Earthwork and utility construction is underway at Dunellen Station, marking the official groundbreaking for Prism Capital Partners’ redevelopment of the former Art Color industrial facility at 100 South Washington Avenue. The developer anticipates delivering this transit-oriented multifamily/retail community in Spring 2022.
Prism will construct 194 one- and two-bedroom market-rate rental apartments and 58 units reserved for low- and moderate-income residents, along with 10,000 square feet of retail at Dunellen Station. The property also will include 130 for-sale townhouses, which will be developed by a national homebuilder.
“Dunellen Station will offer a diverse range of housing options in order to meet the needs of multiple segments of the market,” said Robert Fourniadis, Prism’s senior vice president, residential. “Future residents will enjoy all the benefits of downtown living, along with onsite support retail and abundant lifestyle amenities. We are so pleased to be moving forward with this outstanding project.”
Dunellen Station is situated just steps from the borough’s vibrant, walkable downtown; directly across from the train station; and convenient to regional thoroughfares including interstates 78 and 287, and Route 22. Residents will enjoy a host of lifestyle amenities including a clubhouse, meeting rooms, fitness center, outdoor pool with patio and entertainment area. Designed by City Invincible, the community reflects the character of the former Art Color building with the clubhouse and retail elements incorporating a transit theme to complement the neighborhood.
Nutley-based Prism Capital Partners is an established leader in the redevelopment and adaptive reuse arena. The privately held owner/operator’s current Garden State multifamily projects also include Avenue & Green, a mixed-use, transit-village community in Woodbridge; Wonder Lofts, the conversion of the former Wonder Bread factory site on Clinton Street in Hoboken; and Edison Village, the redevelopment of Thomas Edison’s historic Invention Factory and Commerce Center campus in West Orange.
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