Development partners Ironstate Development Company and The Alpert Group joined officials from the City of Orange, the Township of West Orange and the New Jersey Housing and Mortgage Finance Agency (HMFA) to celebrate the groundbreaking of Harvard Printing.
The new rental community near NJ TRANSIT’s Highland Avenue train station will deliver 128 residences to the Valley neighborhood of Orange, steps from the West Orange border.
The Harvard Printing project includes both the construction of a four-story building that will house 70 affordable rental units and 58 market rate rental units, and the adaptive re-use of a historic art deco building that will be crafted into a 160-car parking deck.
The residential building will offer 99 one-bedroom residences, 21 two-bedroom apartments and 8 three-bedroom residences.
Its construction ties into revitalization initiatives shared by both Orange and West Orange, including the beautification of the East Branch of the Rahway River, the advancement of the Central Valley Redevelopment Plan, and the creation of a mixed-use residential neighborhood and arts district in the Valley neighborhood.
Harvard Printing will be located at 550 Central Avenue in the City of Orange. Monthly rental rates will range from $818 to $1,096 for the affordable units, and $1,215 to $1,665 for the market rate units.
The buildings that Harvard Printing is replacing have been abandoned for years.