Hunts Point Produce Market to be rebuilt for $405 million, New York City officials say
The Hunts Point Produce Market located in the Bronx will be rebuilt as part of a “first-of-its-kind” project backed by hundreds of millions in city, state, federal funding.
On December 30, 2025, the New York City Economic Development Corporation (NYCEDC) announced “a historic agreement to advance the redevelopment of the Hunts Point Produce Market in the Bronx” for $405 million.
Construction is expected to begin in late 2026.
“…The project will create a new state-of-the-art, intermodal food distribution facility, improve air quality for nearly 13,000 Bronx residents who live on the Hunts Point Peninsula, and generate more than 2,000 new construction jobs, as well as preserve the good-paying jobs already at the current market,” NYCEDC said in a news release. “The new food distribution facility will improve daily market operations while enhancing the long-term viability of the city’s produce businesses by meeting market needs. The redevelopment will also eliminate the stationary diesel-fueled Transport Refrigeration Units (TRU), delivering cleaner air for the nearly 13,000 New Yorkers that reside in the Hunts Point peninsula.”
See below for goals and objectives of the new Hunts Point Produce Market project:
- Deliver a state-of-the-art, intermodal food distribution facility that supports daily market operations for the city’s produce needs
- Enhance the long‐term viability of the produce businesses by meeting market needs
- Expand refrigerated warehouse space
- Improve air quality and quality of life for Bronx residents
- Eliminate stationary diesel TRUs, which currently serve as additional cold storage
- Optimize site-wide access and traffic circulation to alleviate congestion and reduce truck idling
- Minimize multi-modal conflicts between vehicular, truck, rail, and pedestrian traffic
- Increase rail efficiency and encourage rail usage
- Maximize energy efficiency and reduce operating costs
- Reduce waste and waste management expenses
- Prioritize safety and security of the facility
- Support quality jobs in the Bronx
Funding for the project includes $130 million in city funding, $130 million in state funding through Empire State Development, $145 million in funding through federal grants (including the Federal Highway Administration), and financing anticipated to be raised by NYCEDC through a railroad rehabilitation and an improvement financing loan from the U.S. Department of Transportation.
“If you want to see the future of New York City, look to Hunts Point. With cleaner air, cutting-edge technology, and good-paying jobs for working-class New Yorkers, the new Hunts Point Produce Market represents the smart, forward-looking investments our administration has made every day in office,” said New York City Mayor Eric Adams. “This new facility will help transport food from farms upstate to tables all across our city—reducing emissions, creating jobs, and bolstering our supply chain. When we came into office, we promised to build the cleaner, more affordable future Hunts Point deserved, and, with today’s announcement, we are delivering on that promise once again.”
“New York state is proud to invest $130 million in the complete transformation of the Hunts Point Produce Market—a facility that feeds millions of New Yorkers every day,” said New York Governor Kathy Hochul. “This redevelopment will deliver cleaner air and better health outcomes for Bronx families, create thousands of good-paying construction jobs, and build a first-of-its-kind all-electric food distribution hub that sets the standard for sustainable infrastructure nationwide.”