Press Releases

Statement From NYCEDC President Andrew Alper on the Fulton Fish Market Move to Hunts Point


“I am delighted that the Fulton Fish Market’s 38 wholesalers reached an agreement today with the City and Laro Service Systems over unloading services, clearing the way for the market to make its historic move to the Bronx this weekend. After spending more than 180 years in Lower Manhattan, the market and its 600 employees will open for business on Monday at the new $85 million facility the City built in Hunts Point. The market will bring about $1 billion in economic activity to the Bronx.

“The agreement calls for the New Fulton Fish Market Cooperative at Hunts Point to use Laro to perform unloading services for three more years. Laro agreed to pay $300,000 in rent to the cooperative for use of the unloading areas and certain unloading equipment.

“The new 430,000-square-foot, state-of-the art market has 25% more selling space than the current facility, allowing the wholesalers to grow their businesses. And by moving this billion-dollar industry to the Bronx, we are firmly establishing Hunts Point as the premier food distribution center in the country. This move marks an important milestone in the economic revitalization of the Bronx and supports the Hunts Point Vision Plan that Mayor Bloomberg unveiled in March 2005, which promotes a competitive business environment and sustainable community in Hunts Point.”

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Michael Sherman/Andrew Brent (212) 312-3523