100 Metro Blvd., Nutley, NJ
NUTLEY AND CLIFTON, NJ—Ralph Lauren Corporation has signed a full-building lease at Prism Capital Partners' ON3, becoming the latest tenant to commit at the 116-acre campus in Nutley. The iconic American lifestyle brand will remain headquartered in NYC and will move its New Jersey hub to 100 Metro Blvd., supported by a $33 million Grow NJ grant.
Prism Capital Partners will immediately launch a renovation of the seven-story building, highlighted by a complete lobby redesign featuring 30-foot ceilings and a new entryway. Outside, the firm will create a courtyard with communal areas for social and business gatherings. Additionally, Prism will complete the construction of a parking garage to serve both 100 Metro Blvd. and future tenants at the adjacent, 15-story 200 Metro Blvd. tower in time for Ralph Lauren's anticipated move-in.
ON3 is positioning itself as an innovator in the “walking urbanism” approach to redevelopment. Located just nine miles from Manhattan on Route 3, the mixed-use complex will integrate office and R&D facilities, recreational, hospitality and wellness options, among others.
Prism Capital Partners is preparing a multi-tier infrastructure and site work development plan at the property. Phase I—involving the addition and rebranding of streets, and streetscaping and landscaping on the east portion of the campus—is nearing the mid-way point. Slated for completion by year-end, it also includes the installation of new sewer and storm water systems, and a rewiring of PSEG's connections to the campus electric grid and 10-megawatt, onsite cogeneration facility to enhance redundancy.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
