Client Testimonial

"Monge Capital has helped local developers attract and structure private investment and garner government subsidies enabling noteworthy commercial real estate projects to happen in Newark, NJ."

Lyneir Richardson
President and CEO
Brick City Development Corporation
Municipal Master Plan Execution


Newark Downtown Master Plan Redevelopment
  • Market Street Redevelopment  » Read More
     
  • Hotel Indigo
     
  • Edison Place Redevelopment
     
  • Deal Overview:  Monge Capital, in collaboration with the NJ Economic Development Authority, the City of Newark, Brick City Development Corporation, local developers and financing institutions, has been an instrumental partner in the continued execution of Newark’s Downtown Master Plan redevelopment adjacent to the Prudential Center. Monge Capital’s activities in the Market Street designated development area spans over three projects consisting of the Market Street Redevelopment, Hotel Indigo and the Edison Place Redevelopment. Collectively these three projects represent a total investment of $80M and totaling approximately 211,000 SF.
     
  • Total Project Cost: $80M
     
  • Deal Facts: Collectively these three projects represent a total creation of approximately 300 construction and 250 permanent jobs.
     
  • Services Provided: Real Estate and Capital Advisory Service for Downtown Master Plan Development