Warehouse Rising from Ashes of Passaic's 1985 Labor Day Fire
122 8th Street in Passaic, Stonemont Financial Group's Zack Markwell (Loopnet, Getty, Stonemont Financial Group) Like a phoenix, a building is set ...
122 8th Street in Passaic, Stonemont Financial Group's Zack Markwell (Loopnet, Getty, Stonemont Financial Group) Like a phoenix, a building is set to rise from the scorched earth where a notorious Passaic fire erupted nearly four decades ago. Stonemont Financial Group is planning a warehouse and logistics center in the New Jersey city, NorthJersey.com reported. The Atlanta-based real estate company purchased the land from Mynt Properties for an undisclosed price in December. Stonemont's industrial project will span 296,000 square feet, according to NJBIZ, and is being developed in a public-private partnership with the city.