Best of 2018: The Most Significant/Unique Multifamily Acquisition
Former Lucas Chevrolet Dealership Site-Woodbridge, NJ
Size: 12,000 SF of retail on 5 acres 232 Apartments Prism acquired the five-acre, former Lucas Chevrolet dealership property in Woodbridge and is transforming the under-utilized site into a luxury, mixed-use transit-oriented community. Upon completion, the property will feature 232 apartments, a host of modern amenities and 12,000 s/f of retail. Located at the corner of Rahway Ave. and Green St., the property sits in the heart of its walkable downtown, next to Woodbridge Station. Woodbridge is experiencing a renaissance due to this type of redevelopment, and the appetite for multifamily rental, especially transit-oriented product like this, continues to exceed supply throughout New Jersey and nationwide.