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Princeton's urban homes find few takers

Published Wed, Jan 22, 2014 · 10:00 PM
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[NEW YORK] A development in downtown Princeton, New Jersey, was intended to entice wealthy buyers with the promise of luxury living in a vibrant downtown setting.

Yet since 2012, only a handful of units have sold.

By most calculations, the 100-unit complex of rentals, condominiums and townhouses should be a model for new urban development. With units adjacent to Palmer Square, the elegant homes are a short walk from dozens of shops and restaurants and the vaunted gates of Princeton University.

But only seven of the 48 homes have sold, includin…

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