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Academy Place
Trenton, New Jersey
Description
- Historic District Scattered Site
- Phase I - 40 units placed in service in 1998
- Phase II - 22 units placed in service in 2001
- Police mini station
- Community center
1999 Landmarks Commission Preservation Award for Neighborhood Impact
2000 New Jersey Historic Preservation Award
Developer
Pennrose Properties
Isles, Inc.
Architect
Kitchen & Associates
Collingswood, NJ
General Contractor
AJD Construction, Inc.
Leonardo, NJ
Management
Pennrose Management Co.
The Challenge
In 1995, Pennrose formed a partnership with Isles, Inc., a community-based nonprofit, to address the derelict housing of the historic district of Olde Trenton. This urban redevelopment area consisted of scattered late 1800's structures that were either vacant or in need of serious rehabilitation. It was the goal of the team to stabilize this neighborhood by building a strong community of quality homes.
The Solution
In Phase I, the Isles/Pennrose partnership acquired 15 buildings and numerous vacant lots to create 40 rental units for families, a police mini-station, a community room, off-street parking, and open space. Thirteen of the buildings were rehabilitated under the historic rehabilitation guidelines of the National Park Service. Two structurally unsound buildings were demolished and replaced with new construction virtually indistinguishable from that, which was historic. In 1999, Academy Place received from the City of Trenton the Landmarks Commission Preservation Award for neighborhood impact. The State Office of Historic Preservation awarded Academy Place the New Jersey Historic Preservation Award in 2000.
In Phase II, The East Hanover Street Redevelopment Project, the partnership acquired eight buildings and several vacant lots to create 22 rental units for families, off-street parking, and open space. A vacant church was rehabilitated to provide affordable daycare for community residents.
This multi-phase urban development underscores the development team's expertise in rehabilitating historic structures and its dedication to revitalizing communities. Utilizing funds from DCA Balanced Housing, the City of Trenton, FHLB, LIHTC, and Historic Tax Credits, the two phases of the Academy Place Development were completed in 1997 and 1999.
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Academy Place |
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