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Princeton settlement removed 20% affordable housing set-aside requirement for developments that conform to zoning


A rendering of the new building that will be built on the Griggs Corner parking lo in Princeton across from the library. The project will include shops and eight apartments. None of the units will be affordable housing units.
A former Princeton Borough requirement that all new housing projects include a set aside of 20 percent of the units for affordable housing was inadvertently left out of an agreement that settled a five-year lawsuit between the municipality and the non-profit advocacy group Fair Share Housing.
In 2015, the municipality joined with some other municipalities in the county in filing a lawsuit challenging their affordable housing obligations. All of the other municipalities except West Windsor quickly reached settlements with Fair Share Housing, but Princeton’s lawsuit dragged on and cost the municipality hundreds of thousands of dollars. A Mercer County judge approved a settlement agreement in the matter a year ago. ....

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Princeton Zoning Board could render a decision on Graduate Hotel project at special meeting


A rendering of the front of a new hotel at the corner of Nassau Steet and Chambers Street in Princeton.
The local zoning board will hold a special meeting tonight, Feb. 8, at 7:30 p.m. via Zoom to hear public comment about a proposal to build a 178-room hotel at the corner of Chambers and Nassau streets in the heart of Princeton. The board could possibly render a decision tonight on the project.
In the fall of 2019, the owner of 20 Nassau Street, a 72,000-square-foot hub for professional offices in town that also features several retail spaces on the ground floor, sold the building to graduate hotels for $32 million. ....

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Princeton Zoning Board approves 180-room hotel for 20 Nassau Street site


A rendering of the Chanbers Street entrance to the future hotel in Princeton.
After more than 5 and a half hours of testimony and discussion, the Princeton Zoning Board voted unanimously on Monday night to approve plans for a 180-room hotel at the corner of Nassau and Chambers streets.
The project will take 24 to 26 months to complete.
Just after 1 a.m., the board voted to approve Graduate Hotel’s plans for 20 Nassau Street. Neighbors from the historic Bank Street area next to the property objected to the size and scale of the project on Monday night. 
Near the end of the meeting, Michael LaPlace, the town’s planner, told the zoning board he thought the positives of the project outweigh the negatives. “This is an overwhelmingly positive project for the municipality,” he said, adding that the developer is willing to work with the neighborhood.  ....

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