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 media, legal, engineering, community-service and restaurant industries. The newly constructed building includes 3,500 sq. ft. of retail (ground floor), 675 parking spaces (floors 2-8) and 70,000 sq. ft. of office space (floors 9-10), the renovated building includes 4,000 sq. ft. of retail space (ground floor) and approximately 110,000 sq. ft. of office space (floors 2-6).

The Newark Call Center project is located in a federally-designated Hurricane Sandy Major Disaster Declaration Area and cited by the Mayor’s Office as a key catalyst for recovery. A vital component of the project is that a significant portion of the newly created jobs are intended to be filled by residents of Newark through partnership with the Newark Workforce Investment Board (NWIB) which is a community-based nonprofit that provides a localized, full-service employment and training system to make programs and resources easily available to residents and employers. The project supports numerous high-quality jobs, bring additional economic activity into downtown Newark, and catalyze additional development in the Newark CBD.