The New York City Terminal Produce Cooperative Market, which operates the
Hunts Point produce market in New York City's south Bronx area, is taking a
renewed look at rebuilding in New Jersey. This is among the options being
considered by a consultant hired several months ago to help the market break
a deadlock with New York City.
The market has for years struggled with its landlord, New York City's
Economic Development Corp., to find an alternative to operating the 43-year-
old Hunts Point market, whose lease in the south Bronx expires in 2011.
Several years ago, Hunts Point market officials talked to New Jersey about
moving to the Meadowlands area, which is a sprawling, generally swampy
area a few miles from the George Washington Bridge approach to New York.
It is estimated that the market would require 600,000 to 800,000 square feet
on 75 to 100 acres to construct a new market.
Steve Katzman, co-president of the Hunts Point Terminal Produce Produce
Cooperative Associaiton, told The Produce News Nov. 8 that the commercial
real estate brokerage Jones Lang LaSalle had been hired to resolve a stalemate
regarding either building a new facility behind the current Bronx location or
moving the market to a spot that provides more available real estate, such as