Prism Capital Partners is putting the finishing touches on the Edison Lofts building at Edison Village, its industrial-to-residential redevelopment of the historic Thomas Edison Invention Factory and Commerce Center located in downtown West Orange.
The first phase of redevelopment features 334 rental units that will be ready for first occupancy in early summer, along with The Mews at Edison Lofts, a collection of 34 one- and two-bedroom new construction homes that are ready for immediate occupancy.
Edison Village represents the largest non-waterfront adaptive-reuse project in New Jersey, encompassing 21 acres on Main Street in the heart of West Orange Township’s Downtown Redevelopment.
The design takes advantage of existing architectural features of the historic factory to incorporate 14-16-ft. ceiling heights and 10-ft. replica replacement windows.
The project also features 18,400 sq.-ft. of retail space, which will include shops, restaurants and café-style concepts at The Shoppes at Edison Village.
Prism is currently in talks with prospective tenants.
“From the outset, our reimagining of this 100-year-old site centered on preserving a treasured piece of New Jersey’s history while creating both a unique place to live for future residents of Edison Village and a cornerstone of economic growth in West Orange’s Downtown Redevelopment area,” Prism Principal Partner Edwin Cohen said.
Built in 1913 by Thomas Edison, the factory complex on the site of Edison Village served as a manufacturing operation where Edison employees produced storage batteries used in light delivery vehicles, automobiles, railroad signals, industrial applications and mining equipment until it ceased operations in 1965.
Prism has secured approvals for Phase II of the project, which will incorporate 230 for-sale townhouses.