Prism Capital retains architectural firm to design office space at ON3 complex

TRD New York /
May.May 07, 2019 05:22 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 November on 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 incentive granted by New Jersey’s Economic Development Authority in November 2017. The redevelopment site is also getting tax incentives from the City of Clifton and the Township of Nutley. [ROI-NJ]


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