NUTLEY, NJ — The township of Nutley hosted the “Welcome to Nutley ON3” event at Nichols Park on the afternoon of Sept. 21. The annual event invited students, staff members and supporters from the ON3 project to meet and greet representatives from local businesses. “This event allows us the opportunity to introduce our local vendors […]
NUTLEY, NJ — Prism Capital Partners has announced the sale of ON3’s flagship office tower, 200 Metro Boulevard in Nutley, to an affiliate of Cantor Fitzgerald. Eastdil Secured represented Prism in the $131.7 million transaction to the New York City–based institutional investor, marking New Jersey’s largest suburban office trade year-to-date. “In an era where there is less […]
NUTLEY, NJ — Prism Capital Partners and its ON3 development were honored this spring by the Urban Land Institute, Northern New Jersey chapter during the organization’s annual Excellence Awards Gala. ON3 earned top prize in the suburban redevelopment category. ON3, the redevelopment of the 116-acre former Hoffmann–La Roche campus spanning Clifton and Nutley, recently celebrated […]
WEST ORANGE, NJ — Three tenants are coming to The Shoppes at Edison Village on Main Street in West Orange, developed by Prism Capital Partners. Late winter/early spring 2022 openings are anticipated for BK Lobster restaurant, SportsMed Physical Therapy and Golden Aide Health & Pharmacy. The tenants leased a combined total of 7,700 square feet […]
NUTLEY, NJ — On Nov. 4, the township of Nutley approved a resolution authorizing a preliminary study to investigate the possibility of obtaining a portion of the former Hoffmann–La Roche site through the redevelopment process. This move comes after Nutley officials have long criticized the property’s redeveloper and owner, Prism Capital Partners, with claims that […]
WEST ORANGE, NJ — In a statement sent to the West Orange Chronicle on Sept. 13, West Orange Mayor Robert Parisi said that the township has reached a settlement with Prism Capital Partners, the former redevelopers of the downtown Edison Village redevelopment project on Main Street. The West Orange Township Council voted to reacquire the […]
WEST ORANGE, NJ — West Orange is locked in a lawsuit with Prism Capital Partners, the redevelopers of the downtown Edison Village project, after the West Orange Township Council voted to reacquire the property and terminated the development deal that was approved nearly 20 years ago, in 2003. The first phase of the project has […]
WEST ORANGE, NJ — Prism Capital Partners announced Aug. 19 that the Residences at Edison Lofts, located in West Orange, is now 95-percent leased, a milestone for the firm’s award-winning, industrial-to-multifamily-and-retail redevelopment of the historic Thomas Edison Invention Factory and Commerce Center on Main Street. The Residences at Edison Lofts, which opened in 2018, features […]
WEST ORANGE, NJ — The West Orange Township Council decided it was necessary to acquire the redevelopment property on Main Street that is owned by Prism Capital Partners with a resolution and an ordinance on first reading at its July 13 meeting; this would turn phases 2 and 3 over to the town to decide […]
CLIFTON / NUTLEY, NJ — The city of Clifton has granted Prism Capital Partners final site plan approval for a dual-brand Marriott AC/Element Hotel with rooftop bar at ON3, paving the way for the introduction of a hospitality component at the 116-acre flagship redevelopment. “The city of Clifton understands the immense benefits of a world-class, mixed-use property; […]