Tessler strikes tentative deal for Jersey City cancer center

September 08, 2011 08:37AM

Manhattan-based Tessler Developments has come to a tentative agreement with Jersey City officials to construct a proton therapy center, along with commercial space and about 1,000 market-rate apartments, on a roughly 2.5-acre parcel near Jersey City Medical Center, the New Jersey Turnpike and a light-rail station, the Wall Street Journal reported. If plans go ahead, construction could start in 2013.

Tessler would pay $15 million for the land, according to the terms of the deal.

The prospective project is just the latest in a large-scale effort to bring proton therapy, a method for tackling brain tumors and lung, pediatric and prostate cancers, to the New York City area. Other proton therapy center plans are moving forward in association with Memorial Sloan-Kettering Cancer Center and the NYU Langone Medical Center.

Jersey City officials hope the Tessler project might transform the area into a medical powerhouse that can compete with Manhattan, the Journal said. [WSJ]