Mercer Times

Trenton, N.J. – The City of Trenton, the New Jersey Economic Development Authority (NJ EDA) and Greater Trenton welcomed real estate developers to discuss prospective sites throughout the city; to learn more about multiple public incentives; and to provide a driving tour of selected assets and opportunities.

Mayor W. Reed Gusciora affirmed, “I’m thankful to Acting Director of Housing and Economic Development (HED) Willard Stanback, Greater Trenton Chief Executive Officer (CEO) George Sowa, and Chief Executive Officer (CEO) of the NJ EDA, Tim Sullivan, for collaborating with the City of Trenton in attracting leading developers to attend the event. Our administration hopes to create opportunities for existing and future Trentonians and businesses by aggressively capitalizing on Trenton’s many assets as we tap into Trenton’s vast potential.” 

Nearly 30 participants, representing approximately 20 commercial real estate development firms, attended the full-day programming. After registration, networking, and a light breakfast, Tim Sullivan and Mayor W. Reed Gusciora welcomed attendees. Next, participants watched a video produced by Greater Trenton and reviewed the latest residential market study commissioned by Greater Trenton, which revealed unmet demand for up to 1,270 housing units in downtown Trenton. This level of demand reflects a 33% increase compared with demand estimates from a study conducted five years ago.

CEO of the NJEDA Tim Sullivan remarked, ““With Trenton’s strategic location along the Northeast Corridor and between two major metropolitan hubs, the city is poised to attract investment, real estate, and commerce. Today’s event aligns with Governor Murphy’s commitment, embodied in the Economic Recovery Act, to making critical investments to help communities thrive. I look forward to working alongside Mayor Gusciora to continue Trenton’s renaissance, which will provide a strong economic foundation for the city and its residents for decades to come.”

The hosting organizations took participants on a nearly two-hour driving tour of private, city-, county-, and state-owned properties.  The sites were located throughout the City, with a particular emphasis on the Transit Center, downtown, and the Choice Neighborhood areas.

Original source can be found here.