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June 17, 2025

Hanini Group

Hanini Group invests in urban communities by focusing on conscious design, sustainable construction, and equitable urban revitalization. A full-service real estate management firm based in Philadelphia, SHIFT connects developers of color with capital and resources to build quality affordable housing – from investment management to property management. SHIFT currently serves seven neighborhoods, 29 Black, Indigenous, and people of color-owned small businesses, and 29 woman-owned small businesses through their spaces and programs. Hanini Group and SHIFT formed 10 Commerce Newark LLC to complete the conversion of a 12-story, 126,088 square-foot vacant office building located at 10 Commerce Court, a highly desirable location in the heart of the downtown Newark business district into a mixed-use, mixed-income development. NFF’s loan participation will help finance the construction of 110 housing units – 20% of which are affordable housing – and two commercial units with easy access to Newark Penn Station, where NJ Transit, Amtrak, and PATH trains to New York City can be accessed. With this development, Newark residents will have more affordable housing options and better access to transit and employment opportunities.