Fresh Direct

Bronx,
NY
(2015)

Fresh Direct

Business Development, Food Manufacturing, Grocery and Fresh Food, Manufacturing, Retail, Retail and Commercial, Warehouse and Wholesale

Financing for a fresh food focused supplier supporting efforts to expand healthy foods access.

Investment

NMTC Amount: $24,680,300
Total Project Cost: $195,166,578

IMPACT

670 FTE jobs
960 construction jobs

CDEs

Chase, Citibank, Hampton Roads Ventures, Mid-City Community CDE, Urban Action Community Development

Investor

Chase

Project Description

Grocery delivery service – Fresh food focused supplier supporting efforts to expand healthy foods access. NMTC financing was a key tool in a complicated capital stack that was necessary for FreshDirect to build its facility on a challenging site in New York City. The state-of-the-art distribution facility serves as the central hub of the online grocer’s entire operations, including its proprietary supply chain, its production of prepared food products, and its processing and distribution of customer orders.

MAP

Address: 2 Saint Ann's Avenue, Bronx, NY 10454

Census Tract: 36005001900

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