Hunts Point Produce Market to be rebuilt for $405 million, New York City officials say
Dec. 30, 2025 — New York City officials announced a $405 million agreement to move forward with the redevelopment of the Hunts Point Produce Market in the Bronx, a major food distribution hub that many truck drivers serve on a regular basis.
The New York City Economic Development Corporation (NYCEDC) said the deal is “a historic agreement to advance the redevelopment” of the market. Officials described the work as a rebuilding effort aimed at addressing decades-old infrastructure.
According to the announcement, the project is backed by $405 million in city, state and federal funding. The agreement was announced by then-Mayor Eric Adams as one of his final acts in office.
For drivers, Hunts Point matters because it is a key stop in the regional food supply chain. When a major terminal like this is rebuilt, it can affect how freight moves in and out of the city and how efficiently trucks can be served at the docks and through the facility’s internal roadways.
NYCEDC framed the redevelopment as a step toward modernizing the market’s aging infrastructure. City officials did not provide additional project details in the information released with the announcement.