975 High Street

Perth Amboy,
NJ
(2015)

975 High Street

Business Development, Disaster Recovery, Manufacturing, Sandy, Warehouse and Wholesale

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

CDEs

CCG Community Partners

Investor

US Bank

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

Other New Jersey Projects

Rehab of Roebling Mansion

Trenton,
NJ
(2005)

Community, Daycare and Early Childhood, Historic Rehabilitation, Mixed-use, Youth and Families

CDE(s): Wells Fargo

NMTCS were also a significant source of funding in the restoration of the Ferdinand W. Roebling mansion.

Aerofarms/Makers Village

Newark,
NJ
(2015)

Adult Education, Business Development, College or Vocational Training, Community, Culinary Entrepreneurship, Food Manufacturing, Incubator, Manufacturing, Retail

CDE(s): Dudley Ventures, GS New Markets Fund

AeroFarms, a mission-driven company, developed a 69,000 sq. ft. industrial site into the world's largest indoor vertical farm for baby leafy greens, producing up to 2 million pounds annually.

Bottino’s Shoprite

Vineland,
NJ
(2012)

Behavioral Health, Community, Daycare and Early Childhood, FQHCs, Grocery and Fresh Food, Healthcare, Mixed-use, Retail, Retail and Commercial, Youth and Families, Youth Program

CDE(s): Brownfield Revitalization, CCG Community Partners, The Reinvestment Fund

Bottino's ShopRite in Vineland, the family-run grocery chain that included a community health clinic.

Little People At Work Preschool

Neptune,
NJ
(2007)

Community, Daycare and Early Childhood, Youth and Families

CDE(s): CRFUSA, New Jersey Community Loan Fund

Financing for a much-needed childcare center in Neptune, NJ.