Impact Investing
Springfield Avenue Marketplace, Newark NJ

Goldman Sachs is a lead partner in the development of a transit-oriented, mixed-use development in the University Heights neighborhood of Newark, New Jersey.

The Springfield Avenue Marketplace will include a ShopRite grocery store, bringing much needed fresh produce to the community, as well as 152 rental housing units and 52,000 square feet of retail space.

In addition to being a transit-oriented development, the development encourages urban walkability through the proximity of the residential units and the retail space. The project is expected to contribute over 250 permanent jobs to the local economy.