A rendering of Edison Village in West Orange — Courtesy: Prism Capital Partners
By Joshua Burd
Prism Capital Partners has launched leasing at its new 334-unit apartment community in West Orange, the centerpiece of what it says is the state’s largest non-waterfront adaptive-reuse project.
The firm said Monday that it has opened an on-site leasing center at The Mews at Edison Lofts in Edison Village, part of a 21-acre industrial-to-residential redevelopment on Main Street. Rents start at $2,100, with units ranging from 796 to 1,336 square feet.
The project has revitalized the formerly vacant, 100-year-old Thomas Edison Invention Factory and Commerce Center in West Orange and is on the verge of opening after more than a decade. The market-rate homes in the first phase will sit above 18,400 square feet of ground-floor retail space.
“The Mews is ushering in a new standard in luxury, downtown living in our state,” said Edwin Cohen, principal partner with Prism. “We are thrilled to take this next step in opening our leasing center and welcome prospective residents to stop by to speak with one of our team members and take a tour.”
The apartments, which include a mix of one- and two-bedrooms, feature high-end appliances and finishes. Residents will also have access to on-site parking as part of a 630-space parking structure, along with amenities such as a private fitness center, indoor swimming pool with a hot tub, rooftop outdoor lounge and green spaces, among others.
Prism was named redeveloper of the site in 2007 but was stalled by the Great Recession and litigation over its plans. As the first phase nears completion, the firm last fall secured full approvals for the project’s second phase, which will add 230 for-sale townhouses.