Developers of Dunellen’s long-awaited transit village ink first commercial tenants

Alexander Lewis, MyCentralJersey.com
·2 min read

DUNELLEN – The first two commercial tenants have committed to lease space at The Nell at Dunellen Station, the mixed-use community on the former Art Color site on South Washington Avenue.

Blue Foundry Bank and Kessler Institute for Rehabilitation leased a combined 5,595 square feet at the transit-oriented development. This leaves 3,700 square feet of unrented space in the retail portion of the project.

The long-awaited project, a partnership between Prism Capital Partners and K. Hovnanian, will have 194 market-rate one- and two-bedroom apartments, 58 low- and moderate-income apartments and 150 for-sale townhomes and a retail building across Washington Avenue from the NJ Transit Station on the Raritan Valley Line.

An architectural rendering of the apartments at The Nell at Dunellen Station.
An architectural rendering of the apartments at The Nell at Dunellen Station.

New Jersey-based Blue Foundry Bank’s new Dunellen branch will offer personal and business banking, including the convenience of drive-thru service.

Kessler Institute, a physical therapy practice, is the highest-ranked rehabilitation hospital in the New Jersey-New York metropolitan area.

Earlier:Long-awaited Dunellen transit village will 'catapult' borough into the future, mayor says

Also see:Dunellen will allow craft breweries and distilleries downtown

The two tenants will occupy a 9,300-square-foot, free-standing retail building directly across from the train station. The on-site residential leasing office for the apartments will be opening soon.

“This multifamily-and-retail development has been carefully planned to be a valuable contributor to the community, and bringing in quality commercial tenants is integral to achieving this goal,” Prism’s Senior Vice President, Residential Robert Fourniadis said in a statement.

The Nell, across from the Dunellen train station, has an approximately 9,300-square-foot, free-standing retail component.
The Nell, across from the Dunellen train station, has an approximately 9,300-square-foot, free-standing retail component.

With this project, Dunellen joins the ranks of towns along NJ Transit's Raritan Valley Line – Plainfield, Bound Brook, Fanwood, Somerville and Raritan Borough – that are hoping to cash into future direct rail service to Manhattan without having to change trains at Newark.

Nutley-based Prism Capital Partners' 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 redevelopment of Thomas Edison’s historic Invention Factory and Commerce Center campus in West Orange.

Email: alewis@gannett.com

This article originally appeared on MyCentralJersey.com: Dunellen NJ transit village developers ink first tenants