MAREJ
- Apr 9, 2020
Best of 2019 - Most Unique Mixed-Use Project - Prism Capital Partners
Prism Capital Partners
ON3
Clifton and Nutley, NJ Type of mixed-use: Office, R&D, recreation, hospitality, among others
Size: 116 acres
The intersection of urban vitality and suburban flexibility sits just nine miles from Manhattan at ON3. A growing roster of organizations in life sciences and biotech, along with major corporate tenants, is gravitating to New Jersey’s largest redevelopment, rapidly securing its future as a world-class, next-generation campus. These us
MAREJ
- Apr 6, 2020
Best of 2019 - Best New Project Breaking Ground - Prism Capital Partners
Prism Capital Partners
10 Green at Woodbridge Station
Woodbridge, NJ Size: 232 apartments; 12,000 SF of retail on 5 acres
Prism acquired this five-acre, former Lucas Chevrolet dealership property in Woodbridge and is transforming the under-utilized site into a luxury, mixed-use transit-oriented community. Upon completion, the property will feature 232 apartments, a host of modern amenities and 12,000 SF of retail. Located at the corner of Rahway Ave. and Green St., the pro
MAREJ
- Apr 6, 2020
Best of 2019 - Best Historic Preservation Project - Prism Capital Partners
Prism Capital Partners
Wonder Lofts
Hoboken, NJ Size: 83 for-sale/six rental multifamily units
The industrial-to-residential conversion of the former Wonder Bread factory on Clinton Street in Hoboken ultimately will yield 83 for-sale and six rental multifamily units in three buildings. The property, designed by Minervini Vandermark, will feature preserved, architecturally significant detail. The conversion of the existing, seven-story, c. 1909 bakery buildings will introd
MAREJ
- Mar 24, 2020
Prism Capital Ptrs. relocates HQ to ON3’s 200 Metro Blvd., Nutley
NUTLEY, NJ — Prism Capital Partners has relocated its headquarters to ON3, the commercial real estate owner/operator’s 116-acre redevelopment spanning the Township of Nutley and City of Clifton. The move from nearby Bloomfield to 200 Metro Blvd., the campus’ signature, LEED-certified office tower, serves to unify the company’s operations at this flagship project.
The move also responds to a significant period of growth for Prism. “We are excited to officially call ON3 our ho
MAREJ
- Jul 19, 2019
Prism & Northwestern complete purchase of Woodbridge redev. site
WOODBRIDGE, NJ — A joint venture of Prism Capital Partners and Northwestern Mutual Insurance Company has completed the purchase of a five-acre redevelopment parcel at the corner of Rahway Ave. and Green St. in Woodbridge. With full approvals in place, Prism – as operating partner – will transform the site into a mixed-use, transit-oriented community consisting of 232 apartments and 12,000 s/f of retail space.
Cushman & Wakefield’s New Jersey capital markets team orchestrate
Two new towers will add 400
- Jun 26, 2019
Prism Capital Partners retains Goettsch Partners to design first ground-up office development at ON3
CLIFTON, NJ — Prism Capital Partners has retained Chicago-based architectural firm Goettsch Partners to design a new class A office complex at ON3, announced Prism’s Eugene Diaz, principal partner. The planned development of two towers would add 400,000 s/f of office space to the Clifton side of the 116-acre campus, which also spans Nutley Township.
“This project could mark the first new trophy-grade, multi-tenant construction that the Northern New Jersey office market has
By Edwin H. Cohen, Prism Capital Partners
- Apr 30, 2019
Lifestyle-focused workplaces, growing lab demand shaping New Jersey market
With one full quarter in the books, 2019 is shaping up nicely for the New Jersey commercial real estate market. Fundamentals and trending continue to head in the right direction, with several notable themes emerging.
Among them, corporations are recognizing that investing in their real estate enables them to create the type of workplace lifestyle – with plentiful enhanced amenities, image and atmosphere – needed to develop teams rich with top-quality labor. One of the most
Prism Capital Partners
- Apr 10, 2019
Best of 2018: The Largest Multifamily Project
Edison Lofts at Edison Village-West Orange, NJ Size: 400,000 SF
Edison Village, Prism’s industrial-to-residential/retail redevelopment of the Thomas Edison Invention Factory and Commerce Center, centers on the transformation of the historic, 100-year-old Thomas Edison Battery Building into The Residences at Edison Lofts. The last factory structure remaining at the 21-acre site (which is on both the National and NJ Registers of Historic Places) today features 300 rental apar
Prism Capital Partners
- Apr 9, 2019
Best of 2018: The Owners Largest Property
Former Lucas Chevrolet Dealership Site, -Woodbridge, NJ Size: 5 Acres
Former Lucas Chevrolet Dealership Site
Corner of Rahway Ave./Green St.
Woodbridge, NJ
Prism acquired the five-acre, former Lucas Chevrolet dealership property in Woodbridge and is transforming the under-utilized site into a luxury, mixed-use transit-oriented community. Upon completion, the property will feature 232 apartments, a host of modern amenities and 12,000 s/f of retail. Located at the corner of
Prism Capital Partners
- Apr 5, 2019
Best of 2018: The Most Significant/Unique Multifamily Acquisition
Former Lucas Chevrolet Dealership Site-Woodbridge, NJ Size: 12,000 SF of retail on 5 acres 232 Apartments
Prism acquired the five-acre, former Lucas Chevrolet dealership property in Woodbridge and is transforming the under-utilized site into a luxury, mixed-use transit-oriented community. Upon completion, the property will feature 232 apartments, a host of modern amenities and 12,000 s/f of retail. Located at the corner of Rahway Ave. and Green St., the property sits in the
MAREJ
- Feb 6, 2019
Prism Capital Partners launches Dunellen Station with demolition of obsolete industrial facility
DUNELLEN, NJ — Prism Capital Partners has launched Dunellen Station, the redevelopment of the former Art Color industrial facility into a mixed-use, transit-oriented community. The Bloomfield-based adaptive reuse specialist this fall commenced demolition of an obsolete, 400,000 s/f industrial facility on the site at 100 South Washington Ave.; construction is slated to begin in the summer of 2019.
Prism will construct 194 one- and two-bedroom market-rate apartments and 58 un
MAREJ
- Dec 21, 2018
IREM members Tour Prism’s The Residences at Edison Lofts
WEST ORANGE, NJ —Members of the Institute of Real Estate Management’s (IREM’s) New Jersey Chapter 1 toured The Residences at Edison Lofts in Edison Village, Prism Capital Partners’ adaptive reuse of the historic Thomas Edison Invention Factory and Commerce Center in West Orange.
Jonathan Hoff, RPA, CPM, Prism’s senior vice president of management services – who also serves as vice president of IREM New Jersey – facilitated the tour. The Residences at Edison Lofts features 3
Iconic Lifestyle Brand to Join Industry-Leading
- Sep 24, 2018
Ralph Lauren makes full-building commitment at Prism Capital Partners’ ON3
NUTLEY AND CLIFTON, NJ — Ralph Lauren Corporation has signed a full-building lease at Prism Capital Partners’ ON3, becoming the latest tenant to commit at the 116-acre campus in Nutley. The iconic American lifestyle brand will remain headquartered in NYC and will move its New Jersey hub to 100 Metro Blvd., supported by a $33 million Grow NJ grant.
Prism Capital Partners will immediately launch a renovation of the seven-story building, highlighted by a complete lobby redesi
New homes situated within redevelopment of
- Sep 5, 2018
Prism Capital Partners & Berkshire Hathaway experience The Mews at Edison Lofts in West Orange
WEST ORANGE, NJ — During a recent Open House Luncheon, leadership and brokers of Berkshire Hathaway HomeServices New Jersey Properties experienced The Mews at Edison Lofts within Prism Capital Partners’ redevelopment of the historic Thomas Edison Invention Campus in West Orange. The Mews features a boutique collection of 34 one- and two-bedroom new construction homes with spacious layouts.
“It was our pleasure to have the Berkshire Hathaway team join us for lunch and a tour
MAREJ
- Feb 21, 2018
Prism Capital Partners announces ON3 campus operational team
NUTLEY, NJ — With redevelopment momentum picking up speed at ON3, Prism Capital Partners has assembled a talented and seasoned team to oversee day-to-day operations, announced Eugene Diaz, principal partner. The five-member group includes three former Hoffmann-La Roche employees, who bring more than 90 years of combined experience at the 116-acre campus in Nutley and Clifton. “ON3 is a highly complex site from an operational standpoint,” Diaz said. “Beyond the sheer scope of
By Edwin Cohen, Prism Capital Partners
- Jan 3, 2018
2017: A year of steady progress and milestones for ON3
2017 marked a year of steady progress at our ON3 project in Nutley and Clifton, NJ. With master planning well underway, the redevelopment of this 116-acre former Hoffmann-La Roche campus is positioned to set a benchmark in Walking Urbanism. It promises a world-class, mixed-use setting integrating office and R&D facilities, recreational, hospitality and wellness options as well as all other uses that will comprise the 24/7 environment.
Two buildings being converted for the n
MAREJ
- Dec 27, 2017
Exterior restoration, retail component nearing completion at Prism’s Edison Village in NJ
WEST ORANGE, NJ — Exterior building restoration is nearing completion at Edison Village, Prism Capital Partners’ industrial-to-residential redevelopment of the historic Thomas Edison Invention Factory and Commerce Center in West Orange. According to Eugene Diaz, principal partner, the project has progressed at a rapid pace.
Edison Village, representing the largest non-waterfront adaptive-reuse project in NJ, encompasses 21 acres on Main St., in the heart of West Orange Towns
MAREJ
- Jun 10, 2015
Prism secures $10 million construction loan for 48,000 s/f LA Fitness through People’s United
WEST ORANGE, NJ — Prism Capital Partners, LLC has secured a build-to-suit lease and construction financing for a 48,000 s/f LA Fitness health club, which the firm is currently developing at 471 Prospect Ave. in West Orange. Prism broke ground in March and anticipates completing the building before the end of the year.The West Orange facility will include a full range of equipment and amenities including an indoor pool, basketball court and kids’ club. CBRE/FAMECO represented
MAREJ
- Apr 1, 2015
Prism signs purchase agreement for Woodbridge, NJ redevelopment site
WOODBRIDGE, NJ — Prism Capital Partners has signed a definitive agreement to purchase a five-acre parcel at the corner of Rahway Ave. and Green St. in Woodbridge. Prism Capital Partners intends to develop the site, located directly across from NJ Transit’s Woodbridge Station, as a 180-unit multi-family rental community. The property, former home to the Lucas Chevrolet dealership, has been designated by the Township of Woodbridge for redevelopment and is already zoned resident