Princeton Real Estate News and Notes | Princeton Echo
Land preserved, land in limbo
While the fate of a 90-acre parcel bordering Herrontown and Mt. Lucas Roads remains in the hands of the Princeton Planning Board, another 153-acre parcel is expected to be permanently preserved.
Both plots are owned by Lanwin Developmemt Corporation, run by Bryce Thompson V, the son of longtime Princeton real estate mogul Bryce Thompson IV, who died in 2019.
The 90-acre parcel, known as Thompson Woods, was acquired by the elder Thompson in the 1950s and later sold to his children. In recent years, Lanwin has sought approval for a plan to develop 30 homes on approximately 18.5 acres of land, leaving much of the plot in open space. (L’Ãcho, September 2019). The plan, which has encountered a lot of opposition from owners of neighboring properties, is expected to be discussed shortly at the Planning Council meeting on December 2.
What is moving forward is the preservation of another Lanwin property, a 153 acre parcel along the Cherry Valley and Province Line roads along Princeton’s borders with the townships of Hopewell and Montgomery. The Princeton board voted unanimously at its Oct. 25 meeting to introduce an order that would authorize the issuance of bonds to finance the $ 8.9 million purchase of the property.
The cost of the acquisition is expected to be paid in part by a $ 1.25 million grant from the state’s Green Acres program, $ 2.5 million in open space funding from Mercer County and nearly $ 3 million. dollars in funding for private not-for-profit organizations. A public hearing on the ordinance will be held at the November 8 council meeting.
Compromise reached for Prospect properties
Princeton University has reached an agreement with the City of Princeton to preserve the streetscape of Prospect Avenue as part of its plans to build new facilities for its Faculty of Engineering and Applied Science and its program of ‘environmental studies.
When university officials presented their plans to the Town Planning Council earlier this year, they were adamant that three historic Victorian houses on Prospect Avenue should be razed in order to move the old Court Club building to 91 Prospect Avenue across the street and welcome new construction. . (L’Ãcho, July 2021).
But under an agreement reached at the end of October, the homes will be saved and the 91 Prospect building will be moved across the street alongside them. The larger of the three houses, 110 Prospect Avenue, will be moved behind buildings 114 and 116 Prospect, and the Court Club building will occupy the land where 110 once stood.
In addition, the university has agreed to support the designation of a historic district on Prospect Avenue to further protect the character of the street.
The university’s revised request was unanimously approved at the Town Planning Council meeting on October 21.
A liquor license in the balance
A routine request for a liquor license transfer from one location to another turned into a heated discussion at the Princeton Council meeting on October 25.
Claridge Wine & Liquor Co., which operated for years at the Princeton Mall, asked to move to 102 Nassau Street, the prime downtown location long occupied by the Landau woolen store. The liquor store’s mall location has suffered in recent years due to the addition of liquor sales at McCaffrey’s supermarket.
The two-hour discussion on the request was punctuated with confusion among council members as to exactly why they are legally allowed to assess the request. Since the liquor store is a licensed use for this space, and any retail operation in this space may have delivery and parking needs, a decision had to depend on the specific health and safety concerns of a given space. liquor store.
âAt the end of the day, your decision has to be based on facts,â lawyer Trishka Cecil advised the board. âIt can’t just be guesswork or fears of bad things that might happen. There is a basis because no matter how individual each of you may feel as a group, you are an entity, you are a government entity, and you have to ask yourself if there is a reasonable way. for a government to behave in this situation.
A chorus of neighboring business owners joined the meeting to voice concerns about the app, including the traffic hazards created by delivery trucks and parking issues created by shoppers looking to do nothing but ‘a brief stop at the store. Other concerns have been raised regarding sales of cigarettes and vaping products at the location.
But others, including PJ’s Pancakes owner John Procaccini, neighbors of the mall and long-time customers have expressed support for the move. Another passionate call for approval came from Stanley Dohm, the owner of 102 Nassau Street, who submitted a letter explaining the difficulties in finding the ârightâ tenant for the space and citing the many financial difficulties the owners have faced. faced during the pandemic.
Dohm also noted that he had rejected many potential food companies due to the potential for odors and waste, as well as a number of retailers specializing in hemp or marijuana products.
âI find that an ongoing liquor store that is not a startup is better than one of the food vendors. Alcohol is only intended for outside consumption; no alcohol consumption or late hours are allowed, âhe wrote.
Council members ultimately declined to vote on the transfer at the meeting, preferring instead to postpone the discussion. The debate will continue at the Council meeting on Monday 8 November.
PCH has a breakthrough
Princeton Community Housing held a groundbreaking ceremony on October 15 for 25 new affordable homes and additional improvements to Princeton Community Village
The new homes will complement the 466 affordable rentals currently managed by PCH in Princeton.
When complete, the new three-story building will feature a mix of one, two and three bedroom apartments for very low, low and moderate income households. The building will include a covered porch and a new neighborhood pavilion for socializing, as well as new walkways to facilitate access to the existing Ted Vial Clubhouse.
Other neighborhood improvements will include improvements to the pavilion, electric vehicle charging stations, bike racks, a parcel pick-up center, groundwater management and an abundance of native landscaping, including trees, shrubs and rain garden plants.
The building is designed to meet or exceed Enterprise Green energy efficiency standards and include all-electric heating / cooling and capacity for future rooftop solar panel installation.
Funding for the new building and neighborhood improvements is provided by NJHMFA, Princeton, and PCH’s ongoing fundraising campaign.
Zoning Council Updates
The Zoning Council heard five applications at its October 27 meeting.
269 ââSouth Harrison Street, Molly T. Pyle, owner and applicant. C1 and c2 exemptions are requested to allow the development of parking spaces in the front and side margins in derogation from the requirements of the ordinance. The request, which was carried over from a previous meeting, was approved subject to a review of the drainage and landscaping plans.
338 Nassau Street, 338 Nassau Street, LLC, owner and plaintiff. Modification of the approved site plan with deviations to relocate the air conditioners and install a generator / garbage enclosure in deviation from the requirements of the ordinance. The request, also taken from a previous meeting, was approved.
35-37 South Harrison Street, Brooke Brown, owner and applicant. C (1) / (2) request for exemption to allow the construction of a second residential unit creating a two-family dwelling in exemption from the required volume requirements. The request has been approved.
211 Winant Drive, 21 Brearly Road, Freeman Butler LLC, owners and applicants. A request is made for a minor subdivision to allow an adjustment of the lot line with a gap for the floor area ratio and for a waterproof cover to allow the construction of a swimming pool and a pool house in derogation the requirements of the ordinance. The request has been approved.
7 Hamilton Avenue, 7 Hamilton LLC, owners and applicants. C1 / C2 to allow the construction of a single-family home on land that does not meet the required frontage width. The applicant also seeks an appeal from the interpretation of the zoning officer regarding the permitted width of a garage.
The request was brought to the next meeting, Wednesday 10 November, the delivery of a site plan with more information on the proposed project.