Located on Nassau Street across from Princeton University, Palmer Square has been the center of life in the town of Princeton since the 1930s. With its retail shops, apartments, office space, post office, and the celebrated Nassau Inn, Palmer Square prospered through the years under university ownership. However, in the 1970s, university trustees sensed the need for a change to make it even more useful to the community. After a lengthy selection process, Collins was designated to purchase the square with an adjacent nine-acre parking lot. The project was built between 1980 and 1990.
Palmer Square includes parking for almost 1,000 cars, 58,000 square feet of retail space, a five-story office building, and 114 townhouse condominiums. The town of Princeton, friends of the university, the corporate community, and leisure travelers all enjoy the area. Collins partnered with the Bank of New York for this project.