A Hoboken-based developer has begun construction on a pair of affordable housing projects in Orange that will create 13 new living spaces including smaller residences and larger townhomes.
Prime City has officially broken ground on two developments at 150 Taylor Street and 151 Taylor Street in Orange. The company acquired both buildings in 2018 and has been working closely with Orange’s Housing Authority on the redevelopment plans to ensure they serve the varied housing needs of the community at large.
150 Taylor Street is set to include four townhomes spanning roughly 1,100 square feet offering one bedroom plus a den. To champion home ownership, each townhouse will be offered at a below-market rate to help facilitate a pathway to traditional homeownership that allows families to build equity in real estate.
Next door at 151 Taylor Street, a former three-family building will be developed into a nine-unit affordable apartment complex. The units will be compliant with the Orange’s Housing Choice Voucher Program (HCVP), which provides affordable housing opportunities for low and moderate-income families.
Both buildings are expected to be completed in 2025.
“We are excited to commence construction on the Taylor Street redevelopment project that will soon bring affordable housing options, as well as equitable homeownership, to the City of Orange,” said Alexander McGee, Co-Founder of Prime City.
“Working together with the local government, we collectively identified the best use for these two properties and believe that both will be pivotal in providing quality housing in an area that desperately needs it.”
The affordable projects in Orange are the second and third developments Prime City commenced this year. The company broke ground back in April on SICA Lofts in Long Branch, which will eventually consist of a four-story, 31-unit apartment community.
Demolition work for that endeavor included the discovery of a century-old Coca-Cola sign on a neighboring building, which has now been preserved and is set to be included in a future art display.