New Markets Tax Credit, Historic Tax Credit, State and City
Sponsor
Fidelco Realty Group
Private Financing
Bank Financing
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.
