Edison Village, Prism Capital Partners’ industrial-to-residential reimagining of the historic Thomas Edison Invention Campus, is ushering in a new brand of contemporary, amenity-filled living in Essex County, N.J. Encompassing 21 acres along Main Street in West Orange, Edison Village features 334 spacious apartments and 18,400 square feet of new retail and dining offerings surrounded by park-like green spaces and landscaped grounds. Luxury studio, one-, two- and three-bedroom homes in the restored factory building, known as The Residences at Edison Lofts, are now available for immediate occupancy.
“At Edison Village, modern amenities support active lifestyles of residents of all ages and foster a vibrant sense of community,” said Prism’s Edwin Cohen, principal partner.
In addition to the 300 apartments in the Edison Lofts building and new retail, Phase I of Edison Village has included the development of a 630-space parking structure and The Mews, a boutique collection of 34 one- and two-bedroom new construction homes, which has one remaining home to be leased.
Healthy Living Made Easy with Indoor Pool, Private Gym and Park-Like Grounds
With a focus on healthy living for its residents, Edison Village features an indoor swimming pool and a private 5,000-square-foot fitness center with state-of-the-art equipment, including Peloton Bikes. In addition, the fitness center has a sauna, showers and lockers. Edison Village’s park-like grounds encourage residents to walk, run or bike around the landscaped property.
A Place to Relax, Dine and Take in the Manhattan Skyline
Edison Village’s expansive rooftop lounge offers residents and their guests 360-degree, unobstructed views of the surrounding areas and the Manhattan skyline. The 12,000-square-foot lounge boasts a 5,000-square-foot covered outdoor deck and 8,000 square feet of open space with an array of seating options, grills and an attached kitchen for catering.
Edison Village will provide concierge services and features a business center, media/screening room, private dining room, storage components and even a dog wash for four-legged friends. Residents can commute to Manhattan and other locales with ease with Edison Village’s convenient shuttle service to the Orange Train Station.
“Edison Village aims to exceed the needs of all of its residents when it comes to both luxury living and convenience,” added Prism’s Eugene Diaz, principal partner. Prism Capital Partners is an experienced real estate owner/operator with a proven track record of creating value through select real estate investments and developments.
Just steps from residents’ front doors, The Shoppes at Edison Village will offer a new in-town shopping and dining experience for both residents and the public. The Shoppes will feature restaurants and café-style concepts and include an interior plaza with a cascading fountain. Ideally-situated in downtown West Orange, Edison Village is near Bloomfield and Montclair.
The market-rate residences at Edison Lofts range from 590 to 1,500 square feet and include 20 penthouse duplex homes to be released later this year. The design, by Minno & Wasko Architects and Planners, takes advantage of the myriad of existing architectural features of the historic factory, including incorporating 14- to 16-foot ceiling heights and 10-foot replica replacement windows to let in abundant natural light. Boasting spacious layouts, the homes feature designer kitchens with stainless steel appliances and luxury bathrooms. Starting prices for studios, one-, two-, and three-bedrooms range from $1,625 to $4,500.
About Prism Capital Partners
Headquartered in Bloomfield, N.J., Prism Capital Partners is an experienced real estate owner/operator with a proven track record of creating value through select real estate investments and developments. Geographically focused in the New Jersey/New York/Connecticut market, Prism specializes in identifying, acquiring and creating unique, value-added opportunities in the office, retail, industrial and residential sectors. The company invests with institutional and private capital sources that rely on Prism’s ability to identify and realize the highest value potential in real estate endeavors of all sizes. To date, the 16-year-old company, with its capital partners, has invested more than $750 million in 17 projects totaling over 5 million square feet.
