Prism Capital Partners announced on Thursday that it has opened up the last remaining block of new apartments to lease at its luxury rental community in West Orange.
The Residences at Edison Lofts is a 100-year-old reimagined factory building that features 300 homes made up of studio, one-, two- and three-bedrooms as well as 21 penthouses, each with a private outdoor terrace.
“Edison Lofts has evolved into a vibrant community,” Edwin Cohen, principal partner, Prism, said. “We are seeing continued demand for brand-new product, and because we have introduced the community in phases, we are still able to offer ‘never-lived-in’ homes.”
Each home has high-end finishes and shows off architectural features of the old factory, such as 14- to 16-foot ceiling heights, and 8- and 10-foot windows.
Cohen said Edison Lofts’ lifestyle amenities make it a popular place to rent and strengthens its competitive advantage in the current climate.
“With so many professionals working from home, and a strong likelihood that remote or hybrid schedules will continue, luxury apartment communities like Edison Lofts have become the latest ‘live/work/play’ settings,” he said. “Edison Lofts provides a perfect environment to achieve work-life balance at home.”
Amenities at the community include a 5,000-square-foot fitness center, heated indoor pool, 12,000-square-foot rooftop lounge with all-around views of the Manhattan skyline, outdoor green spaces, a cafe, work stations, concierge service, personal and bike storage, a dog-washing station, complementary shuttle service to nearby train stations, and more.
Edison Lofts is part of the 21-acre Edison Village redevelopment and also includes a 630-space parking structure and 18,400 square feet of retail.
