The industrial-to-residential redevelopment of the historic Thomas Edison Invention Factory and C
The industrial-to-residential redevelopment of the historic Thomas Edison Invention Factory and Commerce Center in West Orange is underway, announced Prism Capital Partners.
The Bloomfield, NJ-based real estate owner/operator will introduce 333 rental units, 18,400 s/f of retail and a 630-space parking structure in Phase I of Edison Village.
The project represents the largest non-waterfront adaptive-reuse redevelopment project in New Jersey.
Edison Village encompasses 21 acres on Main Street, in the heart of West Orange Township’s Downtown Redevelopment Area.The site is bounded to the west by the historic Llewellyn Park, one of New Jersey’s premier gated communities.
The newly refurbished Edison National Historic Site and museum also is located adjacent to the property. Phase I of Edison Village involves the total renovation and reconstruction of the 100-year-old factory complex.
“Since industrial structures of this type are few and far between in suburban New Jersey, Edison Village represents a truly distinctive project,” noted Prism’s Eugene Diaz, principal partner.
“The design, by Minno & Wasko Architects and Planners, takes advantage of existing architectural features to incorporate ceiling heights ranging from 14 to 16 feet and 10-foot replica replacement windows that will let in abundant natural light.”
The studio, one, two and three bedroom, market-rate residences will range from 590 to 1,500 s/f, with 20 penthouse duplex residences.
Residents will have access to a private fitness center, swimming pool, rooftop deck, personal and bike storage, meeting rooms, and doorman service, among other amenities. A mid-2018 opening is anticipated.
Edison Village’s retail component – expected to be completed in mid-2017 – will be constructed on the corner of Charles Street and along Main Street.
The project’s Phase II will incorporate 230 townhouses and 20,000 s/f of retail.