Edison Village, West Orange

edisonvilreno

thomas-edison-battery-bldg

The redevelopment of the former Thomas Edison battery building in West Orange, N.J. into a project that will include retail space, apartments, and townhouses remains on hold.  The developer, Prism Capital Partners hopes to build 610 housing units and a 640-space parking garage.

The matter is currently pending before the State Supreme Court.  A few town residents challenged a $6.3 million dollar bond issue that the town plans to use to fund infrastructure upgrades. “We are challenging because we feel it’s not fair to taxpayers of West Orange to subsidize a private developer,” said Windale Simpson, one of the residents who filed the suit.  See links below for more details

http://www.wsj.com/articles/SB10001424052702303980004579576120638433480

http://therealdeal.com/blog/2014/05/23/lawsuit-halts-west-orange-edison-village-revamp/

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