New Markets Tax Credit Coalition

975 High Street

Adler Development, LLC renovated a 109,720 sqft warehouse that was severely damaged by Hurricane Sandy on October 29, 2012.

Investment

  • NMTC Amount: $2,940,000
  • Total Project Cost: $9,094,747

IMPACT

  • 60 FTE jobs
  • 50 construction jobs

Investor

Project Description

109,270 sqft warehouse divided into two commercial spaces: Adler Development, LLC renovated a 109,720 sqft warehouse that was severely damaged by Hurricane Sandy on October 29, 2012. The storm ripped two-thirds of the roof off the building, and damaged the remainder. The storm caused extensive water damage to all of the building systems (HVAC, lighting, and fire suppression), destroyed the insulation and made the offices uninhabitable. The renovation work consists of a new roof, designed to withstand 120 mph wind speeds, new awnings and roof metal, energy-efficient lighting, new heating systems, a new ESFR fire sprinkler system including a pressure-boosting pump, a new water service to feed the building, and general reconstruction of the office space.

MAP

Address: 975 High Street, Perth Amboy, NJ 8861

Census Tract: 34023004500

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