Heldrich Plaza

Anticipated Completion Date: 2004 Location: New Brunswick's Cultural Center redevelopment area, bounded by Livingston Avenue, George and New Streets Size: 450,00 sq. ft.

Tenants: John J. Heldrich Center for Workforce Development, 250-room hotel, 50,000 sq. ft. executive conference center, 30-40 luxury condominiums, street level retail space, academic/office space

Developer: Devco

Architect: Ford Farewell Mills and Gatsch, Architects

Investment: $110 million

Financing: Capital markets and grant from State of New Jersey

Heldrich Plaza is one of New Jersey's most significant urban economic development investments in the new millennium. It represents a unique partnership among Devco, private developers, Rutgers, New Jersey Department of Labor, New Jersey Redevelopment Authority, and the City of New Brunswick. The cornerstone of this mixed-use facility occupying 1.8-acres in the heart of the city's Cultural Center will be the John H. Heldrich Center for Workforce Development, the nation's first university-based institute devoted to transforming the complex system of workforce development at the local, state, and federal levels. The project creates jobs and business opportunities for New Brunswick's residents, continues the city's revitalization strategy, and strengthens the state's economy.