FALL 2024 ISSUE - Flipbook - Page 112
Tech Hubs Sprout
Innovation
Seven centers are catapulting New
Jersey into new realms of discovery in
several high-tech centers, while creating a
nurturing environment for entrepreneurs.
By_Lisa Goulian Twiste, Contributing
Writer (NJ Business)
The HELIX and Jack and
Sheryl Cancer Center
n December, Nokia Bell
Labs (NBL) announced
plans to leave its historic
headquarters in Murray
Hill over the next ove
years to relocate to
the HELIX in New
Brunswick, a $2-billion
life science center that aims to be a
leader of translational research in New
Jersey and throughout the East Coast.
In addition to NBL, the list of tenants
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at the HELIX includes Rutgers Robert
Wood Johnson Medical School, which
is expected to bring its orst class to the
site in the spring of 2026, RWJBarnabas
Health, Hackensack Meridian Health,
Rutgers and Princeton universities, a
number of international organizations,
and pharmaceutical giant Johnson &
Johnson.
The HELIX is comprised of
three towers and 1.6-million square
feet of space. This includes: H1, a
578,000-square-foot structure 3 almost
half of which is sophisticated laboratory
space; H2, expected to be delivered in
2028 and where NBL will reside; and
H3, a 42-story mixed-use facility that
will feature 220 residential units and is
tentatively scheduled to open in 2030.
About 85% of H1 is accounted for, says
Chris Paladino, president of the New
Brunswick Development Corporation
(DEVCO).
According to Paladino,