Prism Capital Partners has reached a milestone of 100 leases signed at its Residents at Edison Lofts in Edison Village. The milestone coincides with the formal completion of construction at the Residences, an adaptive reuse of the Thomas Edison Factory and Commerce Center property on Main Street in West Orange, NJ.
The developer’s efforts have transformed the 100-year-old factory building and surrounding grounds into a mix of residential and retail components. “Edison Village has become a vibrant community, attracting interest locally and from the surrounding area, as well as renters from out of state,” said Prism’s Edwin Cohen, principal partner.
“There is nothing else like it – from the unique historical setting to the full suite of modern amenities,” he continued. “This distinctive nature and price point compared to those on the Hudson waterfront has contributed to sustained brisk leasing here.”
Prism recently completed amenity spaces and unveiled 21 penthouse homes.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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