A rendering of a residential building at Dunellen Station in Dunellen — Courtesy: Prism Capital Partners
By Joshua Burd
Prism Capital Partners has unveiled its plans for a new 382-unit residential project alongside the Dunellen train station, where it expects to begin construction by next summer.
The developer said demolition is well underway at the site at 100 South Washington Ave., the longtime home of an obsolete, 400,000-square-foot former Art Color industrial facility. That will clear the way for what Prism has dubbed Dunellen Station, the latest project in its multifamily pipeline.
As part of the redevelopment, Prism will build 194 one- and two-bedroom market-rate apartments and 58 units reserved for low- and moderate-income residents, along with 10,000 square feet of retail. Dunellen Station also will include 130 for-sale townhouses, which will be developed by a national homebuilder.
“This well-situated property is just steps away from Dunellen’s vibrant, walkable downtown business district and directly across from the train station,” said Robert Fourniadis, Prism’s senior vice president of residential. “We have created a diverse range of housing options in order to serve numerous segments of the market, and the new retail components will support residents of Dunellen Station as well as the whole community.”
Dunellen Station will feature amenities such as a clubhouse, meeting rooms, fitness center and outdoor pool with patio and entertainment area. Designed by City Invincible, the property will look to reflect the character of the Art Color building, with the retail component and clubhouse complementing the neighborhood with a transit theme.
For Prism, the redevelopment follows several high-profile adaptive reuse projects in the state. The company is nearing completion of its first phase at Edison Village, the mixed-use redevelopment of the historic Thomas Edison Invention Factory and Commerce Center in West Orange, while it recently launched an industrial-to-residential conversion of the former Wonder Bread factory on Clinton Street in Hoboken.
