WEST ORANGE, NJ — At its June 26 meeting, the West Orange Township Council approved a resolution allowing the transfer of Greenfield’s ownership interests in DGP Urban Renewal and Prism Green Associates IV, the redevelopers for Edison Village on Main Street. DGP was responsible for the recently completed Phase I of the project and Prism […]
WEST ORANGE, NJ — Alexander Howze, a longtime resident of West Orange and the surrounding area, has watched the industrial-to-residential redevelopment of the historic Edison Factory from the very start. Now, as one of the first residents of The Mews at Edison Lofts, Howze is looking forward to participating in the final stages of the […]
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 Township Council recently approved Phase II of Prism Capital Partners’ redevelopment plan as the Phase I of the Edison Village project nears completion. At its Sept. 19 meeting, the council passed several ordinances that will allow Prism to continue to build its Main Street project, which will ultimately […]
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 […]
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 […]