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Southward Wellness Center

Southward Wellness Center

Type

Healthcare, Community Facility

Location

Newark, NJ

Est. Project Cost

$42 million

Size

46,500 SF

Public Financing

NMTC, Federal, State

Sponsor

BRICK Education

Private Financing

Debt, Equity

This $42 million, 46,500-square-foot development will bring much-needed community-based healthcare, wellness, and social services to the South Ward neighborhood, including a focus on maternity health. Monge Capital secured $22 million in New Markets Tax Credit allocation and supported the broader capital stack, including $17.9 million of term and bridge financing for this catalytic development.

Estimated Economic and Social Impact

Project Gallery