The subject property is located in Paterson’s First Ward, directly north of the Great Falls and along Totowa Avenue. The property is a 200’ wide by 215’ lot. The parcel is located in the First Ward Redevelopment Zone and is also located in a qualified opportunity zone. Plans have been approved by city of Paterson to redevelop the asset into a 127-unit mixed-use building. Key notes: - Garden State Growth Zone Pilot is available - One of a few development sites available on Totowa Ave/Great Falls corridor - Vista Park and Westside Park rehabilitation has completed with parks opening in Spring 2026 - Over $25M in public and private investment received for both projects - Adjacent to recently renovated Hinchliffe Stadium and newly built Hinchliffe Residences - Recently approved 122 Unit development a couple blocks away - Can be developed using existing approved plans, redeveloped with new plans, or potentially for owner-user