BEST REDEVELOPMENT-ADAPTIVE REUSE PROJECT of 2021
Edison Lofts, West Orange, NJ
Size: 334 Apartments/18,500 SF of Retail
Type: Industrial-To-Multifamily/Retail
Edison Lofts – Prism Capital Partners Capital Partners’s award-winning multifamily/retail adaptive reuse of Thomas Edison’s Invention Factory and Commerce Center – reached full occupancy in 2021. The Minno & Wasko-designed luxury rental community showcases the transformation of the once-crumbling, 400,000 SF Edison Battery Factory building and grounds. READ MORE
BEST HISTORIC PRESERVATION PROJECT of 2021
Wonder Lofts, Hoboken, NJ
The highly anticipated industrial-to-residential adaptation of Hoboken’s former Wonder Bread factory was introduced in fall 2021, and within five months the homes were 60% sold. Prism Capital Partners partnered with Angelo, Gordon & Co. and Parkwood Development Corp. to transform the c.1909 bakery building and surrounding site; Wonder Lofts ultimately will include 83 for-sale and six rental multifamily units in three buildings. READ MORE
LARGEST MEDICAL OFFICE LEASE of 2021
ON3, Clifton, NJ
Size: 80,000 SF
Construction is scheduled to begin imminently on an 80,000 SF build-to-suit medical office building for Hackensack Meridian Health at Prism’s ON3 campus. It will include an ambulatory surgical center and additional multi-specialty practice areas, supporting HMH’s mission to deliver the highest-quality healthcare services to the local community. READ MORE
LARGEST MIXED-USE PROJECT
ON3, Clifton, NJ
Type of Mixed-Use: Office and R&D, retail, hospitality, education and wellness
Size: 116 acres
Prism’s world-class redevelopment of the former Hoffman-La Roche North American headquarters campus, saw significant milestones in 2021, including: receiving final site plan approvals from the City of Clifton for a build-to-suit medical office building for Hackensack Meridian Health and for a 266-room, dual-branded Marriott AC/Element Hotel with a rooftop bar; and the adoption by Clifton of a new redevelopment plan accommodating limited retail uses (restaurants, small shops, a neighborhood market and others). READ MORE
LARGEST HOSPITALITY PROJECT of 2021
ON3, Clifton, NJ
Size: 266 rooms
The City of Clifton granted final site plan approval for a dual-brand Marriott AC/Element Hotel with rooftop bar at ON3, paving the way for the introduction of a hospitality component at the 116-acre flagship redevelopment. The 266-room Marriott AC/Element Hotel will feature both limited-service and extended-stay options. The seven-story structure will occupy a parcel visible from Route 3. READ MORE
BEST DIVERSIFIED COMPANY of 2021
With high-profile projects ranging from luxury rental and for-sale multifamily, to office and mixed-use redevelopment, to turn-of-the-century industrial adaptive reuse, Prism Capital Partners continues to significantly and positively impact its regional commercial and residential real estate markets, businesses and local communities. The diversified, award-winning company is both an active investor – buying income-producing assets and undervalued properties – and multi-faceted developer – implementing development and redevelopment opportunities utilizing its full in-house capabilities. READ MORE
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