Edison Traffic Signal Fully Funded By Developer

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EDISON — With the flip of a switch by Edison Mayor Antonia Ricigliano, the newly installed traffic signal at Carter Drive & Talmadge Road, is up and running. The $300,000 safety project, funded by Edison developer Wick Companies, LLC and Avidan Management, LLC, was an enhancement the Edison Commerce Center built two years ago.

“After the center was built, we recognized the community’s need for a traffic signal to facilitate a left turn onto Talmadge Road and turning into the Edison Commerce Center,” said Bob Paulus for Wick Companies, LLC.

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The center holds retail shops, a facility which provides private basketball, baseball and softball lessons, American Gymnastics Academy and the Skylands Community Bank.  Already approved for this site are three “state of the art” ceiling warehouse buildings that are expected to provide the township with a $23 million dollar tax ratable.

Avidan Management, is the owner/manager of two industrial buildings at the site consisting of office, warehouse and cold storage facilities comprising approximately 830,000 square feet of space.  The combined assessed value of $19 million covers space occupied by multiple tenants with more than 600 employees.

“The importance of safety for employees and the local community at this intersection was recognized and addressed by all.  Therefore, in a joint effort with Wick Companies, we have funded the construction of the traffic signal to facilitate safe traffic movement,” said Managing Member Avi Avidan.

“This project exemplifies what private/public collaboration can accomplish.  The investment in this traffic signal has provided a much needed safety measure to this busy thoroughfare. Traffic flow and truck deliveries into and out of the Edison Commerce Center have eased considerably,” said Ricigliano.


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