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    Home»Real Estate News»Hunts Point Produce Market in Line for $635M Rebuild

    Hunts Point Produce Market in Line for $635M Rebuild

    Team_WorldEstateUSABy Team_WorldEstateUSADecember 31, 2025No Comments2 Mins Read
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    Eric Adams’ administration is leaving Zohran Mamdani with one other job: fixing the Hunts Level Produce Market.

    Adams introduced a challenge to redevelop the Bronx wholesale advanced accountable for distributing a lot of town’s recent fruit and greens, Bloomberg reported. The challenge comes because the growing older facility is weighed down by air pollution and outdated infrastructure.

    Anticipated to value $635 million, the redevelopment is predicted to exchange the ability with an all-electric market with higher entry to freight and rail transport. A three way partnership led by Aurora Contractors and Primus Builders will eradicate diesel-powered transport refrigeration items, add refrigerated warehouse area and improve site-wide circulation, in line with New York YIMBY.

    Financing for the challenge is cut up comparatively evenly between federal grants ($145 million), New York Metropolis ($130 million) and New York State ($130 million). The town can also be anticipating to land $230 million in federal debt from the Division of Transportation.

    The 100-acre facility handles greater than 2.5 billion kilos of fruit and veggies yearly and is accountable for supplying roughly 1 / 4 of town’s produce to its eating places, bodegas and impartial grocers.

    Along with creating 2,000 building jobs, the redevelopment is predicted to protect current employment on the facility. The subsequent step within the challenge might be design work and environmental evaluations overseen by town’s Financial Growth Company. Building is being focused for a begin late subsequent 12 months.

    “This settlement represents an necessary milestone and creates a transparent framework for the following section of labor as we advance planning and design for a contemporary, extra sustainable market that helps our mission of feeding New York Metropolis with recent produce from around the globe,” stated Hunts Level Produce Market co-president Stephen Katzman, who added that he seemed ahead to collaborating with the Mamdani administration on the challenge.

    — Holden Walter-Warner

    Learn extra

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    CenterPoint CEO Bob Chapman and the distribution center on Leggett Avenue. (JLL, CenterPoint)

    Bronx distribution center sells for $117M






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