14C — July 23 - August 19, 2021 — Owners, Developers & Managers — M id A tlantic Real Estate Journal


O wners , D evelopers & M anagers

UNELLEN, NJ — Earthwork and util- i ty construct ion is City Invincible designs transit-oriented multifamily/retail community Prism Capital Partners breaks ground at Dunellen Station in Dunellen, New Jersey D

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 liv - ing, 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 re- gional thoroughfares including interstates 78 and 287, and Rte. 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 Invin-

cible , the community reflects the character of the former Art Color building with the club- house and retail elements in- corporating 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 multi- family 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 rede- velopment of Thomas Edison’s historic Invention Factory and Commerce Center campus in West Orange. MAREJ

u n d e r w a y a t Du n e l - len Station, m a r k i n g the off icial g r o u n d - b r e a k i n g f o r Pr i sm C a p i t a l Partners ’

Robert Fourniadis

redevelopment of the former Art Color industrial facility at 100 South Washington Ave.. The developer anticipates de- livering this transit-oriented multifamily/retail community in Spring 2022. Prism will construct 194 one- and two-bedroommarket- rate rental apartments and 58 units reserved for low- and WILMINGTON, DE — Wilmington-based developer, The Buccini/Pollin Group, Inc. (BPG) announced the purchase of Lincoln Square. Located at 300-318 N Mar - ket St., Lincoln Square is a collection of ten contiguous buildings totaling 48,000 s/f, which encompasses an entire city block in Downtown Wilm- ington. BPG plans to convert the upper floor office space into 39 residential apartments and maintain the existing ground- floor retail. The company closed on the acquisition on June 3, 2021. Originally developed in the 1800s as a collection of individ - ual townhomes, the property was first converted to retail space in the years following the Civil War. By the end of the 19th century, Lippincott & Co occupied most of the block from 306-314 Market St. The department store thrived as “one of the leading merchan - dise locations in Wilmington” for over 60 years, as described by the Wilmington City Direc- tory in 1940. After many years of ne - glect and abandon, Market Preservation Initiatives, LLC completed a comprehensive interior and exterior historic renovation of the buildings in 2008, introducing ground-floor retail, adjoining commercial office space on the upper floor, and a common-entry lobby. The property was then re-

Dunellen Station

moderate-income residents, along with 10,000 s/f of re - tail 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

The Buccini/Pollin Group acquires Lincoln Square Wilmington, DE

WBWood&CFSGroup partner to prepare companies for a safe return to the office

and those projects convinced us to join forces and provide a platform to further grow our respective businesses.” WB Wood is a Haworth Preferred Dealer in the greater New York metro- politan region. Haworth is a designer and manufacturer of adaptable workspaces, including systems furniture, seating, storage, movable walls and wood casegoods. WB Wood enjoys access to the full suite of Haworth products, including Zody and Fern seating; Openest lounge and desking elements; Com- pose workspaces; and the soon-to-launch freestand - ing architectural workspace called Pergola. TheWBWood and Haworth partnership also includes additional de- sign and technology brands such as Janus et Cie, Buzz- iSpace, Cassina, Cappellini, Poltrona Frau, Tuohy, Gan Rugs, Pablo Lighting and Bluescape. As a result of to - day’s announcement, the full access to Haworth products is extended to CFS Group. With offices in New York City and Basking Ridge, New Jersey, WB Wood provides a full range of procurement, furniture and project man - agement services to busi- nesses and institutions in the public and private sector, in- cluding J.P. Morgan, CBRE Inc., and Nielsen, among other industry-leading cli- ents. MAREJ

NEW YORK, NY & TIN- TON FALLS, NJ —- WB Wood , one of the oldest

and largest commercial f u r n i t u r e dealerships and man - a g e m e n t companies in the Unit- ed States , a n d C F S

Richard Mines

Group , an entrepreneur- ially driven full-service office furniture dealer based in New Jersey announced the formation of a partnership to provide businesses with a full suite of services and office furniture needs as com - panies prepare for a return to an in-office environment. “I am pleased to announce CFS Group has become a partner company of WB Wood,” said RichardMines , owner of WB Wood. “As a result, CFS, a full-service dealer currently with no af - filiation to a major line, will now have access to the full product set of Haworth and WB Wood’s infrastructure.” “CFS Group is thrilled to formalize the relationship with WB Wood,” said Jared Brechman, partner. “For the past 10 years, my busi- ness partner Brian Perillo and I have enjoyed a con- structive working relation- ship on strategic projects with Rich Mines and the en- tire WB Wood organization,

305 N Market St.

Square name and plans invest $12.1 million in revitalizing this historic block of Market Street to its former vibrancy. BPGS Construction will manage the construction, Studio Jaed Architects will oversee the design, ResideB- PG will handle residential leasing, and V irtus Realty Advisors will handle com- mercial leasing. The project is expected to be completed in Spring 2022. MAREJ

named Lincoln Square in honor of Abraham Lincoln’s visit to Wilmington on June 10, 1848. Congressman at the time, Lincoln addressed mem- bers of the Whig political party from the balcony of the Fourth Street Market House, which was located in the center of 4th Street between Orange and Market Streets. This was Lincoln’s only documented visit to Delaware. BPG will adopt the Lincoln

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