Newark Farmer’s Market

New Markets Tax Credit Coalition

Newark,
NJ
(2013)

Newark Farmer’s Market

Community, Grocery and Fresh Food, Manufacturing, Retail, Retail and Commercial, Shelters and Community Food, Warehouse and Wholesale

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

CDEs

CCG Community Partners, New Jersey Community Loan Fund, Urban America

Investor

TD Bank

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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