Recent and Planned Investment

In 2021, the restoration and redevelopment of historic Hinchcliffe Stadium and the surrounding area broke ground. Developers BAW Development and RPM Development Group have attracted over $100 million in private investment to the project. The project will restore the stadium for use for events and high-school athletics, build a 75-unit, LEED Platinum, affordable senior housing complex, and create a 12,000-square-foot restaurant and event space. The event space will pay homage to the history and impact of both the Stadium and Negro League Baseball.

Also in 2021, local developer Winn Development broke ground on a $26 million project on the site of the historic Argus Mill building. The project will revitalize the historic mill building to create six affordable two-bedroom apartments; construct a new four-story apartment building nearby for 68 low- to moderate-income households; build a new parking deck in coordination with the Paterson Parking Authority; and create community programming space.

Lastly, 24-1/2 Van Houten Street is in the early stages of a $50 million adaptive reuse project to produce a mix of 60-100 residential units, amenities, office space, retail areas, and outdoor public space.

The National Park Service is currently moving forward on the development of two major projects at the Great Falls National Historical Park: a new Visitors Center, and the Quarry Lawn – a new recreation area and river walk on the historic former site of the Quarry and Allied Textile Printing Company. Additionally, the National Park Service recently committed $775,000 in funding to restore the neighborhood’s historic raceway system and the gatehouse building where water was directed into the raceway canals.

On transportation, Passaic County is currently making $5.2 million in improvements to Wayne Avenue Bridge. The Paterson Parking Authority is developing a much-needed new visitors parking deck near the Great Falls, which will greatly improve the parking situation for visitors to the Park. Additionally, the New Jersey Department of Transportation, North Jersey Transportation Planning Authority recently awarded the City and County a $850,000 grant to improve pedestrian infrastructure around the Great Falls National Historic Park.

The City of Paterson is continuing construction on a $1.3 million total renovation and redesign of Lou Costello Park. In 2021, the NJ School Development Authority completed the $113 million construction of the new Joseph A. Taub Middle School, which opened in September 2021 to approximately 1,100 students. Lastly, the Paterson Museum was recently awarded funds from the Passaic County Historic Trust Grant Program, a partnership re-grant program between the New Jersey Historic Trust and the County of Passaic, to improve its facilities.

Additionally, public funds from New Jersey DCA’s NRTC program and other sources are supporting two current development projects being undertaken by NJCDC: the adaptive reuse of 50 Spruce Street and the transformation of the First Presbyterian Church of Paterson into the Paterson Youth Performing Arts Center.