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Prism Launches Dunellen MXU on Former Industrial Site
Prism Capital Partners has launched Dunellen Station, the redevelopment of the former Art Color industrial facility in Dunellen, NJ into a mixed-use, transit-oriented community. Construction is slated to begin in the summer of 2019.
On the site of a now-obsolete, 400,000-square-foot industrial facility, Prism will construct 194 one and two-bedroom market-rate apartments, and 58 units reserved for low and moderate-income residents, along 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, SVP, residential for Bloomfield, NJ-based Prism. “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.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Development
