The first AvalonBay units in downtown Princeton at the site of the former hospital on Witherspoon Street are expected to be available for occupancy this coming August.
Studio apartments will rent for about $2,000 and one-bedroom apartments will rent for about $2,200, AvalonBay Vice President Ron Ladell told business leaders at the Princeton Regional Chamber of Commerce breakfast Friday morning.
Some amenities like the workout room will not be open yet when the first tenants move in, Ladell said.
The company has already received inquiries from people interested in renting units. A total of 280 units will be available for rent at AvalonBay Princeton, and 56 units will be affordable housing units. Twelve rental units are townhomes.