ON 3 site in Clifton proposes adding bank
By: Matt Fagan
NorthJersey.com
USA Today Network - New Jersey
CLIFTON -The next project planed for the ON3 site on Route 3 that once housed pharmaceutical giant Hoffmann-La Roche will be a bank.
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Prism Capitol Partners has been redeveloping the site and ahs presented a proposal for a 3,284-square-foot Chase Bank to the city;s Planning Board. It will be heard at Thursday's [01/23/2025] meeting.
..... Tucked away into the northwest corner of the 116-acre campus, the property has about 1,300 feet of frontage on Route 3. interior roads will connect the bank to Metro Boulevard, which runs form Route 3 to Kindsland Street in Nutley.
..... the developer also has plans to widen Route 3 by adding an accelerattion/deceleraiton lane along its property's highway frontage. The plans before the city's Planning Board show an entranceway near the Bloomfield Avenue/Route 3 underpass. The interior road connected to the bank would also connect to the entranceway.
..... Work on widening Route 3 is slated to start as early as spring. [2025] The first task in the project will be the removal of utility pole standing along the highway. This, said Eugene Diaz, Prism Capitol Partners principal will cost ON3 developers about $1 million.
..... The bank is shut the latest in a number of ancillary businesses that support high-profile companies that have been attracted to the campus, which has promised to provide a place where people can work, live and play.
..... When Prism Capital brought the campus, which straddles Clifton and Nutley's municipal lines, in 2016, it was charged with bringing in prestigious clients that offer well-paying jobs. Since then, Hackensack Meridian Medical School, Quest Diagnostics, Eisai Pharmaceuticals and Ralph Lauren are among the companies that have moved to the site.
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In subsequent phases of redevelopment, ON3 has attracted Starbucks, a dual-brand hotel with 264 rooms with a rooftop bar, a supermarket and now a bank.
.... "This creates a vibrant, mixed-use campus," Diaz said.
..... Prism Capital's next phase will look to add more than 1,000 residential units at the site. Clifton's City council is expected to vote on the next phase of redevelopment, which includes the residential units, in the coming weeks.
..... The new bank would offer baning services and have two ATMs, one of which would be a drive-thru lane.