RALPH LAUREN WILL MOVE NJ HUB TO ON3

RALPH LAUREN WILL MOVE NJ HUB TO ON3

Ralph Lauren Corporation has signed a full-building, 255,000-square-foot lease at Prism Capital Partners’ ON3 in Nutley, NJ. The lifestyle brand will remained headquartered in New York, while moving its New Jersey hub from Lyndhurst to 100 Metro Blvd. on Prism’s 116-acre mixed-use project that’s rising on the site of the former Hoffman-LaRoche headquarters complex.

Prism will immediately launch a renovation of the seven-story 100 Metro, highlighted by a complete lobby redesign featuring 30-foot ceilings and a new entryway. Additionally, Prism will complete the construction of a parking garage to serve both 100 Metro and future tenants at the adjacent, 15-story 200 Metro Blvd. tower in time for Ralph Lauren’s anticipated move-in.

The developer is proceeding with a multi-tier infrastructure and site work development plan at the property. Phase I of the plan is slated for completion by year-end.

So what is the deal with the old Hoffman La Roche Site in Nutley?

ON3 NutleyLooks Like They Have A New Name For The Campus and It Should Give An Idea Of What’s To Come!

With master planning underway, ON3 represents New Jersey’s largest contemplated redevelopment. In its heyday, this 116-acre former Hoffmann-LaRoche campus consisted of approximately 4 million square feet of general office, manufacturing and R&D facilities. And it employed nearly 9,000 people. Prism Capital Partners’ ambitious initiative will transform the former single-user complex that had gone dark into a multi-tenant, next-generation lifestyle hub.

The vision for ON3’s future includes an appropriate mix of office, R&D, residential and retail, along with potential lodging and entertainment concepts. 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.

PB Nutclif I, LLC, a Prism affiliate, purchased the campus in October 2016. Even prior to the sale, Hackensack Meridian Health and Seton Hall University committed to leasing two major buildings totaling 477,000-square-foot and 16 acres on the campus. Improvements to convert those facilities to accommodate the needs of the new Seton Hall-Hackensack Meridian Graduate School of Medicine are underway. Seton Hall will co-locate its College of Nursing and School of Health and Medical Sciences at the site, and Hackensack Meridian plans to create a National Health Institute-designated Clinical Research Center there as well.

ON3 also includes two immediately available office buildings: the site’s iconic, 15-story, 300,000-square-foot LEED Gold-certified headquarters tower at 200 Metro Boulevard and a seven-story, 255,000-square-foot, Class A facility at 100 Metro Boulevard. A five-story 155,000-square-foot state-of-the-art R&D/Lab building is almost totally leased to 3 new tenants. A variety of build-to-suit development sites are also being offered on the campus.

Strategically located on Route 3, between the Garden State Parkway and the NJ Turnpike just nine miles from the Lincoln Tunnel, ON3 is queued up to be the most highly sought-after business address in NJ. The future population will support retail and service businesses throughout the community. The build-out will likely take several years, ensuring a substantial number of construction jobs during this process.

Here is a link to the actual article from PRISM

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