Rock Plaza Historic Redevelopment

Location

Market Street Newark, NJ

Est. Project Cost

$38.0 million

Public Financing

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

Private Financing

Bank Financing

Type

Retail

Size

110,000 SF

Sponsor

Fidelco Realty Group

Closing Date

2012

Historic Redevelopment and Adaptive Re-use

Historic redevelopment of 7 dilapidated buildings in downtown Newark into a vibrant Live, Work, Play and Create mixed use project including Dinosaur BBQ, Chipotle, Krauszer’s Foods, an Art Gallery and 80+ workforce housing units.

Estimated Economic and Social Impact

100 jobs and 150 construction jobs. 80+ units of workforce housing.