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People’s Bank Building

People’s Bank Building

Type

Commercial/Office

Location

Passaic, NJ

Est. Project Cost

$22.9 million

Size

105,354 SF

Public Financing

New Markets Tax Credit, Historic Tax Credits, City, State

Sponsor

Hanini Group

Private Financing

CDFI Financing

Closing Date

2017

Transit HUB Project/Historic Renovation/Education

Historic redevelopment of a long-time vacant building in the center of downtown into Passaic Board of Education anchored office with Blink Fitness and community-oriented retail anchored.

Estimated Economic and Social Impact

Approximately 200 jobs and 200 construction jobs.

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