What is the latest status of the project “The Art Factory Redevelopment”?

The status recorded for “The Art Factory Redevelopment” is planned.

What is the budget and commercial profile for the project “The Art Factory Redevelopment”?

Taiyo normalizes the budget of “The Art Factory Redevelopment” to USD 6000000.

Where can I verify the source and access all details for “The Art Factory Redevelopment”?

This Taiyo project page references Real Estate NJ along with the original URL (https://re-nj.com/iprg-buyer-of-historic-paterson-mill-complex-eyes-redevelopment-after-6-million-sale-by-procida-funding/). Taiyo standardizes official data into a consistent, searchable project profile.

The Art Factory Redevelopment

Sector: Manufacturing (Industrial) • Location: Paterson, New Jersey, United States

Source: Real Estate NJ

Project

Planned

The Art Factory is a historic 25-building, 230,922-square-foot industrial complex located at 70 Spruce St. in Paterson. The buyer plans to pursue approvals for a mixed-use residential project that preserves the historic nature of the site, including ground-floor commercial or cultural space and amenities for residents and the community.

Status: Prospective
Sector: Manufacturing (Industrial), Commercial, Residential
Location: Paterson, New Jersey, United States of America
Updated: 22 Jul 2026
Source: Real Estate NJ

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Project Information

4 Q

The project “The Art Factory Redevelopment” is an infrastructure initiative in the Manufacturing (Industrial) sector, located in Paterson, New Jersey, United States. Taiyo aggregates data on it from Real Estate NJ.

Participants

Not available for this record.

Status

Original status	planned
Taiyo status	Prospective
Taiyo last update	2026-07-22

Contact

Not available for this record.

Description

Description	The Art Factory is a historic 25-building, 230,922-square-foot industrial complex located at 70 Spruce St. in Paterson. The buyer plans to pursue approvals for a mixed-use residential project that preserves the historic nature of the site, including ground-floor commercial or cultural space and amenities for residents and the community.
Original sector	Built Sector
Budget

Location

Country	United States of America (USA)
State	New Jersey
City	Paterson

Source

Source	Real Estate NJ
URL

More Details

Record type	Project
Sector	Manufacturing (Industrial), Commercial, Residential
Article published date	2026-05-11

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The Art Factory Redevelopment

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