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Princeton board backs rezoning for mixed-use affordable housing at 245–247 Nassau Street
Summary
The Planning Board recommended that Council find Ordinance 2026-01 (creating AH10 at 245–247 Nassau St.) substantially consistent with Princeton’s master plan; the rezoning would allow up to 95 units with at least 20% affordable units (minimum 18) and 3,300 sq ft of ground-floor commercial space.
The Princeton Planning Board on Feb. 5 recommended that Borough Council find Ordinance 2026-01 — rezoning 245–247 Nassau Street to create Affordable Housing District AH10 — substantially consistent with the town’s master plan.
Staff member Justin reviewed the proposal and told the board the zoning would permit a mixed-use inclusionary building with up to 95 multifamily apartments, up to 3,300 square feet of leasable ground-floor commercial space and a requirement that at least 20% of units be designated affordable, “no less than 18 affordable units.” Justin said the rezoning reflects a concept plan…
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