KPIP Building 78 Annex

Investment

  • NMTC Amount: $14,500,000
  • Total Project Cost: $26,181,984

IMPACT

  • 268 FTE jobs
  • 150 construction jobs
  • 90,000 sq. ft. of real estate

Investor

Project Description

Rehabilitation of the former “craneway” building adjacent to the Sponsor’s existing Building 78, which will result in 90,000 sq. ft. of flexible office space targeted to small business including businesses that are working to develop and commercialize technologies and services that advance energy conservation, alternative energy, resiliency, storm water management and preservation, restoration of natural resources, as well as house small start-up and entrepreneurial companies

MAP

Address: 78 John Miller Way, Kearny, NJ 7032

Census Tract: 34017012700

Other New Jersey Projects

Improvement of a light industrial building and its temperature control systems to improve the operations of aeroponic vertical farming company; Industrial facility anchored by fresh food grower and distributor.

NMTC financing supported the creation of the Spruce Street Community Center, a 35,000 sq. ft. multi-purpose facility open to any youth in greater Mercer County.
A 130-acre former federal shipyard transformed into an environmentally sustainable business hub for innovation and economic growth.

The project is the largest mixed use development the city has seen in more than 40 years. The NMTC portion of the project supported ABC Supply Co. Inc.’s recently opened