning has gone into creating the optimal balance of architectural styles and commercial and residential uses.
The unique energy and convenience of living at The Residences at Palmer Square stems from its prime location within Palmer Square, which is also home to more than 40 brand-name stores, boutiques, restaurants and specialty food shops, as well as the historic Nassau Inn. The community is also located directly across Nassau Street from Princeton University, and provides easy access to the arts, entertainment, cultural offerings and award-winning schools throughout the area. NJ TRANSIT access to New York and Philadelphia (and beyond) is only a short walk from The Residences at Palmer Square, and businesses and shopping venues of the nearby Route 1 corridor are also within easy reach.
“The pedestrian-friendly character of Princeton makes it a highly-desirable place to live, work and play,” said David Newton, Vice President of Palmer Square Management. “The Residences at Palmer Square puts residents right in the middle of it all, yet in a setting that also provides privacy through a network of lushly-landscaped promenades and courtyards which create a scenic buffer from the retail landscape. The result is a best-of-both-worlds environment for all of our residents.”
Plans for The Residences at Palmer Square came together over a multi-year period and the Princeton Regional Planning Board had significant input into the exterior design. Particular attention was given to maintaining a highly landscaped open appearance with the inclusion of three pedestrian mews around which six of the seven residential buildings were constructed.
The community features two- and three-bedroom, single-level flats ranging from 1,623 to 3,195 square feet of living space, priced from $1,230,000. Multi-level, two- and three-bedroom townhomes with private street-level entrances range from 2,516 to 4,476 square feet and are priced from $1,640,000.
A limited collection of rental residences is also available, with two- and three-bedroom floor plans ranging from 1,417 to 3,195 square feet of living space. The rental residences are available with monthly rents starting at $4,543.
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