PRINCETON, NJ-The owners of the historic Nassau Inn in Downtown’s Palmer Square will formally present plans to the regional planning board this week for an expansion and renovation of the venerable property. A previous plan to expand the hotel had been approved by local officials in 1998, but never carried out.

The revised plans include two new building additions and a general overhaul of the property, according to information that has been released by the owners, a private group operating as Nassau Inn, and design consultant Spiezle Architectural Group. “The Nassau Inn has begun a rejuvenation initiative focused on keeping pace within the hospitality industry…providing more functional accommodations for guests and obtaining much-needed program space,” reads a prepared statement.

Although two additions would be built under the proposal, the overall room count would increase only slightly from 203 to 215. That’s because the renovation of the property’s existing Colonial wing would increase the size of the individual rooms while actually reducing the key count from 84 to 56.

A new six-story wing would rise along Hulfish St., replacing an existing courtyard. The top four floors would have a total of 40 new guest rooms and 8,000 sf of retail space, and the lower two floors would house 7,125 sf of meeting/ballroom space on the second floor and a loading dock on the first floor.

The second addition, along Palmer Square West, would replace an existing one-story retail building with a 9,000-sf, three-story structure consisting of retail space on the ground floor, meeting space on the second floor and a storage area on the third. The plan also calls for a new second entrance to the property and an outdoor dining area.

The oldest portion of the Nassau Inn dates back to 1756, and in the 1930s the mixed-use Palmer Square downtown commercial district was developed with the inn as its centerpiece. Pending approvals, the ownership projects a phased three-year build-out for the renovation/expansion, the cost of which hasn’t been released.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.