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A rendering of the future Hub in New Brunswick.
Princeton University will be the first institutional tenant at the Hub, a 1.7 square-foot mixed-use development that is being built near the train station in New Brunswick.
The four-acre redevelopment site will be connected to the train station via a sky-bridge. As part of an Urban Enterprise Zone, occupants of the Hub will be exempt from sales tax on construction and will be eligible for other city and state incentives. The first phase of the Hub will be a 10-story, 210,000-square-foot mixed-use building at the corner of Albany and Kirkpatrick streets.
New Jersey Gov. Phil Murphy announced on Thursday that Princeton University, Rutgers University, Hackensack Meridian Health, and RWJBarnabas Health will be the first tenants of the Hub, which is designed to foster research, entrepreneurship, innovation, and start-up incubation in the state. The New Jersey Economic Development Authority will be a driving force of activity at the Hub, state officials said.
“This project is a major step in helping New Jersey reclaim its spot at the top of the innovation economy,” Murphy said. “With its three core partners and first institutional tenant, the Hub will allow us to harness the collective experience …
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