NEWARK-Brick City Development Corp. is launching a supermarketdevelopment initiative here, with the aim of bringing new grocerystores to the city as part of BCDC’s commitment to sustainabledevelopment and healthy neighborhoods.

BCDC has identified eight potential sites that will accommodatea full service grocery store between 15,000 square feet to 40,000feet in size throughout the city. It is currently completingdemographic analysis and site-specific due diligence. BCDC is alsoprepared to provide financing for site acquisition, development andconstruction costs.

“Understanding the real estate is a vital component of ourapproach and the lack of available sites has been one of the chiefbarriers preventing store development in the past,” says LyneirRichardson, CEO of BCDC. “We have identified eight sites in viabletrade areas that have visibility, access and parking to generatesolid sales volume. We are now going to be marketing those sites tothe grocery industry and private developers,”
Our goal is to get at least three of these sites under constructionin the next 12 to 24 months.”