The former Hahne and Co flagship department store building was restored and redeveloped into a vibrant mixed-use, mixed-income development in the heart of downtown Newark, New Jersey. The timing of this restoration coordinated well with the rise of Prudential Insurance’s new 20-story office building and the City’s restoration of Military Park, both located across the […]
Unified Vailsburg Service Organization (UVSO) recently selected Michael Shilale Architects, LLP (MSA) to design their new preschool. It was important to UVSO that this building be designed with the needs of three and four year old children in mind. MSA was the perfect choice. This project is partly the result of a landmark court decision […]
NMTC financing will power reimagination of historic former Negro League baseball stadium in Paterson, N.J. The financing also includes $21 million of NMTC allocation from four Community Development Entities: Community Loan Fund of New Jersey, Consortium America, RBC Community Development and USBCDE. The financing will enable the ongoing redevelopment of the stadium, which officially broke […]
CompleteCare Health Network’s new 29,301 sq. ft. location, housed in downtown Bridgeton, NJ, will combine two current Bridgeton-based CompleteCare locations into one, as well as some services currently contained in other areas of Cumberland County, while offering availability for two additional tenants. CompleteCare’s Administrative offices will move from 53 South Laurel Street to the new […]
Paterson Habitat for Humanity is a nonprofit organization that helps families build a place to call home. In 2020, the NMTC provided patient financing for the nonprofit to facilitate the construction of 14 scattered site, for-sale affordable housing units.
NMTC allocation for the renovation and equipment purchase to transform a vacant commercial building into an industrial laundry processing facility. The laundry facility provides services to hospitals and clinics in the region.
The Makerhood Campus is a combination of historic renovation and new construction meant to encourage and support entrepreneurial endeavors and micromanufacturing enterprises. The Campus will include live/work facilities for 16 commerical tenants, business support services, and community programming. Business programs for entrepreneurs will include workshops, seminars, one-on-one advising, and meetups to cover topics like financial […]
Early childhood educational and community center expands educational opportunities for Plainfield children.
Renovation and expansion of two Boys and Girls club facilities.
This project provided financing for Accurate Box, a manufacturer of boxes and a family, women-owned business with a commitment to one of the poorest communities in NJ
NMTC financing supported the rehab and new construction of two modern, mixed-use buildings in order to retain and attract tenants that provide diverse services to the Newark community, in the media, legal, engineering, community-service and restaurant industries. The newly constructed building includes 3,500 sq. ft. of retail (ground floor), 675 parking spaces (floors 2-8) and […]
College Builds Bridge with Campus/Community Center
Halsey Street Teachers Village Workforce Housing Project B, the last phase of larger development known as Teachers Village in downtown Newark, New Jersey. This phase has 81 residential units, are marketed to teachers and other working families in an effort to bring them back to downtown Newark. The development also has 10,000 square feet of […]
One phase of a 180,000 sq.ft. food processing and distribution project with this phase consisting of 90,000 sq. ft.
Financing for a much-needed childcare center in Neptune, NJ.
A new facility to house the expansion of Cumberland County College’s arts and business education programs
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. The facility has a gymnasium, arcade, college and career center, teen lounge, dance studio, karate studio, art studio, STEM center, Cafe;, Multi-purpose room, preschool, Tech center, and numerous classrooms. Busing […]
NMTC financing supported the renovation of a portion of a historic former mill building (Condominium Units A and A1), located at 1 North Johnston Avenue, Hamilton Township, Mercer County, NJ 08609. The renovation project created approximately 74,000 square feet mixed-use space, offering attractive lease terms focused at a variety of art, environmental, and nonprofit uses […]