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Audible Innovation Cathedral

Audible Innovation Cathedral

Type

Commercial/Office

Location

15 James St, Newark, NJ

Est. Project Cost

$69.1 million

Size

75,000 SF

Public Financing

New Market Tax Credit, City, State

Sponsor

Fidelco Realty Group

Private Financing

Bank and CDFI Financing

Closing Date

2016

Catalytic P3, Historic Redevelopment and Adaptive Re-use

Catalytic, historic adaptive re-use of church into world headquarters for Audible. Part of state and city efforts to retain and expand Audible’s presence and dedication in Newark for the continued revitalization of the City and within targeted transit HUB revitalization area.

Estimated Economic and Social Impact

Approximately 1,000 job impact plus expansion of local student support programs.

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