NEWARK-Brick City Development Corp. is launching a supermarket development initiative here, with the aim of bringing new grocery stores to the city as part of BCDC’s commitment to sustainable development and healthy neighborhoods.

BCDC has identified eight potential sites that will accommodate a full service grocery store between 15,000 square feet to 40,000 feet in size throughout the city. It is currently completing demographic analysis and site-specific due diligence. BCDC is also prepared to provide financing for site acquisition, development and construction costs.

“Understanding the real estate is a vital component of our approach and the lack of available sites has been one of the chief barriers preventing store development in the past,” says Lyneir Richardson, CEO of BCDC. “We have identified eight sites in viable trade areas that have visibility, access and parking to generate solid sales volume. We are now going to be marketing those sites to the grocery industry and private developers,”
Our goal is to get at least three of these sites under construction in the next 12 to 24 months.”

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