Prism Capital Partners retains architect at Hoffmann-LaRoche campus in Nutley

New York /
May.May 07, 2019 03:11 PM

Chicago-based Goettsch Partners — the architectural firm behind the redevelopment of Chicago Union Station — has been retained by Prism Capital Partners to design a pair of Class A towers comprising 400,000 square feet of office space at the former Hoffmann-La Roche campus in Clifton and Nutley. ROI-NJ reported that Quest Diagnostics, Ralph Lauren and the Hacksensack Meridian School of Medicine at Seton Hall University have operations at the site, which has been rebranded as ON3, as noted by The Real Deal earlier this year. Prism Capital has owned the 116-acre site since 2016. NorthJersey.com noted that the Clifton planning board approved a zoning change to permit the construction of two hotels on 11 acres at ON3 that will add 250 hotel rooms to the site. The developer broke ground in Novemberon a new 250,000-square-foot ON3 office property that will be home to Quest Diagnostics’ largest laboratory. Both Ralph Lauren and Quest Diagnostics were recipients of an $88 million state tax incentivegranted by New Jersey’s Economic Development Authority in November 2017. The redevelopment site is also subject to local tax incentives from the City of Clifton and the Township of Nutley. [ROI-NJ]


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