
The site next to “Jay’s Cycles” at 245-247 Nassau Street (map) could be the location of the next major redevelopment in Princeton. An application to construct 95 new apartments has advanced to staff review, and could come before the Planning Board later this year. Like most proposals for multifamily housing in Princeton, this redevelopment is part of the town’s plan to meet state affordable housing requirements. (See report from June 2025: “Town of Princeton Embraces ‘Smart Growth’ With Proposed Sites For New Affordable Housing“) 19 of the 95 new apartments would be designated ‘affordable’ units for households with restricted incomes.
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