The Fidelco Group created 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. While the newly constructed building includes 3,500 sqft of retail (ground floor), 675 parking spaces (floors 2-8) and 70,000 sqft of office space (floors 9-10), the renovated building includes 4,000 sqft of retail space (ground floor) and approximately 110,000 sqft of office space (floors 2-6).The Newark Call Center project is located in a federally-designated Hurricane Sandy Major Disaster Declaration Area and cited by the Mayor’s Office as a key catalyst for recovery. A vital component of the Project is that a significant portion of the newly created jobs are intended to be filled by residents of Newark through partnership with the Newark Workforce Investment Board (NWIB) which is a community-based non-profit that provides a localized, full-service employment and training system to make programs and resources easily available to residents and employers. The project will support numerous high-quality jobs, bring additional economic activity into downtown Newark, and catalyze additional development in the Newark CBD.
Lighthouse Point is a mixed commercial and Residential development. Triangle Equities Development Company transformed a long vacant site into a transit-oriented, commercial and residential project, catalyzing the capital investment necessary for the community to achieve a full recovery from the devastation wrought by Hurricane Sandy in the Fall of 2012. Phase 1 construction included the development of a 60,000 sq-ft, three-story retail building along Bay Street that incorporates the Lighthouse Depot’s historic brick perimeter wall into the building façade and a 118 unit residential tower with 20% of the units permanently affordable at 60% AMI. The retail building will be anchored by a NYC FRESH program grocery store that provides nearly 15,000 square feet of supermarket space to a community in a USDA-designated Food Desert area and a co-working space which will facilitate entrepreneurship and small business job creation. The project created approximately 298 temporary construction jobs and 264 new full-time permanent jobs, while retaining 76 full-time jobs in a census tract with a 14.4% Unemployment Rate and a 21.9% Poverty Rate.
The Midtown Global Market project in Minneapolis involved the creation of an 86,084-sq. ft. public marketplace for a mixture of start-up, second stage, and anchor businesses offering internationallythemed fresh and prepared food.
Summers-Taylor Inc. expects to make the Model MIll on West Walnut Street its new headquarters by the end of the year (2020). The highway construction company will occupy one-third of the space inside the refurbished building, which once thrived as a flour mill. The mill was at the risk of becoming more of an eyesore than an iconic downtown Johnson Citystructure. Summers came to a sound deal with the previous owners and will progress toward a later-half 2018 finish date of his work at the site.
The project is building a uniquely integrated student union, recreation center, and athletic facility that will benefit generations of college students and the greater community.
Greenpoint Manufacturing and Design Center (GMDC) renovated a 50,000 square foot industrial building to create a manufacturing facility for several small-scale manufacturers. Located in Crown Heights Brooklyn just a few blocks from public transportation, the facility provides affordable space, for woodworkers, custom frame builders, metal workers, ceramic artists, and other artisanal trades. The renovated facility will achieve LEED Silver certification.
This project involved the rehab of the blighted Bulova building into mixed use facility. The NMTC financed the extensive renovation of the former Bulova Building located at 101 North Queen Street. The $28.5 million revitalization project involves the transformation of the vacant manufacturing facility into a vibrant, mixed-use complex which will be named 101 NQ. Once completed, 101 NQ contains 21,000 square feet of retail space, 90,000 square feet of office space, 35 apartment units, and 35 parking spaces. The project created 195 full-time jobs in addition to 45 construction jobs.