Newark’s central ward gets first new full-service grocery store in 22 years

TRD New York /
Feb.February 28, 2012 06:00 PM

Newark Mayor Cory Booker today officially unveiled a long-awaited $8 million Food Depot supermarket, the first new full-service grocery in the city’s central ward, the heart of the city’s African-American community and the former home of several major department store chains.

The 31,000-square-foot store, located at 75 1st Street and Sussex Avenue, was developed under an initiative by the Brick City Development Corp., the city’s economic development agency, to help expand the availability of fresh, affordable produce to the city, which has for years struggled to retain major supermarket and retail chains.

The grocery store, which will bring more than 100 jobs to the city of Newark, was financed with the help of a $2 million loan through the BCDC Urban Enterprise Loan Fund, as well as Elizabeth, N.J.-based Crown Bank.

The owners of the grocery, Orfilio Chaviano and Nick Gonzalez III, said they have a location in Kearny, N.J.., are currently in talks to open a Food Depot on Clinton Avenue in Newark and are looking to open an additional store in Elizabeth.


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Cristiano Moura (Credit: Christie’s Real Estate and iStock)

Viral Instagram post leads to arrest, assault charge for former Christie’s agent

Amazon CEO Jeff Bezos and Hudson Yards (Credit: Getty Images and Wikipedia)

Amazon takes big new office space near Hudson Yards

A&E Real Estate Holdings principal Douglas Eisenberg and the properties (Credit: The Rego Park 18 Portfolio)

Deutsche Bank provided A&E $97M in financing for big Rego Park buy

Billy Macklowe and Key Food at 120 Fifth Avenue in Brooklyn (Credit: Getty Images and Google Maps)

Billy Macklowe looking to break into Brooklyn

From left: Daniel Shirazi, and Robert Khodadadian, with 530 West 25th Street

Feil Organization buys Chelsea office building for $72M

arrow_forward_ios