MacMahon Student Center

Newark,
NJ
(2014)

MacMahon Student Center

Community, Retail, Retail and Commercial

College Builds Bridge with Campus/Community Center

Investment

NMTC Amount: $16,869,000
Total Project Cost: $33,786,707

IMPACT

59 FTE jobs
91 construction jobs
90,000 sq. ft. of real estate

CDEs

Building America CDE, Chase, New Jersey Community Loan Fund

Investor

Chase

Project Description

Building America CDE, Inc. allocated New Markets Tax Credits (NMTC) for the construction of the Mac Mahon Student Center on the campus of St. Peter’s University in Jersey City’s low-income McGinley Square community. The Center is a six-story, 90,000 sq. ft. facility offering a myriad of venues, services, and outreach opportunities for faculty, students, local residents, and community groups. The project has a total development cost of $49.1 million. It is the first phase of an ambitious redevelopment plan aimed to revitalize the McGinley Square public housing development.

MAP

Address: 17 William Street, Newark, NJ 7102

Census Tract: 34017002900

PDF Profile

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