Some say the development will overcrowd the schools
WEST ORANGE, NJ — Representatives from the township, school district and Prism Capital Partners are saying the first phase of the Edison Village project will not have a major impact on local schools when people move into the mixed-use project’s residential units. Though the first phase of the project includes a total of 333 apartments, […]
Despite HPC insistence that Prism is using the wrong plans, redeveloper maintains that HPC is mistaken
WEST ORANGE, NJ — The West Orange Historic Preservation Commission told the Township Council during the council’s Sept. 6 meeting that Prism Capital Partners, which is currently overseeing development on the construction of the Edison Village complex, has not been using the drawings for the Main Street building facade that the HPC had approved for […]
WEST ORANGE, NJ — Construction on the Edison Village residential and retail complex is continuing as scheduled since work started in February, according to one of the principal partners of Prism Capital Partners, which is overseeing Phase 1 of the project. Eugene Diaz told the West Orange Chronicle that interior demolition and remediation have been […]
SOUTH ORANGE, NJ — Seton Hall University and Hackensack Meridian Health announced July 14 that the two organizations have signed an agreement for a long-term lease with real estate development firm Prism Capital Partners to lease 16 acres, including two state-of-the-art buildings, on the former Hoffmann-La Roche biomedical campus located in Nutley and Clifton to […]
WEST ORANGE, NJ — The industrial-to-residential redevelopment of the historic Edison Battery building and property in West Orange is under way, according to an April 22 press release from Prism Capital Partners. The Bloomfield-based real estate owner plans to introduce 333 rental units, 18,400 square feet of retail and a 630-space parking structure in Phase […]
WEST ORANGE, NJ — Construction has finally begun on the long-stalled Edison Village project, approximately 10 years after the township first entered into a redevelopment agreement to build the mixed-use complex. According to Mayor Robert Parisi, workers have started interior demolition within the Edison Battery building, clearing some of the existing infrastructure in preparation for […]
DGP closes on long-awaited $70 million loan for Edison Village with PNC Bank, property transferred
WEST ORANGE, NJ — Edison Village redeveloper DGP Urban Renewal LLC has finally closed on its $70 million construction loan, resulting in the transfer of property from former redeveloper GP 177 Main Urban Renewal LLC to DGP and the execution of the August 2015 redevelopment agreement. The West Orange Township Council approved the modification to […]
Despite issuance of yet another default letter, town officials remain confident in redevelopment
WEST ORANGE, NJ — The township of West Orange issued yet another default letter to Edison Village redeveloper Prism Capital Partners on Nov. 11, after the real estate operator failed to pay fourth-quarter taxes on its redevelopment properties before both the Nov. 1 due date and Nov. 10 extended deadline. Township redevelopment counsel Jennifer Credidio’s default […]