Passaic, NJ

1 Market Street

Overview

The historic home to Ethan Allen’s Market Street distribution center, this 250,000-squarefoot industrial complex has been slated for repurposing by Passaic officials to a mixeduse commercial and residential property as part of the city’s redevelopment plans for its Eastside. The city of Passaic identified Sun Equity Partners as the ideal developer to transform this formerly thriving industrial site along the river into prime mixed-use residential units, with dynamic retail and restaurant space on the street level. The combination of an inventory of space and land in need of redevelopment, a dearth of available properties between Passaic and New York, federal tax credits, and the commitment by the city to be business-friendly means Passaic is poised for a renaissance on a scale Hoboken and Edgewater.

Highlights

  • Industrial to Mixed-use Conversion
  • Suited for Residential-Retail
  • 6-story industrial complex
  • 250,000 SF
  • Year Constructed 1930
1 million
Commercial Sq. Footage
1
Residential Units
1
Properties
1
Years in business
$ 1 billion
Assets
1
States