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NJPAC District

NJPAC District

Type

Education, Cultural & Arts, Residential

Location

Newark, NJ

Est. Project Cost

$332.8 million

Size

580,000 SF

Public Financing

New Market Tax Credit, ASPIRE Tax Credit

Sponsor

New Jersey Performing Arts Center

Private Financing

Bonds

Art Center Campus

The NJPAC District is a $332.8 million, 580,000 square foot mixed-use redevelopment that connects the New Jersey Performing Arts Center with downtown Newark and the new riverfront park. The project includes 350 residential units, arts education spaces, a performance center, retail, and infrastructure enhancements. Monge Capital played a vital role in securing financing for this catalytic project that blends culture, education, and community revitalization.

Estimated Economic and Social Impact

Over 70 jobs and 130 construction jobs. Expanded access to arts education and professional development services.

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