Princeton University to Break Ground on New Buildings

Princeton University is set to break ground on several new buildings this year including two new groups of dormitories, known as “residential colleges.”

The new buildings are part of an ambitious plan to expand Princeton’s campus over the next eight years. (U.S. 1, January 3, 2018.)

The new buildings will be constructed south of Poe Field, where the tennis center and soccer stadium are now located, next to the Princeton Neuroscience Institute. The two new residences will house around 1,000 students, increasing the university’s undergraduate student body by about 10 percent starting in 2022.

The softball field and the tennis center will be relocated across Lake Carnegie and will form the beginning of a new “Lake Campus” that will be connected to the main campus by paths and shuttle transit service.

Other new projects include a new soccer practice field, a new soccer stadium to replace the one being demolished for construction of the new dorms, a parking garage, and a geothermal power plant. The geothermal plant is part of a plan for the campus to achieve “net-zero” carbon emissions by its 300th anniversary in 2046.

President Christopher Eisgruber, in his annual State of the Campus letter issued on February 3, wrote that in 2021 the university will begin construction on a new art museum. “The renowned architect Sir David Adjaye, along with colleagues from Adjaye Associates and Cooper Robertson, has produced an exciting design concept for the museum that will heighten its visibility, expand the range of works that it can display, and invite participatory engagement from our campus and the surrounding community. The project will create dramatically better space for the Museum and the Department of Art and Archaeology. It will also preserve and integrate the highly successful Marquand Library.

“The main museum building will have to close at the end of January, 2021, to prepare for the impending project. During the construction period, the museum will curate exhibitions elsewhere on campus and at Bainbridge House,” Eisgruber wrote.

Further projects, to be built along Ivy Lane and Western Way, include a new environmental sciences building and new engineering buildings, including an institute of bioengineering.

The Princeton Plasma Physics Laboratory, located on the Forrestal campus off Route 1 in West Windsor, will also see new construction in the form of a new laboratory, the first new building on the site in more than 25 years.

Princeton University. Christopher Eisgruber, president. www.princeton.edu.

Warehouse Under Construction on Princess Road

Developers Penwood Real Estate Investment Management and Metrix Real Estate Services are constructing a 340,000-square-foot distribution center on Princess Road. The facility is being built on speculation with the help of a $16 million loan arranged by JLL Capital Markets. The project is scheduled to be finished in June.

“JLL is pleased to have placed another loan on behalf of Penwood Real Estate Investment Management, and to work with Metrix on its first development project,” said JLL senior managing director Michael Klein. “This location will provide prospective tenants with exceptional regional access due to its proximity to I-95 and its frontage along I-295.”

Merger

Horvath & Giacin PC, 130 Route 31 North, Suite A, Box 706, Pennington 08534. 609-737-0300 John A. Horvath CPA, president. www.horvathgiacin.com.

New York-headquartered business advisory firm EisnerAmper announced that the leadership and staff of certified public accounting firm Horvath & Giacin, P.C., based in Pennington, have joined EisnerAmper effective January 16.

Founded in 1989, Horvath & Giacin is a full-service accounting firm with a staff of 22. The firm offers tax, accounting and assurance, and business advisory and consulting services to clients in more than 10 countries.

“What really impresses us about Horvath & Giacin is their relationship-driven approach. John Horvath and his team genuinely feel that each of their clients — irrespective of their size, location or industry — should receive stellar service,” said Jay Weinstein, EisnerAmper managing partner of markets and industries and partner-in-charge of the firm’s New Jersey office.

John Horvath, president and a founding member of Horvath & Giacin and who joins EisnerAmper as a partner, added: “We’ve admired the ‘EisnerAmper way’ for a long time. And we’re thrilled to now be able to leverage its robust technology, advisory service offerings, talent, client initiatives, educational resources and more to enhance our client service.”

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