New Closings Prompts Release of Final Homes for Sale at Palmer Square in Downtown Princeton

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THE RESIDENCES AT PALMER SQUARE IN DOWNTOWN PRINCETON

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.

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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. Continue reading

The Residences at Palmer Square Enjoys Location in America’s Top Small City, Financial Website Proclaims

Wallethub.com Ranks Princeton America’s #1 Small City

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THE RESIDENCES AT PALMER SQUARE IN DOWNTOWN PRINCETON

PRINCETON, NJ – Downtown Princeton is globally recognized as a desirable place to live, shop and dine, but according to a recent analysis by a prominent financial website, it isn’t only an excellent small town, it is the best “Small City” in America.

Wallethub.com, a website dedicated to helping consumers and small businesses make better financial decisions, analyzed 1,268 municipalities in the U.S. with a population between 25,000 and 100,000 and ranked them based on various criteria. Princeton emerged with the best overall score after taking first in the nation for “economic health”, seventh for “education and health,” and 41st for “quality of life.”

The new accolade follows similar tributes for Princeton over the past year, including being named the “Best College Town to Live In” by the financial website Smartasset.com, and the designation of an “Age-Friendly Community” from the World Health Organization.

“Princeton’s pedestrian-friendly character and plethora of cultural and recreational resources and attractions make it one of the country’s most unique and desirable places to live,” said David Newton, Vice President of Palmer Square Management, which developed The Residences at Palmer Square, a community of upscale residences and boutique retail shops and restaurants directly across Nassau Street from Princeton University.  “It has certainly contributed to the overall appeal of our community and quality of life of our residents who are uniquely positioned to take advantage of it all. The energy of the downtown setting, combined with the luxury of the stately townhome and condominium residences, provides a compelling lifestyle proposition that has resonated with the public.”

The Residences at Palmer Square was conceived as part of a European-style town square for Princeton that would include shops, restaurants and residences as a complement to Princeton University. The community’s collection of homes is integrated into Palmer Square’s acclaimed collection of more than 40 brand-name stores, boutique shops, specialty food stores and restaurants.  The homes include a carefully-crafted array of multistory townhomes and single-level condominium flats that blend distinctive architectural designs with sophisticated living spaces. Designed by Minno & Wasko Architects and Planners of Lambertville, NJ, the residences feature a number of elevations which expertly complement the brick, Federal-style exteriors and Colonial-era structures of the immediate Palmer Square environment.

Two- and three-bedroom, single-level flats range 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 $1,825,000.

A limited offering of rental residences is also available, with one-, 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 $4,490.

Steel and concrete construction offers 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 fireplaces 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.

Longtime Princeton Resident Feeds her City Living Passion with a New Adventure at Palmer Square

PRINCETON, NJ – Peggy Hughes-Fulmer has lived in Princeton for the better part of 50 years.  With her daughters now grown and living with their children close by, Ms. Hughes-Fulmer’s expansive single-family home on two acres of property in a quiet, serene part of Princeton no longer seemed necessary — or all that appealing.

“I was ready for a new adventure,” said Ms. Hughes-Fulmer.  “My late husband loved the big house and the acres.  I’m a city girl at heart.”

An active member of the community, including serving on the Boards of the Princeton Symphony and McCarter Theatre, Ms. Hughes-Fulmer had no intention of leaving Princeton.  What she desired was a new lifestyle experience, which is where her professional and personal lives intertwined.  Working as a real estate broker at what is now Callaway Henderson Sotheby’s International Realty in Princeton for 40 years, Ms. Hughes-Fulmer was quite familiar with Palmer Square, the vibrant epicenter of downtown Princeton featuring boutique shops, restaurants and a new collection of townhomes, single-level flats and rental residences – all situated directly across from Princeton University.

Palmer Square Townhomes Exterior SMALL“Before The Residences at Palmer Square opened, there really wasn’t an opportunity to live in the heart of downtown,” Ms. Hughes-Fulmer points out.  “When the new homes were introduced, I brought many customers to see them, and always thought how much I’d like to live there.”

Deciding earlier this year that there was no time like the present, Ms. Hughes-Fulmer moved from the no-longer-needed single family home to an elegant-yet-manageable single-level residence in Palmer Square.

“Palmer Square offers what we never had before but so sorely needed; the ability to live within walking distance of all that downtown Princeton has to offer,” she said.   “And I am taking full advantage of it, attending McCarter Theartre, lectures at the library, visiting the Princeton Art Museum, enjoying the Princeton campus with the various activities offered, running errands, all of which I do walking.  What could be more appealing?”

Ms. Hughes-Fulmer also appreciates the energy associated with living downtown.

“On a recent Saturday evening, I realized I had nothing to eat in my refrigerator and decided to go out for a meal,” she recalls.  “I walked outside my door and there was a band playing, people were dining outside at the many eateries, kids were playing in the Square.  It was such a lively atmosphere, it felt a little bit like New York.”

While Ms. Hughes-Fulmer is embracing the downtown lifestyle she often dreamed about, she also appreciates the privacy and scenic beauty of Palmer Square’s residential enclave.

“The residences are surrounded by beautiful landscaping that is extremely well maintained, which creates a picturesque buffer from the shops and restaurants,” she said.  “It’s just a very desirable place to live and has added to the overall image of Princeton, becoming a destination in its own right.” Continue reading