Rendering of Dunellen Station multifamily development, 100 South Washington Avenue, Dunellen, NJ
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, NJ-based adaptive reuse specialist this fall commenced demolition of an obsolete, 400,000-square-foot industrial facility on the site at 100 South Washington Avenue; 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 square feet 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,” says 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.”
Dunellen Station amenities include a clubhouse, meeting rooms, fitness center, outdoor pool with patio and entertainment area. Dunellen Station's design, by City Invincible, reflects the character of the former Art Color building, with the retail component and clubhouse complementing the neighborhood with a transit theme.
Prism Capital Partners is wrapping up Phase I construction at Edison Village, the mixed-use redevelopment of the historic Thomas Edison Invention Factory and Commerce Center in West Orange. The 21-acre site represents the largest non-waterfront adaptive-reuse project in New Jersey. In Hoboken, Prism's industrial-to-residential conversion of a former Wonder Bread factory on Clinton Street is moving forward, with interior demolition now underway.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
