Prologis unveils $100M Newark project to create jobs and enhance community relations

During the recent City Council meeting in Newark, significant discussions centered around the Prologis project, which aims to revitalize a key industrial site at 6756 Central Avenue. Prologis, a global leader in industrial real estate, has been actively collaborating with city officials and community members for over 18 months to ensure the project aligns with local needs and expectations.

Prologis representatives highlighted their long-standing commitment to Newark, noting that the company has invested in the city since 1993 and currently manages a substantial portfolio of industrial properties. The proposed development at Central Avenue is set to replace a previously problematic site, which had numerous code enforcement violations and was considered an eyesore. Prologis has already invested over $1 million to clean up the area, demonstrating their dedication to being a responsible community partner.

The new project promises to bring substantial economic benefits to Newark, including the creation of over 200 construction jobs and an estimated 250 to 400 permanent jobs once operational. Additionally, the development is projected to generate approximately $2.9 million in development impact fees for the city, alongside ongoing annual contributions to the general fund, which could range from $150,000 to $900,000 depending on the type of businesses that occupy the site.

Prologis emphasized its commitment to sustainability, planning to construct buildings that meet LEED Silver standards and incorporate features such as solar-ready roofs and electric vehicle charging infrastructure. The design aims to enhance the local landscape while providing a modern work environment that attracts high-quality employees.

The project also includes significant collaboration with the city on the Central Avenue Overpass project, with Prologis offering easements at no cost to facilitate construction. This partnership is expected to improve transportation access in the area, further supporting local economic growth.

Overall, the discussions at the City Council meeting underscored the potential for the Prologis project to transform the Central Avenue site into a thriving business hub, contributing to Newark's economic development and community well-being. As the project moves forward, continued engagement with local stakeholders will be crucial to ensure its success and alignment with community interests.