Prism Capital Partners launched construction this month on 10 Green Street, a mixed-use rental community at Woodbridge train station. Located at the corner of Rahway and Green streets, the five-acre redevelopment will include 232 residential units and 12,000 square feet of retail space.
The site was purchased by Prism Capital Partners in partnership with The Northwestern Mutual Life Insurance Company earlier this year and was the former home of Lucas Chevrolet. Situated in the heart of Woodbridge’s walkable downtown and immediately adjacent to NJ Transit’s Woodbridge station, 10 Green Street is a prime parcel for a transit-oriented development.
“Train access and lifestyle amenities — both in-building and within dynamic downtowns — are top-of-mind for today’s renter,” said Edwin Cohen, Prism’s principal partner, in a prepared statement. “This location checks every box in a community that is embracing smart growth initiatives.”
The building will be a mix of studio, one-, two-, and three-bedroom apartments and resident amenities will include a community room with kitchen and bar, fitness center, outdoor pool, patio with grills and firepits, package room, conference room, and covered parking. Residents will also benefit from the street-level retail.
Prism Capital Partners is a Bloomfield, New Jersey-based, privately held owner and operator and an established leader in the industry. Specializing in redevelopment and adaptive reuse, Prism recently completed Edison Village, the mixed-use redevelopment of the historic Thomas Edison Invention Factory and Commerce Center in West Orange. And in Hoboken, Prism’s conversion of the former Wonder Bread factory is underway.