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 positioned to set a benchmark in Walking Urbanism. 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 in the midst of 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.
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