PRINCETON: Senior living development proposed for space near shopping center

0
173
Princeton Shopping Center pic

By Philip Sean Curran, Staff Writer
One of the nation’s largest providers of senior living wants to build a development on land near the Princeton Shopping Center, according to a proposal filed this week with the municipality.
Sunrise Senior Living, based in McLean, Virginia, intends to construct a 76-unit development on North Harrison Street. Sunrise is the contract purchaser of the property, from George Comfort & Sons, the Manhattan-based real estate company that had owned the Shopping Center, records showed. Plans call for a two-story building holding 51 units and a one-story building with 25.
On its website, Sunrise, started in 1981, writes it has 316 senior living communities serving 32,400 people in the United States, Canada and the United Kingdom. Senior Vice President of Investments and development Jerry Liang, a Sunrise representative listed in the documents filed with the town, could not be reached for comment Friday.
A representative of George Comfort & Sons also could not be reached for contact. The company, headquartered on Madison Avenue, sold the Shopping Center in 2012 to current owner Edens. But the transaction called for Comfort & Sons to get a portion of the parcel back for a $1.
In 2015, the municipality approved sub-dividing the Shopping Center property to create the new 4.5-acre-lot, which is zoned for senior housing.