Prism Capital to Undertake Multifamily Redevelopment Project in Woodland Park, New Jersey

by Taylor Williams

WOODLAND PARK, N.J. — Locally based development and investment firm Prism Capital Partners will undertake a multifamily redevelopment project in the Northern New Jersey community of Woodland Park. The project will convert a 33-acre former corporate office campus at 385 Rifle Camp Road into a 400-unit apartment community. Twenty percent (80 residences) will be reserved as affordable housing. Jose Cruz, Jeremy Neuer and Ryan Robertson of JLL represented the undisclosed seller in the disposition of the site. Demolition work is underway, but a target completion date has not yet been established.

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