Palmer Square in Downtown Princeton Launches Newly-Designed PalmerSquareResidences.com

palmer-square-residences-websitePRINCETON, NJ – Palmer Square announced today the launch of the community’s newly-redesigned residential website, www.PalmerSquareResidences.com.  The improved website represents a ground-up redesign to better showcase Palmer Square’s collection of sophisticated homes and incomparable location in the heart of downtown Princeton.

Blending improved functionality with a strong design aesthetic, the website features new interior and exterior photography and videos of the community’s distinctive multi-story townhomes and single-level flats.  A separate photo gallery captures the unique charm and appeal of Palmer Square’s picturesque surroundings, including Princeton University’s historic campus and the area’s vibrant shopping and dining landscape.  Prospective buyers and renters can access real-time availability of for-sale and rental homes, download and print 3D floorplans, view pertinent details on amenities and finishes, and “tour” the culturally-rich neighborhood through an illustrative map that links to 50 points of interest.

“We developed the new website to create a more positive user experience for our future residents,” said Lori Rabon, Vice President of Palmer Square.  “We also wanted the site to reflect the unique and sophisticated lifestyle offered at Palmer Square which is ideally located in the heart of one of the country’s most desirable places to live.  We believe the new website accomplishes both objectives and are delighted to now launch it to the public.” [Read more…]

Palmer Square’s Luxury Rental Residences Provide an Appealing Princeton Living Alternative

palmer-square-exteriorIn today’s residential market, living in luxury doesn’t necessarily require the purchase of a home.  From Millennials to Generation X-ers to Baby Boomers, more and more people are choosing to rent, and in some cases, the high-end options available to them have become virtually impossible to distinguish from for-sale properties.

In downtown Princeton, for example, Palmer Square has successfully drawn discerning homebuyers with an incomparable location directly across from Princeton University, a vibrant array of shopping and dining options, and a collection of new condominium and townhome residences that combine sophisticated living spaces with architectural charm.  Those same attributes are also present in the community’s rental residences, which come with a level of flexibility some new Princeton residents are looking for.

“The common denominator is the appeal of Palmer Square’s location in the heart of this dynamic setting which allows residents to live just steps from acclaimed shops, restaurants, culture, arts and education,” says Lori Rabon, Vice President of Palmer Square.  “While some are ready to make a long-term commitment to the area with a new home purchase, others prefer the freedom of renting which might align with employment contracts or their children attending Princeton schools.  In either case, Palmer Square delivers the quality, luxury and lifestyle they’re looking for.” [Read more…]

How Palmer Square Meshed Yesterday with Today

56f158f13a078_PalmerSquareRetail

via BisNow – While Philadelphia and New York City have been attracting New Jersey’s Millennials, Princeton—equidistant from both cities—is having its time in the sun again. “People are beginning to rediscover the quality of life we have right here,” says Palmer Square Management VP David Newton, who’s been watching its rise since joining the ongoing Palmer Square mixed-use development in 1995.

This renewed interest is particularly benefiting the nearly 80-year-old Palmer Square, which is built around (you guessed it) a square across from Princeton University’s main gate. “A lot of people want to live where they work and play,” notes David, snapped above with Minno & Wasko Architects and Planners’ Greg Mardirossian, whose firm has been the development’s architect of record since 2005. Today, the development—which opened in 1937 and was first conceived in 1906 by Edgar Palmer, heir to the New Jersey Zinc Co and a 1903 Princeton grad—boasts 150k SF of Class-A office space, 110k SF of retail, 228 residential units over 1,000 parking spaces in two garages, and the 188-room historic Nassau Inn.

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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

outsidebuildingPRINCETON, 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.

[Read more…]

Princetonian loves the Residences at Palmer Square

Palmer Square Townhomes Exterior SMALLLongtime Princetonian Peggy Hughes-Fulmer said, “Palmer Square offers the ability to live within walking distance of all that downtown Princeton has to offer.”

via The Home News Tribune – 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, her expansive single-family home on 2 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 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, serving on the Boards of the Princeton Symphony and McCarter Theatre, 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, Hughes-Fulmer was quite familiar with Palmer Square, the vibrant epicenter of downtown Princeton, which features boutique shops, restaurants and a new collection of townhomes, single-level flats and rental residences — all situated directly across from Princeton University.

“Before The Residences at Palmer Square opened, there really wasn’t an opportunity to live in the heart of downtown,” Hughes-Fulmer said. “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?” [Read more…]

Modern Luxury Blends With Old World Charm at the Residences at Palmer Square in Downtown Princeton

Michael Travin at RESIDENT magazine celebrates the charm and luxury of The Residences at Palmer Square.

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.”

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From Mayfair to Palmer Square: Self-Described “Corporate Vagabonds” at Home in Princeton

via Linda Arntzenius/Town Topics

2014-07-23_11-59-35As President of ME Global, a global chemical company headquartered in London, England, Dan Scheid and his wife Mary Beth Scheid enjoyed a lifestyle at the center of a bustling city. They lived in Mayfair, in Shepherd’s Market to be precise, and Dan could walk to work. “It was wonderful, my office was right opposite St. James’s Palace,” recalled Dan in a telephone interview from the West Coast where the couple were hiking two hours outside of Seattle before traveling on to Ashville, North Carolina, to visit the John C. Campbell Folk School.

Easy access to everything their environment had to offer was what they were looking for when Dan retired in 2006 and the couple moved back to the United States.

They found it in Philadelphia, in a row house in Center City where, said Mary Beth, they fully expected to stay. But after their daughter Clancy married Princeton professor, David August, the Scheids found themselves spending more and more time in Princeton. The draw had much to do with their three grandchildren Betty, 4, Josie, 2, and Danny, 7 months. The Scheids plans for the future changed.

The Scheids moved into the Residences at Palmer Square in September 2010.

Besides family, one other consideration prompted their choice. Mobility. “We loved our four-story row house in center city, but we realized that mobility and stairs would one day become an issue for us,” said Dan. Even so, they had thought to move to a more convenient home in Philadelphia — until they saw the new steel and concrete construction of luxury multi-story town homes and expansive single-level condominiums taking shape in the center of Princeton.

“As soon as the new residences became available, we were the first ones knocking on the door,” said Dan. “The promise of living in the center of downtown Princeton and being able to walk to everything was very enticing. It was similar to everything we liked about center city.”

Impressed by what they saw, the Scheids walked though numerous homes in various stages of construction and got a good look at the bone structure of each residence.

Their three-story town home on Chambers Street, which also has a basement, is “everything we had hoped for,” said Dan. “Downtown Princeton offers a best-of-both-worlds living environment that few places can match. There’s the ease of a comfortable, small-town existence, but it is coupled with an urban vibrancy and international presence that you usually can’t find outside a big city. Princeton also has the advantage of being convenient to both Philadelphia and New York City. And The Residences at Palmer Square enjoy the best location in Princeton without question. We regularly attend the McCarter Theatre and Princeton University Art Museum, and love being able to walk to all of the restaurants and shops within Palmer Square and around town.”

The Scheids embraced the idea of living in a new-construction home. “The floor plan of the Palmer Square townhome was strikingly similar to our row house, including compatible design details and a classical layout, but with clear advantages,” Dan pointed out. “A brand new home compared to an 1830s building means more efficient space, improved energy efficiency, and fewer maintenance issues.”

And an elevator that takes them right into their apartment will give them the mobility they were concerned about when the time comes. Dan, 66, and Mary Beth, 65, are fit and physically active. They enjoy ballroom dancing at the Suzanne Patterson Center, traveling, music.

Both hail from Jackson, Michigan, where they went to the same high school. “Mary Beth and I met as freshmen; Mary Beth’s older brother was my best friend,” recalled Dan. Their son, Charles, lives in San Francisco and their daughter, Anna, in Amherst, Massachussetts.

The Scheids have made an effort to become part of the community, Dan serves as a trustee of the Historical Society of Princeton. “Being a part of the community was important to us and gave us a reason to make the move now when we are still young and active rather than later,” he said.

One of the best things Mary Beth has found in Princeton is the Newcomers and Friends Club run by the Princeton YWCA, which has about 200 members and serves as an excellent conduit for those new to the town. “I do one activity with the group at least once a week and we have met a lot of couples this way,” she said.

Princeton Living

Besides access to their growing family, living in Princeton offers other benefits. They find the cost of living in Princeton to be much less than they experienced in London. “It’s comparable to center city Philadelphia.” said Dan. “The big difference in living here is substantially higher taxes of all sorts, property taxes, income and sales taxes combined compared to Philadelphia and elsewhere in Pennsylvania. But when it comes to normal living expenses and food, costs are much the same.1

Located on Paul Robeson Place between Chambers and Witherspoon Streets, The Residences at Palmer Square complete a development project begun by Edgar Palmer in 1937. The new homes were designed along the lines of a European-style town square that would include shops, restaurants and residences. The brick Federal style exteriors are designed to complement existing buildings.

According to a press release, the residential community offers custom interior features and appointments including private elevators, 9- and 10-foot high ceilings and tray ceilings, extensive millwork, fireplaces with marble hearths, pocket doors and elegant crown moldings. Gourmet kitchens have maple cabinets, granite countertops, and Viking stainless steel appliances; spa-like master baths feature whirlpool tubs, double sinks, glass showers, and marble countertops. Many of the homes have their own terraces and there are landscaped promenades, courtyards, and common outdoor areas. There is also indoor parking for residents.

There are 32 different floor plans from two- and three-bedroom, single-level flats, to two- and three-bedroom, multi-level townhouses.

The single level flats have between 1,623 and 4,130 square feet of living space; the townhomes have between 2,622 and 3,084 square feet. The flats range in price from $1.245 to $3.4 million; the townhomes from $1.775 to $2,195 million.

A limited number of rental residences are also available, with two- and three-bedroom floor plans ranging from 1,623 to 3,195 square feet of living space monthly rents starting at S4.800.

For more information on The Residences at Palmer Square, call (609) 924-3884, or visit www.palmersquareresidences.com.