It’s 2017 and New Jersey has some ‘bigly’ news! In fact, its actually ‘yuuuuuuuuge’ news for those living in Nutley or Clifton. Seton Hall University and Hackensack Meridian Health will be opening the New School of Medicine.
This is officially the first private medical school operated in New Jersey for the last 50 years. It is the fifth medical school in the state and will be the only private, non-profit medical school.
No, this is not fake news! This is the real deal and we have the facts to prove it.
Seton Hall University and Hackensack Meridian Health signed a 25-year-lease agreement for the former 16-acre campus of the Hoffmann-La Roche biomedical facility with PB Nutclifl LLC. This is an affiliate of Bloomfield-based Prism Capital Partners LLC, who acquired the property on July 13, 2016. The majority of the property is located in the Township of Nutley.
There are no losers here as negotiations include two new state of the art buildings. The first being the New School of Medicine by Hackensack Meridian Health and Seton Hall. An the second is the College of Nursing and School of Health and Medical Sciences, which is relocating to this area from the original South Orange campus. Many are looking forward to the National Health Institute-Designed Clinical Research Center, which will help serve as a research and discovery center.
So what does this all mean? Well, lets take a look at some reactions to this new development project.
Seton Hall – Excited to provide more than 1500 students with the opportunity to gain new knowledge in state of the art facilities and improve healthcare for years to come.
According to the Founding Dean of the new School of Medicine at Seton Hall University, Bonita Staton. “We’re going to make a big impact on the healthcare of the United States. ”We’re gonna start with the impact on the healthcare of the people that are in New Jersey, that are in the area were serving.” She also states, “We will be educators. We will be researchers. And we will be giving top quality care.”
Students from the medicine, nursing, occupational and physical therapy fields will benefit tremendously in the newly designed state of the art schools. Seton Hall is proud to provide students with the new facilities to improve patient care as it is one of the most important priorities. Students will be able to be engaged in a hands-on approach through operating tables and simulation labs as World-class surgeons are expected to be onsite.
Seton Hall is excited to attract the brightest minds to the field of medicine in New Jersey. This will add to a shortage in physicians that New Jersey and the US currently face. These new facilities are ready for the next generation to improve and pursue their career in the medical field.
Nutley’s Mayor – Thrilled for improving the community and enthusiastic about the future.
Nutley’s Mayor and Commissioner of Public Works, Joseph Scarpelli, issued the statement, “The Board of Commissioners and our residents are enthusiastic about the future of the site and anticipate the new medical school will be a catalyst for continued positive changes in our community. We expect as Prism begins the improvements and repurposing of the property, there will be a boost to our local economy and provide an opportunity for quality employment prospects for our residents. It is indeed an incredible honor to be mayor at this exciting time in Nutley’s history,”
Hopefully, with the addition of the Medical Facility, the other buildings can be rented by corporate tenants, thereby, returning much- needed ratables to the Township.
Residents – Mixed reactions
The majority of residents are excited for the New School of Medicine, as they agree it is a great fit. They are thrilled the currently vacant former pharmaceutical facilities are being turned into a medical school instead of shopping malls. They are no longer nervous about a large increase to their property taxes had the campus remained empty for too many years. Others may have a bit of a hard time welcoming the higher density and new traffic.
Real Estate – Celebrations all around
‘New Urbanist’ is the term for the future property, which will be a mixed site of living, working and playing. The real estate development firm Prism Capital Partners is confident that they will be able to attract corporate and research users to the new location, while uncompromising quality.
In addition, Prism is marketing three additional, existing office buildings. These buildings totaling more than 700,000 square feet, and are build-to-suit lease and development sites. Prism has attracted noteworthy companies and is continuing to negotiating agreements with users for additional leases on site
Local Realtors® are optimistic that the ‘overflowing’ demand of housing needs will boost the local real estate market.
The Nutley and Seton Hall communities are running on adrenaline, as this news is a great sign of things to come! Some might even say New Jerseyans are… #Winning!
Currently, plans are still being drafted, and more details will be provided in the future; so check back for updates.
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