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19-601: The Edison State Park is located in the Menlo Park section of Edison, New Jersey . It is located on Christie Street, the first street in the world to be lit up by lightbulb, just off Lincoln Highway , near the Metropark Train Station . It covers a total area of 37 acres (0.15 km). The park commemorates the site where the famous inventor Thomas Alva Edison had his Menlo Park laboratory. In his laboratory, Edison invented over 600 inventions such as

38-554: A bigger laboratory closer to New York City , he moved his research laboratory to West Orange, New Jersey . Most of the buildings either burned down or collapsed, and the two surviving buildings, the glass shed and the Sarah Jordan Boarding House were moved by Henry Ford in 1929 to Greenfield Village in Dearborn, Michigan , now part of The Henry Ford museum. The remaining structure from the other buildings

57-533: A potential development is sometimes called speculative development . Subdivision of land is the principal mechanism by which communities are developed. Technically, subdivision describes the legal and physical steps a developer must take to convert raw land into developed land. Subdivision is a vital part of a community's growth, determining its appearance, the mix of its land uses , and its infrastructure, including roads , drainage systems, water , sewerage , and public utilities . Land development can pose

76-458: A project's economics; attorneys to handle agreements and government approvals ; environmental consultants and soils engineers to analyze a site's physical limitations and environmental impacts ; surveyors and title companies to provide legal descriptions of a property; and lenders to provide financing. The general contractor of the project hires subcontractors to put the architectural plans into action. Purchasing unused land for

95-530: A team of professionals to address the environmental, economic, private, physical and political issues inherent in a complex development project is critical. A developer's success depends on the ability to coordinate and lead the completion of a series of interrelated activities efficiently and at the appropriate time. Development process requires skills of many professionals: architects , landscape architects , civil engineers and site planners to address project design; market consultants to determine demand and

114-427: A thousand filaments in six months. Three years earlier, Thomas Edison tested his wax and tinfoil phonograph by recording and playing "Mary Had a Little Lamb". Thomas Edison improved Alexander Graham Bell's telephone using carbon. In addition, he invented an electric train and tested it on a track built around his laboratory, now coinciding with modern day Christie Street and Route 27 . In 1887, when Thomas Edison needed

133-409: Is a stub . You can help Misplaced Pages by expanding it . Real estate development Developers buy land, finance real estate deals, build or have builders build projects, develop projects in joint ventures, and create, imagine, control, and orchestrate the process of development from beginning to end. Developers usually take the greatest risk in the creation or renovation of real estate and receive

152-507: The Thomas Alva Edison Memorial Tower and Museum was constructed near his old Menlo Park lab and dedicated in 1938. Edison's old lab site and memorial now make up Edison State Park . The municipality in which Menlo Park is located, which was called "Raritan Township" while Edison was alive, was changed to Edison Township on November 10, 1954. This Middlesex County, New Jersey state location article

171-620: The Town and Country Planning context in the United Kingdom, 'development' is defined in the Town and Country Planning Act 1990 s55. A development team can be put together in one of several ways. At one extreme, a large company might include many services, from architecture to engineering . At the other end of the spectrum, a development company might consist of one principal and a few staff who hire or contract with other companies and professionals for each service as needed. Assembling

190-486: The incandescent electric light and the phonograph , the latter being the first object to record and play sound. The research and development laboratory in Menlo Park was the first of its kind in the world. On October 22, 1879, Thomas Edison tested a bamboo filament which lasted over 30 hours, which was used to create the first successful incandescent light bulb . This accomplishment followed Edison's testing of over

209-586: The Edison Tower Memorial Corporation recommends visitors to donate at least $ 5.00 per person. The tower was closed in 1992 after slabs of concrete started falling from the 54-year-old freestanding structure. After it was put on the list of New Jersey 's most endangered historic sites in 1997, the Edison Township Memorial Corporation started a $ 3.87 million renovation. On October 24, 2015, the end of

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228-571: The event. On May 17, 1937, construction began on a new monument to Edison, the Edison Tower. On February 11, 1938, seven years after Edison's death, a 131 feet (40 m) tall Art Deco tower was dedicated in honor of the Wizard of Menlo Park. A small, two room museum houses a collection of Edison memorabilia such as historic light bulbs, phonographs, dynamos and portions of Edison's electric train test track. Tours are available for free, although

247-404: The greatest rewards. Typically, developers purchase a tract of land, determine the marketing of the property, develop the building program and design, obtain the necessary public approval and financing, build the structures, and rent out, manage, and ultimately sell it. Sometimes property developers will only undertake part of the process. For example, some developers source a property and get

266-436: The most risk, but can also be the most profitable technique as it is dependent on the public sector for approvals and infrastructure and because it involves a long investment period with no positive cash flow . After subdivision is complete, the developer usually markets the land to a home builder or other end user, for such uses as a warehouse or shopping center . In any case, use of spatial intelligence tools mitigate

285-671: The plans and permits approved before selling the property with the plans and permits to a builder at a premium price. Alternatively, a developer who is also a builder may purchase a property with the plans and permits in place so that they do not have the risk of failing to obtain planning approval and can start construction on the development immediately. The financial risks of real estate development and real estate investing differ due to leverage effects. Developers work with many different counterparts along each step of this process, including architects, city planners, engineers, surveyors, inspectors, contractors, lawyers, leasing agents, etc. In

304-405: The restoration was marked by a rededication ceremony which included the relighting of the tower. Plans were also announced to build a new, larger museum featuring artifact exhibits and interactive activities. Surrounding the two historic acres is a small forest with a couple of trails. The forest features a small pond, a meadow, and several ravines which are visible from the trail. On Christie Street,

323-438: The town of Menlo Park, California . In this lab, which was one of the first to pursue practical, commercial applications of research, Edison invented the phonograph and developed a commercially viable incandescent light bulb filament. Christie Street in Menlo Park was one of the first streets in the world to use electric lights for illumination. In 1887, Edison moved his home and laboratory to West Orange . After his death,

342-631: The world's first street lit by electric lights, there are several informative boards describing Menlo Park in the Edison Era. Menlo Park, New Jersey Menlo Park is an unincorporated community within Edison Township in Middlesex County , in the U.S. state of New Jersey . In 1876, Thomas Edison set up his home and research laboratory in Menlo Park, at the time an unsuccessful real estate development named after

361-656: Was used by Henry Ford to rebuild them in Greenfield Village, where they are still open today. Despite the fact that Edison's laboratory had fully been relocated, on May 16, 1925, John Leib, vice president of the New York Edison Company , dedicated a stone tablet and memorial at the intersection of Christie Street and Route 27 (Lincoln Highway) , a gift from the State of New Jersey , with Edison, his wife Edison, and Governor George S. Silzer attending

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