Real Estate
Edison Lofts Building In West Orange Almost Ready: Developer
Edison Village in West Orange is "the largest non-waterfront adaptive-reuse project in New Jersey," its developer says.
WEST ORANGE, NJ — The “finishing touches” are being put on the Edison Lofts building at Edison Village in West Orange, bringing the redevelopment of the historic Thomas Edison Invention Factory and Commerce Center a step closer to completion, the project’s stakeholders announced Wednesday.
According to a news release from Prism Capital Partners, Edison Village represents “the largest non-waterfront adaptive-reuse project in New Jersey,” encompassing 21 acres on Main Street in the heart of West Orange Township’s Downtown Redevelopment.
Phase I of the development project features 18,400 square feet of retail space and a 650-space parking structure. It also features 334 rental units, including The Mews at Edison Lofts, a collection of 34 one- and two-bedroom new construction homes that has already welcomed its first residents.
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The completely renovated and reconstructed 100-year-old factory, known as the Edison Lofts building, will have 300 studio, one-, two- and three-bedroom market-rate residences, ranging from 590 to 1,500 square feet, and 20 penthouse duplex residences, Prism Capital Partners stated.
- See related article: West Orange Prepares For Phase 2 Of Edison Redevelopment Project
“We are very pleased that the final stages of redevelopment work on the Edison Lofts building are nearing completion, and we expect to take first occupancy in the building in early summer,” said Edwin Cohen, a principal partner at Prism.
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“From the outset, our reimagining of this 100-year-old site centered on preserving a treasured piece of New Jersey’s history while creating both a unique place to live for future residents of Edison Village and a cornerstone of economic growth in West Orange’s Downtown Redevelopment area,” Cohen said.
Get an inside look at the brand new Edison Lofts in Downtown West Orange. Now leasing for immediate occupancy. Go to https://t.co/RRpJBGpeXX for more info! @downtownwo #westorangenj #downtownwestorange pic.twitter.com/V8SiO5SkqU
— West Orange, NJ (@WestOrangeInfo) April 19, 2018
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Artist Rendering: Prism Capital Partners
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