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New Jersey back on the table as potential site for Hunts Point market

by Tad Thompson | November 07, 2010
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 the Meadowlands.