Consolidated Rent-A-Car broke ground Tuesday for its $500 million facility at Newark Liberty International Airport.
Consolidated Rent-A-Car says it will construct a 2.7-million-square-foot structure on 19 acres with 2,750 public parking spaces and 3,380 rental car spaces to support 10 rent-a-car brands. Completion of the public parking area is anticipated in 2021, with the ConRAC opening to the public in 2023.
A key project goal of the ConRAC developers is workforce investment, development and inclusivity. The developers aim for up to $350 million to be spent in the local economy.
The location incorporates retail operations with customer wayfinding and traffic circulation, provides vehicle fleet storage and enhanced security, and features shared components including 15 car washes and 54 fueling positions along with vacuum systems, waste management and service bays. The project employs several sustainability initiatives including a solar roof, electric vehicle charging stations, LED efficient lighting, and water reclamation and air quality systems.
The company says the facility will bring all rent-a-car companies at Newark airport under one roof as part of the Terminal One Redevelopment Program.