Land preserved, land in limbo
The yellow outline shows the 153-acre Lanwin property set to be acquired by Princeton and preserved as open space.
While the fate of a 90-acre parcel abutting Herrontown and Mt. Lucas roads is still in the hands of the Princeton Planning Board, another 153-acre parcel is set to be permanently preserved.
Both parcels are owned by Lanwin Developmemt Corporation, led by Bryce Thompson V, the son of longtime Princeton real estate mogul Bryce Thompson IV, who died in 2019.
The 90-acre parcel, known as Thompson woods, was acquired by the elder Thompson in the 1950s and later sold to his children. For the past several years Lanwin has sought approval for a plan to develop 30 houses on roughly 18.5 acres of the tract, leaving much of the parcel as open space. (The Echo, September 2019). The plan, which has met with much opposition from owners of neighboring properties, is scheduled to next be discussed at the December 2 Planning Board meeting.
What is moving forward is the preservation of another Lanwin property, a 153-acre parcel along Cherry Valley and Province Line roads along Princeton’s borders with Hopewell and Montgomery townships. Princeton Council voted unanimously at its October 25 meeting to introduce an ordinance that would authorize the issuance of bonds to fund the $8.9 million purchase of the property.
The cost of the acquisition is expected to be paid in part by a $1.25 million grant from the state Green Acres Program, $2.5 million of Mercer County open space funding, and nearly $3 million in funding from private nonprofits. A public hearing on the ordinance will be held during the November 8 Council meeting.
Compromise reached for Prospect properties
Plans from Princeton University illustrate the relocation of 110 and 91 Prospect Avenue.
Princeton University has reached an agreement with the town of Princeton to preserve the Prospect Avenue streetscape as part of its plans to construct new facilities for its School of Engineering and Applied Sciences and Program in Environmental Studies.
When university representatives presented their plans to the Planning Board earlier this year, they were adamant that three historic Victorian homes on Prospect Avenue would need to be razed in order to move the former Court Club building at 91 Prospect Avenue across the street and accommodate new construction. (The …….