New Markets Tax Credit Coalition

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Newark Farmer’s Market

One phase of a 180,000 sq.ft. food processing and distribution project with this phase consisting of 90,000 sq. ft.

Investment

  • NMTC Amount: $18,200,000
  • Total Project Cost: $26,644,841

IMPACT

  • 160 FTE jobs
  • 200 construction jobs

Investor

Project Description

180,000 sqft food processing and distribution center with this phase consisting of 90,000 sq. ft: Wuhl Shafman Lieberman, Corp. is in the process of creating a modern cold-storage warehouse with the capacity to process approximately 40 million packages of fresh produce annually, which is distributed to more than 400 existing ShopRite, A&P, and affiliated supermarkets throughout the Northeast Corridor with more than 25% being located in highly distressed census tracts. In addition, the new facility supports the development of 27 to 30 new grocery stores in the Northeast Corridor, including a new ShopRite at the Springfield Avenue Marketplace in downtown Newark.

MAP

Address: 54 Cornelia Street, Newark, NJ 7105

Census Tract: 34013007501

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