NEW BRUNSWICK, NJ - The New Brunswick Development Corporation is in line to be designated as the developer for the state's first free-standing cancer hospital.

DEVCO, a private nonprofit urban real estate development company, is also slated to be named the developer for a new school and a parking deck that will also be part of the project at the Middlesex County Improvement Authority's meeting Wednesday at 6 p.m.

This will mark another important step forward for the project that was unveiled at DEVCO's New Brunswick offices on Feb. 4 by DEVCO President Chris Paladino, Cancer Institute of New Jersey Director Dr. Steven Libutti and Mayor Jim Cahill.

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The $750 million project calls for the demolition of the 60-year-old Lincoln Annex School at 165 Somerset Street. In its place, a 12-story cancer treatment and research facility will be constructed.

With outpatient care that would include 84 infusion bays and 74 exam rooms and inpatient care that would feature 96 beds and a dedicated floor for surgical procedures, Libutti said the pavilion would be "one of the top 10, if not top 5, cancer programs in the country."

The pavilion would be connected by a bridge over Somerset Street to the Cancer Institute. A second bridge would connect it to Robert Wood Johnson University Hospital.

DEVCO will work with the Board of Education to build a $55 million school on a vacant lot at 50 Jersey Avenue.

The school is scheduled to take about three years to build, and in the meantime, students will attend the Pathways Campus at 40 Van Dyke Avenue.

The Cranbury-based authority was created by Middlesex County in 1990 to provide financial and management assistance to various projects.

Board of Freeholders voted unanimously to approve a $25 million grant to help fund the construction of the state’s first free-standing cancer hospital.

At the May 8 meeting, Freeholder Director Ronald Rios called the grant “a great investment for the county."

The grant would help ensure county high school students as well as Middlesex County College students access to the cancer hospital's research facilities.

DEVCO has been the driving force behind several of the major construction projects around the city, including the New Brunswick Performing Arts Center, which opened in September.