HELIX (New Brunswick, New Jersey) explained

The Hub
Location:New Brunswick, New Jersey, U.S.
Coordinates:40.4964°N -74.4464°W
Map Type:USA New Jersey New Brunswick#USA New Jersey
Completion Date:2026 (projected)
Building Type:Mixed-use highrise
Floor Count:13
Developer:DEVCO

The HELIX Health + Life Science Exchange, originally called The Hub for the New Jersey Innovation and Technology Hub, is a research, business incubator and innovation center under construction in New Brunswick, New Jersey, which itself is called The Hub City.[1] [2] It is planned to contain three buildings: H-1, H-2, and H-3.

Location and buildings

The site was formerly the Ferren Mall, which opened in 1982, was later abandoned and demolished in 2017. It is across the street from the New Brunswick station, served by NJ Transit's Northeast Corridor Line and several Amtrak trains.[3]

H-1: The first phase of HELIX is a 13-story 574,000 square feet building which will house the New Jersey Innovation HUB, Rutgers Robert Wood Johnson Medical School, and a Rutgers translational research facility. It includes retail space, a 10,000-square-foot market hall with food options and a 3,000-square-foot restaurant that opens onto a 70-foot-wide plaza.Ground was broken $650 million project in October 2021.[4] It is expected to be completed in 2025[5] [6] Construction began July 2023.[7]

H-2: Designed by HDR, Inc., the second portion of HELIX includes 600,000 square feet of build-to-suit lab and office space.[8] On December 11, 2023 Nokia announced plans to relocate Nokia Bell Labs to the HELIX as the sole tenant of H-2.[9] [10]

H-3: The third phase of the project will include a 42-story mixed used building, including 220 units of housing.[11] [8] [12]

Stakeholders and tenants

The New Jersey Economic Development Authority, which provided tax credits,[13] and the New Brunswick Development Corporation (DEVCO) are partners in the project.[14] Part of the project will be dedicated to translational research. Tenants (and potential chip manufacturer[15]) will include:[16]

See also

External links

Notes and References

  1. Web site: Why Hub is just latest success for innovation in N.J. . Bergeron . Tom . 20 October 2021 . ROI-NJ .
  2. Web site: New Brunswick's HELIX: Crown jewel of New Jersey . 18 May 2023 . Capital Analytics Associates.
  3. Web site: Reitmeyer . John . NJ's Tech Future Begins with New Brunswick 'Hub' — Murphy . NJ Spotlight . March 20, 2018. September 28, 2022.
  4. Web site: O'Donnell. Chuck. July 13, 2022. Plans for First Phase of Much-Anticipated Hub Approved by New Brunswick Planning Board. TAPinto.
  5. Web site: Welcome to City of New Brunswick, New Jersey. www.cityofnewbrunswick.org.
  6. Web site: 'The Hub' is coming to N.J. The research center will have no rival, Murphy says.. Spencer . Kent . October 14, 2021. NJ Advance Media for NJ.com.
  7. Web site: July 14, 2023 . Construction Begins on New Brunswick's HELIX Innovation District . Tradeline.
  8. Web site: Plans Revealed for Second Phase of $731M Helix Project in New Brunswick. Chris. Fry. June 5, 2023. Jersey Digs.
  9. Web site: Nokia Bell Labs moving to New Brunswick as sole tenant at new 360,000 sq. ft. research, office tower at city’s HELIX campus. Joshua. Burd. December 11, 2023. Real Estate NJ.
  10. Nokia unveils plans for new state-of-the-art research and development facility for Nokia Bell Labs in New Brunswick, New Jersey technology hub. December 11, 2023. Nokia.
  11. News: O'Donnell . Chuck . May 22, 2023 . New Brunswick HELIX Project Second Phase: 600K SF of Offices, Labs . TAPinto . July 23, 2023.
  12. Web site: May 22, 2023 . Plans Announced for Phase II of HELIX in New Brunswick . New Jersey Business Magazine.
  13. Web site: HELIX in New Brunswick Becomes First Project Approved under the Aspire Tax Credit Program . 9 February 2023 . New Jersey Economic Development Authority.
  14. News: Makin . Cheryl . New Brunswick redevelopment: Hub City is renewing, reinventing, reinvesting . . March 23, 2018 . December 13, 2019 . Owned by the city and managed by its nonprofit New Brunswick Development Corp., the site is approved for up to 4 million square feet of commercial development that can complement local residential, retail, and entertainment growth in proximity to corporate, medical, and academic research activity and public transportation. While still years in development, The Hub now is the subject of a planning and implementation study by the state Economic Development Authority, which also has a bioscience incubation station in nearby North Brunswick. Murphy said that the EDA will recruit partners for The Hub..
  15. News: Salant . Jonathan D. . April 19, 2022 . Could a chip manufacturer be lured to new N.J. tech hub? Biden official says yes. . NJ.com.
  16. Web site: Princeton, Rutgers among first tenants of 'The Hub', in New Brunswick. Jeff . Goldman . NJ Advance Media . November 19, 2020.
  17. Web site: O'Donnell. Chuck. April 25, 2022. Irish University Will Have a Home at The Hub in New Brunswick. TAPinto.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "HELIX (New Brunswick, New Jersey)".

Except where otherwise indicated, Everything.Explained.Today is © Copyright 2009-2024, A B Cryer, All Rights Reserved. Cookie policy.