Four new closings ranging upwards of more than $2 million were recently recorded at The Residences at Palmer Square, downtown Princeton’s premier luxury residential development.
The new sales has prompted the developer to release the community’s final homes for sale — a move that will bring to fruition an historic plan to create a sophisticated lifestyle experience in one of the most unique and culturally-rich residential settings.
The flurry of new high-end sales activity demonstrates the market’s confidence in Princeton in general, and in The Residences at Palmer Square specifically.
Downtown Princeton has long been viewed as a desirable place to live, thanks in large part to its comfortable, small-town existence that’s coupled with an urban vibrancy and international presence usually found in a big city. Its appeal grew exponentially with the continued development of Palmer Square. Today, the carefully-curated array of one-of-a-kind boutiques, brand name shops, great restaurants and open space situated directly across Nassau Street from Princeton University is the cornerstone of Princeton’s celebrated Downtown.
A collection of multi-story townhomes and single-level flats places residents in the center of it all, but with a level of privacy achieved through lushly-landscaped promenades that buffer the homes from the retail landscape.
Designed by Minno & Wasko Architects and Planners of Lambertville, NJ, the homes feature distinctive elevations that expertly complement the brick, Federal-style exteriors and Colonial-era structures of the immediate Palmer Square environment. Remaining two- and three-bedroom, single-level flats are priced from $1,230,000. Multi-level, two- and three-bedroom townhomes with private street-level entrances are priced from $1,825,000.
A limited offering of rental residences is also available, with one-, two- and three-bedroom floor plans available with monthly rents starting at $4,490.
The development features steel and concrete construction for the highest level of quality and privacy, while terraces in many homes and promenades, courtyards and common areas offer desirable outdoor space. Homeowners also enjoy indoor parking.
Custom interior features and appointments include private elevators and 10-foot first-floor ceiling heights in townhomes, nine-foot ceilings in condominiums, and tray ceilings in living and dining areas and master bedrooms. Extensive millwork, including striking fire- places with marble hearths, pocket doors and elegant crown moldings, add style and elegance to the homes. Gourmet kitchens are notable for maple cabinets, granite countertops and Viking stainless steel appliance packages, while spa-like Master baths feature whirlpool tubs, double sinks, glass showers, and marble countertops.
Ideally situated across from the main entrance of Princeton University, Palmer Square allows residents to enjoy Princeton’s cherished suburban ambiance, award-winning public and private schools, renowned university attributes, and world-class entertainment and cultural offerings. 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.
For additional information on The Residences at Palmer Square and to make a private appointment to view fully-furnished townhome and single-level model homes, please call 609-924-3884, or visit www.palmersquareresidences.com. The sales center hours are 10-6pm Monday through Friday, and 11am-5pm on Saturday and Sunday. The sales center is located at 22 Paul Robeson Place in Princeton.