“The Kernel”A New Mini-Blog By Mayor Joseph Scarpelli of Nutley NJ

"The Kernel" is my new mini-blog that will highlight happenings in Nutley

“The Kernel” is my new mini-blog that will highlight happenings in Nutley. I hope everyone will find the information provided interesting, educational, and occasionally entertaining.

Our premier blog will be a brief history and update on the former Roche property, now called ON3.

Many exciting developments have occurred on ON3 since Roche announced their departure.

Prism Capital Partners purchased the site with a vision of filling the 5 vacant buildings left by Roche and transforming the campus into a life science innovation center.

Nutley is proud that the new state-of-the-art Hackensack School of Medicine at Seton Hall, along with Seton Hall’s School of Health and Medical Sciences, and their School of Nursing have called Nutley their home and are the centerpiece of the new campus.

Modern Meadow, also located in Nutley, is a bio-manufacturing company that produces leather in a laboratory. They have already garnered worldwide attention with their cutting edge technology. They occupy 111 Ideation Way, along with Hackensack Meridian’s Institute for Multiple Myeloma. The Institute will be conducting cancer research to support Hackensack Meridian’s clinical partnership with Sloan Kettering. Also in the same building, the NJIT Innovation Institute’s gene cell therapy laboratory will be leasing space.

Ralph Lauren Corp. has also signed a lease to occupy the entirety of 100 Metro Boulevard. The company, headquartered in Manhattan, plans on retaining 518 jobs and create another 250 positions.

With Ralph Lauren’s addition to the ON3 campus four of the five vacant buildings left upon Roche’s departure will be filled. We eagerly anticipate the announcement of a signed lease for the only remaining vacant building, the iconic 14 story building. This building has outstanding views of Manhattan and the entire metropolitan area. I look forward to seeing who the new tenant will be.

Most recently, Quest Diagnostics started construction to build a new 250,000 square foot facility in Clifton that will be a regional laboratory covering four states.

With the co-location of the School of Medicine, Modern Meadow, Ralph Lauren, Hackensack Meridian cancer research, Quest Diagnostics, and the NJIT Innovation Institute the ON3 site is fast becoming the most exciting, life science, education, research, and international design innovation hub in the entire tri-state area.

Over the past couple of years, many pieces have begun to fall in place to transform the former Roche campus. More than 1200 people are currently in and out of the site on a daily basis. These positive changes have started to invigorate our local economy.

As the campus continues to expand our property values will increase and new construction will add much needed ratables to our revenue base. I am honored and privileged to be Nutley’s mayor during this exciting time in our history.

Written By: Mayor Joseph Scarpelli of Nutley NJ

 

About Matthew DeFede

Nutley Real Estate Agent

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