Gain a foothold in Downtown Paterson’s vibrant Great Falls Historic District with the new construction retail spaces for lease at 50 Spruce Street.
Offering one of the neighborhood’s most noteworthy redevelopment projects, 50 Spruce Street is currently under construction, set to deliver a landmark mixed-use property with 38 multifamily units and ground-floor retail and restaurant space. Scheduled for completion in March 2026, this is the perfect opportunity for established retailers or new concepts to secure a premier address at the heart of Paterson’s growth.
The available ground-floor retail spaces at 50 Spruce Street include options for 1,132 and 1,500 square feet. These versatile spaces offer new construction shell suites, allowing a wide range of customization options and flexible layouts. With high-quality features and fantastic visibility, these spaces provide a prime choice for a wide range of retail or service-based uses.
Businesses at the property will benefit from effortless regional connectivity, situated just off the interchange of Highway 19 and Interstate 80, with robust daily exposure to more than 22,000 passing vehicles. Additionally, the property is less than a mile from the Paterson Rail Station, with services for the Main/Port Jervis Line, offering convenient public transit access.
The Great Falls Historic District provides a compelling destination for business owners, placing them amidst walkable streets lined with boutique shops and popular local restaurants. The area’s foot traffic is elevated by nearby destinations such as the Paterson Museum, Overlook Park, and Great Falls National Historic Park. These well-loved hotspots draw more than 300,000 visitors each year, delivering a dependable stream of new potential customers.
Growth in the area is fueled by impressive demographics when looking within a 3-mile radius of 50 Spruce Street. More than 258,000 residents call the area home, boasting an average household income of more than $95,000 and annual consumer spending of more than $2.4 billion. This valuable customer base, coupled with the built-in audience of multifamily residents living in the units on the upper floors of the property, creates a lucrative commercial environment that presents meaningful growth potential for all manner of retail businesses.
