Newark Arts Commons

The new home of nonprofit art organizations and affordable studio space for local makers and artists.

Investment

  • NMTC Amount: $2,000,000
  • Total Project Cost: $23,274,044

IMPACT

  • 28 FTE jobs
  • 70 construction jobs
  • 3,500 low-income children and youths will be served annually by educational programming from GlassRoots

Investor

Project Description

The original St. Michael’s Hospital, established by the Franciscan Sisters of the Poor in 1869, iscome the Newark Arts Commons, a center for arts education and creative co-living. It will become the new home of nonprofit art organizations and affordable studio space for local makers and artists.

MAP

Address: 306 Martin Luther King Jr. Boulevard, Newark, NJ 7102

Census Tract: 34013022900

Other New Jersey Projects

Financing for a much-needed childcare center in Neptune, NJ.
NMTC financing supported the rehab and new construction of two modern, mixed-use buildings in order to retain and attract tenants that provide diverse services to the Newark community, in the
Adler Development, LLC renovated a 109,720 sqft warehouse that was severely damaged by Hurricane Sandy on October 29, 2012.
Invests in solar for community action agencies and nonprofits, saving them on utilities.