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Nj future redevelopment forum 2019 mascherin


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Marie Mascherin presentation for co-working session at Redevelopment Forum 2019.

Published in: Government & Nonprofit
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Nj future redevelopment forum 2019 mascherin

  1. 1. Tocreatethrivingcommunities through strategicinvestments andknowledge. Our Mission
  2. 2. As aCDFI founded in 1987, wehaveatoolkit of servicesand productstosupport neighborhood revitalization and economic development in disinvestedcommunities, including: •Revolvingloan funds andrelated investment products •Real estatedevelopment/ foreclosuremitigation •Homeownershipcounselingand mortgageproducts •Capacity buildingand technical assistance NJCCisthelargest community development financial institution (CDFI) certified by theU.S. Department of Treasury servingtheentireStateof New Jersey.  WHOWEARE
  3. 3. WHATWEDO
  4. 4. • 4,795 SF, 2.5 story buildingin Millville’s Glasstown Arts District • 4 artist studios; 200 SFper studio • Business incubator/ sharedwork space • 918 SF(market rate) apartment • Storage& conferenceroom GLASSTOWNCREATIVE ENTERPRISECENTER Millville, NJ
  5. 5. • 400,000 SFvacant buildingconverted to80,000 SFof commercial, community and/ or officeuse • 14,000 SFco-workingspace • ExpressNewark, RutgersUniversity collaborativeart space HAHNE& CO. BUILDING Newark, NJ Rendering by: Hanini Group
  6. 6. • Joint venturebetween SecondLifeBikes (non-profit) andMerchWerks(for-profit) • 9,600 SFof sharedworking; cafécart; andcommunity space; NJEDAfunded interior improvements • Support upto8 businessesandprovide community; mid-sizeevent spaceon west- sideof Asbury Park MERCHWERKS Asbury Park, NJ Photo by: Cowerks
  7. 7. • Adaptivereuseof 182,000 SF abandonedmanufacturingfacility • Over 45,000 SFdedicatedtosocial profit center andofficespacefor local organizations • Catalyzeadditional investments in underutilizedindustrial areaof Trenton MILL ONE – ISLES, INC. Hamilton Twp., NJ Photos by: Social Profit Center, Isles
  8. 8. • 3,200 SFof sharedcommercial kitchen space • Woman-ownedsmall business enterprise • Historical Valley Arts District location • Capacity-buildingservices, small business development, andtechnical assistancefor culinary entrepreneurs GARDEN STATE KITCHEN Orange, NJ