ON3 represents New Jersey’s largest contemplated redevelopment. Prism Capital Partners’ ambitious initiative is transforming the 116-acre former Hoffmann-LaRoche campus – located on Route 3 just nine miles from the Lincoln Tunnel – into a multi-tenant, next-generation lifestyle hub.
The vision for ON3’s future includes a world-class, mixed-use setting integrating office and R&D facilities, recreational, residential, hospitality and wellness options, as well as other uses. Spanning the Township of Nutley and the City of Clifton, ON3 will serve as a showplace for the “new urbanist” philosophy that is driving the suburban municipalities to redesign their downtowns and commercial corridors for 24/7 convenience living.
Already, ON3 has emerged as one of the most highly sought-after commercial addresses in New Jersey. The campus houses the new Hackensack-Meridian School of Medicine at Seton Hall University, and Seton Hall University’s Graduate College of Nursing and School of Health and Medical Sciences at 123 Metro Boulevard. Hackensack Meridian is also creating a National Health Institute-designated Clinical Research Center at the property. Meanwhile, biofabrication company Modern Meadow in mid-2017 leased and moved into its 73,000-square-foot, state-of-the-art laboratory at 111 Ideation Way. Most recently, Ralph Lauren Corporation signed a full-building lease at ON3. The iconic American lifestyle brand will remain headquartered in NYC and will move its New Jersey hub to 100 Metro Boulevard, supported by a $33 million Grow NJ grant. Additional major lease announcements are imminent.
ON3 provides several, immediately available built spaces, including the site’s 15-story, 300,000-square-foot LEED Gold-certified 200 Metro Boulevard office tower. A variety of build-to-suit development sites are also being offered on the campus.
Prism Capital Partners is in the midst of a multi-tier infrastructure and site work development plan at ON3. Phase I involved the addition and rebranding of streets, and comprehensive streetscaping and landscaping on the east portion of the campus. It also included the installation of new sewer and storm water systems, and a rewiring of PSEG’s connections to the campus electric grid and 10-megawatt, onsite cogeneration facility to enhance redundancy. Phase II, now underway, is creating new internal roadways on the balance of the site to support coming tenants and future development.
The full, $20 million infrastructure project will wrap up during the second quarter of 2019.