WEST ORANGE, NJ — The on-site leasing center is now open at The Mews at Edison Lofts in Edison Village, Prism Capital Partners’ industrial-to-residential redevelopment of the historic Thomas Edison Invention Factory and Commerce Center in West Orange. The Mews features a boutique collection of 34 one- and two-bedroom new construction homes. The on-site leasing […]
WEST ORANGE, NJ — Exterior building restoration is nearing completion at Edison Village, the site along Main Street being redeveloped by Prism Capital Partners, according to a press release from Prism. According to Eugene Diaz, principal partner at Prism, the project has progressed at a rapid pace. Edison Village, representing the largest non-waterfront adaptive-reuse project […]
WEST ORANGE, NJ — Prism Capital Partners’ Edwin Cohen spoke on a redevelopment-focused panel at the prestigious Governor’s Conference on Housing and Economic Development this fall. The Bloomfield-based commercial real estate firm’s Edison Village in West Orange served as an example of the best practices and innovative strategies driving New Jersey communities forward, according to […]
WEST ORANGE, NJ — The West Orange Planning Board unanimously voted to initiate the process for developing an updated township master plan at its March 1 meeting. The New Jersey legislature requires municipalities to re-examine their master plans every 10 years, which means West Orange’s revision is not due until 2020. But Chairman Robert Bagoff […]
Mayor gives updates on transportation, redevelopment in annual address; honors community members
WEST ORANGE, NJ — Mayor Robert Parisi announced that the township will be getting a sixth jitney route this year in his State of the Township Address during the West Orange Chamber of Commerce’s annual breakfast at the Wilshire Grand Hotel on Feb. 8. Parisi revealed that West Orange will add a service line covering […]
Edison Village redevelopment going up quickly, with Prism likely to request bond money soon
WEST ORANGE, NJ — The $6.3 million in municipal bonds issued by the township have still not been used by redeveloper Prism Capital Partners for Phase 1 of its Edison Village project, though that may soon change. According to township business administrator Jack Sayers, the township recently instructed Prism officials to submit invoices for any […]
WEST ORANGE, NJ — The mortgage holder that foreclosed on one of Prism Capital Partners’ West Orange properties last year purchased the land in a Dec. 13 foreclosure sale. Lender entity LBUBS 2001-C3 Retail 217 LLC bought 217-219 Main St. for $100, according to the Essex County Sheriff’s Department sales listing detail. The entity had […]
TC candidates debate commercial vs. residential growth
WEST ORANGE, NJ — This year’s Township Council election sees six candidates vying for three open seats and comes at a pivotal time for West Orange, with taxes remaining relatively high, redevelopment continuing to shape the future of the community and senior citizen needs coming to the forefront of public consciousness, and those running believe […]
WEST ORANGE, NJ — The West Orange Historic Preservation Commission, Prism Capital Partners and the township administration are now on the same page after representatives from all the groups met Oct. 21 to sort out confusion as to whether Prism is using the correct plans for its Edison Village project. According to Mayor Robert Parisi, […]
Due to foreclosure, Prism may lose Main Street property slated for Phase 2 of Edison redevelopment
WEST ORANGE, NJ — The property that Prism Capital Partners had intended to use for much of Edison Village’s retail space will soon be up for sale as its mortgage holder successfully foreclosed on it last year. According to the Essex County Sheriff’s Department sales listing detail, 217-219 Main St. will be available for purchase […]