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  • Writer's pictureMAREJ

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 units reserved for low- and moderate-income residents, as well as 10,000 s/f 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 Prism’s Robert Fourniadis, senior vice president, residential. “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.”

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