KPIP Building 78 Annex

Investment

  • NMTC Amount: $14,500,000
  • Total Project Cost: $26,181,984

IMPACT

  • 268 FTE jobs
  • 150 construction jobs
  • 90,000 sq. ft. of real estate

Investor

Project Description

Rehabilitation of the former “craneway” building adjacent to the Sponsor’s existing Building 78, which will result in 90,000 sq. ft. of flexible office space targeted to small business including businesses that are working to develop and commercialize technologies and services that advance energy conservation, alternative energy, resiliency, storm water management and preservation, restoration of natural resources, as well as house small start-up and entrepreneurial companies

MAP

Address: 78 John Miller Way, Kearny, NJ 7032

Census Tract: 34017012700

Other New Jersey Projects

In 2020, the NMTC provided patient financing for the nonprofit to facilitate the construction of 14 scattered site, for-sale affordable housing units.
Renovation and expansion of two Boys and Girls club facilities.
Early childhood educational and community center expands educational opportunities for Plainfield children.

Built in 1937, 550 Cookman Avenue is a shining example of Asbury Park’s art deco history. NMTC financing supported restoreation of this unique building, with careful consideration taken with its