The sky lounge at The Residences at Edison Lofts in West Orange — Courtesy: Prism Capital Partners
By Joshua Burd
Prism Capital Partners has released the final block of new apartments at a 300-unit adaptive reuse project in West Orange, citing the ongoing demand for its luxury residential offerings.
The developer on Thursday said immediate occupancy is available at The Residences at Edison Lofts, part of its sweeping redevelopment of Thomas Edison’s historic laboratory complex in the municipality’s downtown. Located along Main Street, the property offers homes with high-end finishes and the site’s original architectural features, including 14- to 16-foot ceiling heights and eight- and 10-foot replica replacement windows.
“Edison Lofts has evolved into a vibrant community,” said Edwin Cohen, a principal partner with Prism. “We are seeing continued demand for brand-new product, and because we have introduced the community in phases, we are still able to offer ‘never-lived-in’ homes.”
The newly released apartments at the restored 100-year-old factory building include studio, one-, two- and three-bedroom floorplans. Cohen also touted the property’s amenities, which include a 5,000-square-foot fitness center, a heated indoor pool, a 12,000-square-foot rooftop indoor and outdoor sky lounge and a self-serve café.
Residents also have access to media screening and theater rooms, personal and bike storage, a dog-washing station and complimentary shuttle service to two local train stations.
“With so many professionals working from home, and a strong likelihood that remote or hybrid schedules will continue, luxury apartment communities like Edison Lofts have become the latest ‘live-work-play’ settings,” Cohen said. “Edison Lofts provides a perfect environment to achieve work-life balance at home.”
The Edison Lofts portion of the 21-acre Edison Village redevelopment also included the ground-up construction of a 630-space parking structure and 18,400 square feet of retail topped by The Mews at Edison Lofts, a collection of 34 one- and two-bedroom homes with limited availability remaining, Prism said. At build-out, Edison Village will incorporate additional housing options, including for-sale townhomes.
